THE PRASAD PROJECT INC (EIN 141751086) - 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

1992

Legal Domicile

Principal Officer

THOMAS KORULA

Phone

8454340376

Tax Period

2023-01-01 to 2023-12-31

THE PRASAD PROJECT INC, founded in 1992, is a small nonprofit in the International Affairs sector that reported $986K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 34% operating margin.

Mission

THE MISSION OF THE PRASAD PROJECT IS TO HELP IMPROVE THE QUALITY OF LIFE AND OFFER OPPORTUNITIES FOR SELF-RELIANCE BY WORKING IN PARTNERSHIP WITH PEOPLE IN NEED AND THEIR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $889,804

Program Service Revenue $0

Investment Income $96,059

Other Revenue $404

TOTAL REVENUE $986,267

Expense Breakdown

Grants Paid $75,569

Salaries & Benefits $271,563

Fundraising Expenses $29,849

Program Expenses $523,377

Other Expenses $299,414

TOTAL EXPENSES $646,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$986,267	$709,018	+0.4%
Expenses	$646,546	$631,610	+0.0%
Net Income	$339,721	$77,408	+3.4%

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

$106,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KARULA	CO-CHAIR/TRUSTEE	10.00	Officer Director	$0	$0	$0
VIVEK PANCHAPAKESAN	CO-CHAIR/TRUSTEE	8.00	Officer Director	$0	$0	$0
JYOTIKA PATEL	TREASURER	3.00	Officer Director	$0	$0	$0
HARRIETTE COLE	TRUSTEE	3.00	Director	$0	$0	$0
DEBORAH ROYCE	TRUSTEE/SECRETARY	0.50	Director	$0	$0	$0
MARIA ESCARRA	ASSISTANT SECRETARY/EXEC. DIRECTOR	40.00	Officer	$78,872	$27,348	$106,220

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	No data	No data	No data	No data
2023	$986,267	$646,546	$3,887,557	$339,721
2022	$709,018	$631,610	$3,428,671	$77,408
2021	$1,282,722	$980,671	$3,540,450	$302,051
2020	$883,504	$667,065	$3,171,503	$216,439
2019	$746,651	$532,560	$2,679,914	$214,091
2018	$707,720	$584,917	$2,329,766	$122,803
2017	$802,734	$642,361	$2,355,212	$160,373

THE PRASAD PROJECT INC