DRS KIRAN & PALLAVI PATEL FOUNDATION FOR GLOBAL UNDERSTANDING (EIN 200020142) - 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

2003

Legal Domicile

Principal Officer

DR KIRAN PATEL

Phone

8134714380

Tax Period

2023-07-01 to 2024-06-30

DRS KIRAN & PALLAVI PATEL FOUNDATION FOR GLOBAL UNDERSTANDING, founded in 2003, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $4K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 345% operating deficit.

Mission

THE FOUNDATION FOR GLOBAL UNDERSTANDING IS DEDICATED TO BUILDING HEALTHY COMMUNITIES WHICH ENABLE AND INSPIRE INDIVIDUALS THROUGH EDUCATION, HEALTH AND CULTURAL PROGRAMMING.

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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 $1,000

Program Service Revenue $0

Investment Income $2,833

Other Revenue $0

TOTAL REVENUE $3,833

Expense Breakdown

Grants Paid $16,508

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,076

Other Expenses $568

TOTAL EXPENSES $17,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,833	$43,500	-0.9%
Expenses	$17,076	$29,340	-0.4%
Net Income	$-13,243	$14,160	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KIRAN PATEL	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
DR PALLAVI PATEL	VICE CHAIRPE	N/A	Officer Director	$0	$0	$0
SHILEN PATEL	EXECUTIVE DI	N/A	Officer	$0	$0	$0
BHARATI SHAH	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	$3,833	$17,076	$335,915	$-13,243
2023	$43,500	$29,340	$349,233	$14,160
2022	$44,875	$42,883	$347,219	$1,992
2021	$45,675	$47,943	$342,006	$-2,268
2020	$73,683	$76,073	$335,274	$-2,390
2019	$92,353	$136,618	$337,664	$-44,265

DRS KIRAN & PALLAVI PATEL FOUNDATION FOR GLOBAL UNDERSTANDING