CHARUHAS FOUNDATION INC (EIN 141911630) - 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

2004

Legal Domicile

Principal Officer

THAKORLAL R MISTRY

Phone

3017822814

Tax Period

2024-01-01 to 2024-12-31

CHARUHAS FOUNDATION INC, founded in 2004, is a small nonprofit in the Religion sector that reported $453K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $148K, a strong 33% operating margin.

Mission

TO PROMOTE AND PRACTICE THE IDEALS OF HINDUSIM AND THE HINDU RELIGION THROUGH WORSHIP, SOCIAL SERVICE EDUCATION.

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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 $452,918

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $452,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,377

Fundraising Expenses $0

Program Expenses $207,530

Other Expenses $285,885

TOTAL EXPENSES $305,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,918	$604,202	-0.3%
Expenses	$305,262	$80,303	+2.8%
Net Income	$147,656	$523,899	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
THAKORLAL R MISTRY	FOUNDER/PRESIDENT/DIRECTOR	20.00	Officer Director	$0	$0	$0
RAKESH C SHAH	DIRECTOR/VICE-PRESIDENT)	5.00	Officer Director	$0	$0	$0
HEMANG NAROLA	DIRECTOR/SECRETARY/TREASUR	5.00	Officer Director	$0	$0	$0
GULAB MISTRY	DIRECTOR	2.00	Director	$0	$0	$0
KAMLESH PATEL	DIRECTOR	2.00	Director	$0	$0	$0
DINESH PATEL	DIRECTOR	2.00	Director	$0	$0	$0
RAKESH PATEL	DIRECTOR	2.00	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
2024	$452,918	$305,262	$2,072,704	$147,656
2023	$604,202	$80,303	$1,772,128	$523,899
2022	$130,378	$71,381	$1,510,829	$58,997
2021	$108,834	$65,061	$1,355,019	$43,773
2021	$18,834	$64,772	$1,265,308	$-45,938
2020	$28,560	$54,415	$1,307,747	$-25,855
2019	$61,025	$58,170	$1,333,602	$2,855
2018	$88,610	$70,355	$1,330,747	$18,255

CHARUHAS FOUNDATION INC