AKANKSHA EDUCATION FUND INC

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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

1996

Legal Domicile

Principal Officer

RAMESH SRINIVASAN

Phone

9179306515

Tax Period

2024-04-01 to 2025-03-31

AKANKSHA EDUCATION FUND INC, founded in 1996, is a community nonprofit in the International Affairs sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED CHILDREN IN INDIA, AND RAISING SUPPORT FOR AND AWARENESS OF SUCH ACTIVITIES IN THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $1,024,913 Revenue: $0

AKANKSHA EDUCATION FUND IS A NON-PROFIT ORGANIZATION WITH A MISSION TO PROVIDE CHILDREN FROM LOW-INCOME COMMUNITIES WITH A HIGH-QUALITY EDUCATION, ENABLING THEM TO MAXIMIZE THEIR POTENTIAL AND...

AKANKSHA EDUCATION FUND IS A NON-PROFIT ORGANIZATION WITH A MISSION TO PROVIDE CHILDREN FROM LOW-INCOME COMMUNITIES WITH A HIGH-QUALITY EDUCATION, ENABLING THEM TO MAXIMIZE THEIR POTENTIAL AND TRANSFORM THEIR LIVES. FOR OVER 30 YEARS, AKANKSHA HAS EDUCATED CHILDREN FROM LOW-INCOME COMMUNITIES ACROSS MUMBAI AND PUNE FIRST, THROUGH THEIR AFTER-SCHOOL CENTERS, AND SINCE 2007, THROUGH THE SCHOOL PROJECT. CURRENTLY, 'THE SCHOOL PROJECT' OPERATES 27 SCHOOLS, SERVING APPROXIMATELY 14,700 CHILDREN AND 5,400 ALUMNI. LOOKING AHEAD, THEY SEEK TO EXPAND THEIR NETWORK OF SCHOOLS, SHARE THEIR EFFECTIVE PRACTICES AND ADVOCATE FOR QUALITY SCHOOL REFORM FOR CHILDREN ACROSS INDIA. AKANKSHA EDUCATION FUND SUPPORTS ALUMNI FROM THE AKANKSHA FOUNDATION FUNDED SCHOOLS PURSUING HIGHER EDUCATION IN THE UNITED STATES. SERVICES INCLUDE MENTORING, CAREER GUIDANCE AND ACCESS TO REMOTE HOST FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $936,701

Program Service Revenue $0

Investment Income $69,603

Other Revenue $0

TOTAL REVENUE $1,006,304

Expense Breakdown

Grants Paid $827,350

Salaries & Benefits $369,791

Fundraising Expenses $223,303

Program Expenses $1,024,913

Other Expenses $190,073

TOTAL EXPENSES $1,387,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,006,304	$2,186,595	-0.5%
Expenses	$1,387,214	$2,473,631	-0.4%
Net Income	$-380,910	$-287,036	+0.3%

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

Independent Members

Employees

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

$184,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANKAR IYER	PRESIDENT	5.00	Officer Director	$0	$0	$0
BHARTI MALKANI	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KATE SHOEMAKER	SECRETARY	4.00	Officer Director	$0	$0	$0
FALGUNI MALKANI	TREASURER	5.00	Officer Director	$0	$0	$0
NYMRATA ADVANI	DIRECTOR	1.00	Director	$0	$0	$0
REENA BATRA	DIRECTOR	1.00	Director	$0	$0	$0
PULKESHI JAPE	DIRECTOR	1.00	Director	$0	$0	$0
SACHIN JINDAL	DIRECTOR	1.00	Director	$0	$0	$0
RUYINTAN MEHTA	DIRECTOR	1.00	Director	$0	$0	$0
ANJALI MELWANI	DIRECTOR	1.00	Director	$0	$0	$0
AMIR MIRZA	DIRECTOR	1.00	Director	$0	$0	$0
MEDHA PRAKASH	DIRECTOR	1.00	Director	$0	$0	$0
SRIVIDYA PRAKASH	DIRECTOR	1.00	Director	$0	$0	$0
SARAH H ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
MONICA SHETH	DIRECTOR	1.00	Director	$0	$0	$0
RAMESH SRINIVASAN	DIRECTOR	1.00	Director	$0	$0	$0
SEJAL DESAI	EXECUTIVE DIRECTOR	40.00	Officer	$173,919	$10,435	$184,354

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	$1,006,304	$1,387,214	$2,922,986	$-380,910
2024	$2,186,595	$2,473,631	$3,316,934	$-287,036
2023	$2,580,109	$1,897,972	$3,590,151	$682,137
2022	$2,850,540	$2,122,481	$2,904,487	$728,059
2021	$1,641,863	$1,995,952	$2,241,491	$-354,089
2020	$1,687,215	$1,906,599	$2,560,626	$-219,384
2019	$2,453,933	$1,474,756	$2,875,076	$979,177
2018	$1,828,075	$2,246,920	$1,877,315	$-418,845