INDIAN DIAMOND AND COLOR-STONE ASSOCIATION INC (EIN 133211019) - 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

1984

Legal Domicile

Principal Officer

HARIDAS KOTAHWALA

Phone

2129214488

Tax Period

2023-01-01 to 2023-12-31

INDIAN DIAMOND AND COLOR-STONE ASSOCIATION INC, founded in 1984, is a small nonprofit that reported $668K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $646K left a modest 3% surplus.

Mission

MAKE MEMBERS AWARE OF CURRENT TRENDS, DEVELOPMENTS AND ISSUES FACING THE INDUSTRY.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $655,080

Investment Income $12,949

Other Revenue $0

TOTAL REVENUE $668,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,875

Fundraising Expenses $0

Program Expenses $521,169

Other Expenses $581,378

TOTAL EXPENSES $646,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,029	$428,648	+0.6%
Expenses	$646,253	$436,536	+0.5%
Net Income	$21,776	$-7,888	-3.8%

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

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
SHAILESH JHALANI	DIRECTOR	Director	$0	$0	$0
NIMISH MEHTA	DIRECTOR	Director	$0	$0	$0
KAILASH RAWAT	DIRECTOR	Director	$0	$0	$0
AKSHAT SANGHAVI	DIRECTOR	Director	$0	$0	$0
ANSHAL SHAH	DIRECTOR	Director	$0	$0	$0
KUNAL SHAH	DIRECTOR	Director	$0	$0	$0
VISHAL SHAH	DIRECTOR	Director	$0	$0	$0
JIHAN VAGHASHIYA	DIRECTOR	Director	$0	$0	$0
HARIDAS KOTAHWALA	PRESIDENT	Officer	$0	$0	$0
ANIKET PARIKH	VICE PRESIDENT	Officer	$0	$0	$0
MANOJ BHANDARI	SECRETARY	Officer	$0	$0	$0
NAVNEET CHORDIA	TREASURER	Officer	$0	$0	$0
VIBHOR SARAF	JOINT SECRETARY	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$668,029	$646,253	$465,240	$21,776
2022	$428,648	$436,536	$431,826	$-7,888
2021	$198,332	$183,785	$418,957	$14,547
2020	$147,229	$131,678	$392,676	$15,551
2019	$186,018	$172,685	$395,975	$13,333
2018	$213,197	$194,356	$374,092	$18,841

INDIAN DIAMOND AND COLOR-STONE ASSOCIATION INC