ITEE FOUNDATION (EIN 134220236) - 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

2002

Legal Domicile

Principal Officer

SHAN NANTHA KUMAR

Phone

9258281329

Tax Period

2023-09-01 to 2024-08-31

ITEE FOUNDATION, founded in 2002, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $34K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $64K exceeded revenue, resulting in a 90% operating deficit.

Mission

promote education of the underprivileged Tamil residents in California other states and countries and foster the growth and development of economy, technology and general welfare of the Tamil community in Sri Lanka

🔒

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 $32,175

Program Service Revenue $0

Investment Income $1,354

Other Revenue $0

TOTAL REVENUE $33,529

Expense Breakdown

Grants Paid $62,965

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,965

Other Expenses $743

TOTAL EXPENSES $63,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,529	$23,224	+0.4%
Expenses	$63,708	$45,434	+0.4%
Net Income	$-30,179	$-22,210	+0.4%

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
Kethess Srikanthan	Auditor	0.5	Director	$0	$0	$0
Rajan Bala	Board Member	0.5	Director	$0	$0	$0
B Thiruparan	Board Member	0.5	Director	$0	$0	$0
Vel Subramaniam	Board Member	0.5	Director	$0	$0	$0
Sanmuga Siva	Board Member	0.5	Director	$0	$0	$0
Haran Thananayagam	Board Member	0.5	Director	$0	$0	$0
Mani Vannan	Board Member	0.5	Director	$0	$0	$0
Sam Coomar	Board Member	0.5	Director	$0	$0	$0
Shan Nantha Kumar	President	1	Officer	$0	$0	$0
Ramoshan Canagasaby	Chief Technical Officer	1	Officer	$0	$0	$0
Ravi C Veerasingham	Treasurer	1	Officer	$0	$0	$0
Dr Ratnam Sooriakumaran	Vice President	1	Officer	$0	$0	$0
Devendra Vamadevan	Secretary	1	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
2024	$33,529	$63,708	$61,708	$-30,179
2021	$53,954	$33,345	$96,772	$20,609
2018	$25,350	$31,642	$5,405	$-6,292

ITEE FOUNDATION