CARNATIC MUSIC ASSOCIATION OF NORTH AMERICA (EIN 112654179) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

SOM SOWMYAN

Phone

9085210500

Tax Period

2025-01-01 to 2025-12-31

CARNATIC MUSIC ASSOCIATION OF NORTH AMERICA, founded in 1993, is a small nonprofit that reported $110K in total revenue in fiscal year 2025. Revenue surged 42% from the prior year, signaling strong growth momentum. Net assets of $804K represent 88 months of operating reserves.

Mission

Promotion of Carnatic Muscic in North America

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Trantor Score

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

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $27,924

Program Service Revenue $79,666

Investment Income $2,732

Other Revenue $0

TOTAL REVENUE $110,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,950

Other Expenses $121,275

TOTAL EXPENSES $121,275

Year-over-Year Comparison

	2025	2024	Change
Revenue	$110,322	$77,730	+0.4%
Expenses	$121,275	$118,150	+0.0%
Net Income	$-10,953	$-40,420	-0.7%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

1540

Independent Members

1540

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
Som Sowmyan	President	N/A	Director	$0	$0	$0
Venkatakrishnan Rajagopal	Vice President	N/A	Director	$0	$0	$0
Rhama Narayanan	Secretary	N/A	Director	$0	$0	$0
Dr Jana Narasimhan	Treasurer	N/A	Director	$0	$0	$0
Usha Vijayaraghavan	Trustee	N/A	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
2025	$110,322	$121,275	$804,451	$-10,953
2024	$77,730	$118,150	$765,233	$-40,420
2023	$157,363	$160,377	$735,018	$-3,014
2022	$127,190	$128,069	$696,292	$-879
2021	$50,706	$28,694	$683,417	$22,012
2020	$22,500	$26,579	$609,082	$-4,079
2019	$93,953	$91,437	$591,182	$2,516
2018	$80,543	$88,165	$519,609	$-7,622

CARNATIC MUSIC ASSOCIATION OF NORTH AMERICA