GUJARATI SOCIETY OF CENTRAL FLORIDA INC (EIN 050620278) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JAYESH PATEL

Phone

4074602020

Tax Period

2024-01-01 to 2024-12-31

GUJARATI SOCIETY OF CENTRAL FLORIDA INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $415K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE AND PRESERVE HERITAGE, LANGUAGE, SOCIAL AND CULTURAL AWARENESS BY PROVIDING A PLATFORM TO GUJARATI COMMUNITY WHILE SERVING THE COMMUINITY NEEDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $259,909

Program Service Revenue $151,221

Investment Income $3,765

Other Revenue $0

TOTAL REVENUE $414,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $427,925

Other Expenses $438,934

TOTAL EXPENSES $438,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,895	$556,351	-0.3%
Expenses	$438,934	$645,271	-0.3%
Net Income	$-24,039	$-88,920	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAYESH A PATEL	CHAIRMAN	6.00	Director	$0	$0	$0
PARESH PATEL	PRESIDENT	5.00	Director	$0	$0	$0
KIRIT PATEL	VICE PRESIDENT	5.00	Director	$0	$0	$0
PRAVIN PATEL	TREASURER	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$414,895	$438,934	$63,145	$-24,039
2023	$556,351	$645,271	$194,434	$-88,920
2022	$362,650	$378,867	$205,572	$-16,217
2021	$31,842	$41,843	$184,788	$-10,001
2020	$121,572	$92,943	$234,689	$28,629
2019	$449,695	$428,970	$166,160	$20,725
2018	$592,265	$503,962	$145,434	$88,303

GUJARATI SOCIETY OF CENTRAL FLORIDA INC