RAMAKRISHNA VEDANTA SOCIETY OF NORTH TEXAS

EIN: 141926916 501(c)(3) Religion

IRVING, TX

Total Revenue
$156,456
Total Expenses
$73,210
Total Assets
$1,060,350
Net Assets
$1,035,350
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
REKHA RAO
Tax Period
2024-01-01 to 2024-12-31

RAMAKRISHNA VEDANTA SOCIETY OF NORTH TEXAS, founded in 2006, is a small nonprofit in the Religion sector that reported $156K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 53% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE AN ENVIORNMENT AND FACILITIES FOR ITS MEMBERS TO SEEK SELF-REALIZATION AND ATTAINMENT OF GOD CONSCIOUSNESS BY FOLLOWING TEACHING OF SRI RAMAKRISHNA. MOST SIGNIFICANT ACTIVITIES INCLUDE PERSUIT OF SPIRITUAL GROWTH THROUGH PRAYERS, MEDITATION, READINGS, DISCOURSES AND HOLY COMPANY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $112,447
Program Service Revenue $0
Investment Income $44,009
Other Revenue $0
TOTAL REVENUE $156,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $73,210
TOTAL EXPENSES $73,210

Year-over-Year Comparison

2024 2023 Change
Revenue $156,456 $117,722 +0.3%
Expenses $73,210 $59,261 +0.2%
Net Income $83,246 $58,461 +0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REKHA RAO PRESIDENT 020.00
Officer
$0 $0 $0
LAXMINARAYAN GOWDA V.P. 020.00
Officer
$0 $0 $0
PRASANT IMMANDAR TREASURER 020.00
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 $156,456 $73,210 $1,060,350 $83,246
2023 $117,722 $59,260 $977,105 $58,462
2022 $18,351 $59,328 $918,643 $-40,977
2021 $147,075 $58,091 $959,620 $88,984
2020 $116,028 $48,108 $870,636 $67,920
2019 $99,229 $56,444 $802,716 $42,785
2018 $71,040 $61,108 $759,931 $9,932
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