GUJARATI ASSOCIATION OF CONNECTICUT INC (EIN 202350953) - 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

2009

Legal Domicile

Principal Officer

JAYESH PATEL

Phone

2036762211

Tax Period

2024-01-01 to 2024-12-31

GUJARATI ASSOCIATION OF CONNECTICUT INC, founded in 2009, is a micro nonprofit in the Education sector that reported $85K in total revenue in fiscal year 2024. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 32% operating margin.

Mission

PROVIDE OPPORTUNITIES FOR EDUCATIONAL,INTELLECTUAL CULTURAL AND SOCIAL INTERCHANGE OF SOUTH ASIAN INDIAN AMERICANS OF GUJARATI DESCENT BY ORGANIZING MEETINGS AND CULTURAL PROGRAMS

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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 $0

Program Service Revenue $84,587

Investment Income $26

Other Revenue $0

TOTAL REVENUE $84,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,152

Other Expenses $57,408

TOTAL EXPENSES $57,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,613	$27,385	+2.1%
Expenses	$57,408	$49,738	+0.2%
Net Income	$27,205	$-22,353	-2.2%

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

350

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
RONAK SHAH	PRESIDENT	10.00	Officer	$0	$0	$0
DIPTI PATEL	VICE PRESIDENT	10.00	Officer	$0	$0	$0
AMISHA TAILOR	SECRETARY	10.00	Officer	$0	$0	$0
JAY PATEL	TREASURER	10.00	Officer	$0	$0	$0
JALPA MODI	PROGRAM MANAGER	1.00	Officer	$0	$0	$0
SHAKU PATEL	PUBLIC RELATION OFFICER	1.00	Officer	$0	$0	$0
JYOTSHNA PATEL	SENIOR CITIZEN COORDINATOR	1.00	Officer	$0	$0	$0
BHIMA RANMAL	FUND RAISING COORDINATOR	1.00	Officer	$0	$0	$0
DIPEN DEDANIA	YOUTH CO-ORD	1.00	Officer	$0	$0	$0
KETAL SHAH	EDITOR	1.00	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	$84,613	$57,408	$136,953	$27,205
2023	$27,385	$49,738	$109,748	$-22,353
2022	$67,114	$49,980	$132,100	$17,134
2021	$56,553	$38,707	$114,966	$17,846
2020	$11,619	$4,910	$96,719	$6,709
2019	$72,845	$61,911	$90,410	$10,934
2018	$37,387	$30,448	$79,476	$6,939

GUJARATI ASSOCIATION OF CONNECTICUT INC