Kannada Koota New York Inc

🔒

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

1976

Legal Domicile

Principal Officer

Ajith Bhaskar

Phone

9176501463

Tax Period

2022-05-01 to 2023-04-30

Kannada Koota New York Inc, founded in 1976, is a small nonprofit that reported $355K in total revenue in fiscal year 2022. Revenue surged 457% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 54% operating margin.

Mission

The mission of a Kannada Koota New York Inc is to promote and preserve the cultural, linguistic, and social heritage of people from Karnataka, India. The organization aims to foster a sense of community among Kannadigas, organize cultural events and activities, provide educational resources, and support charitable initiatives for the community.

Program Service Accomplishments

Program 1

Expenses: $138,503 Revenue: $104,915

In April 2023, Kannada Koota New York Inc conducted its 50th Anniversary (Suvarna Mahotsava) celebrations in Rockville Centre, New York. It was a two-day event attended by more than 700 people. The Kannada Koota New York Inc's 50th anniversary represented a significant milestone in the organization's history. It signified five decades of dedicated service to the Kannada-speaking community, fostering cultural preservation and unity. This celebration included cultural performances, and activities that highlighted the rich heritage of Karnataka, India. It was an occasion for members to reflect on the organization's growth and impact over the years, honor its founders and pioneers, and recommit to its mission of promoting Kannada culture. The 50th anniversary was a testament to the organization's enduring legacy and its continued dedication to serving the community.

Program 2

Expenses: $22,632 Revenue: $3,949

Kannada Koota New York hosted Ugadi, Ganesh Festival, Kannada Rajyotsava, Picnic, Independence Day Parade, and various other activities to promote and maintain traditional, educational, social, and...

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $243,396

Program Service Revenue $108,864

Investment Income $56

Other Revenue $2,856

TOTAL REVENUE $355,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,135

Other Expenses $162,757

TOTAL EXPENSES $162,757

Year-over-Year Comparison

	2022	2021	Change
Revenue	$355,172	$63,731	+4.6%
Expenses	$162,757	$48,450	+2.4%
Net Income	$192,415	$15,281	+11.6%

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
Ajith Bhaskar	President	10.00	Director	$0	$0	$0
Badari Ambatti	Vice President	5.00	Director	$0	$0	$0
Uma Sharath	Secretary	5.00	Director	$0	$0	$0
Raghavendra Shankar	Secretary	2.00	Director	$0	$0	$0
Yesodha Shankar	Treasurer	2.00	Director	$0	$0	$0
Thriveni Gowda	Treasurer	2.00	Director	$0	$0	$0
Sudha Marukola	Director	2.00	Director	$0	$0	$0
Veena Mahesh	Director	2.00	Director	$0	$0	$0
Ajith Ganesh	Director	2.00	Director	$0	$0	$0
Avinash Bhat	Director	2.00	Director	$0	$0	$0
Keshav Shyamsunder	Director	2.00	Director	$0	$0	$0
Prisha Gowda	Director	2.00	Director	$0	$0	$0
Aryan Marukula	Director	2.00	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
2023	$355,172	$162,757	$343,640	$192,415