INDIAN CULTURAL ASSOCIATION OF PA (EIN 203547481) - 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

2005

Legal Domicile

Principal Officer

JITEN PATEL

Phone

2153170185

Tax Period

2022-01-01 to 2022-12-31

INDIAN CULTURAL ASSOCIATION OF PA, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2022. The organization ran a surplus of $120K, a strong 53% operating margin.

Mission

Our mission is to create an innovative, inclusive and ideal Community Center to implement our Vision and activities. . We take pride in empowering the youth of our community to become leaders of tomorrow in all aspects and activities. We strive to create educational and cultural resources for the youth and the adult members of our communities. We work with our senior citizens to provide opportunities for inter-generational exchange of knowledge and heritage of our roots and integrate them to become integral part of our community. ICAPs mission is to promote our culture and heritage and pass on the leadership to the upcoming youth.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $226,924

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,630

Other Expenses $106,630

TOTAL EXPENSES $106,630

Year-over-Year Comparison

	2022	2021	Change
Revenue	$226,924	N/A	N/A
Expenses	$106,630	N/A	N/A
Net Income	$120,294	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JITEN PATEL	President	20.00	Director	$0	$0	$0
MEHUL PATEL	Secretary	10.00	Director	$0	$0	$0
MANISH JANI	Treasurer	5.00	Director	$0	$0	$0
MONISH PATEL	Asst. Treasurer	5.00	Director	$0	$0	$0
SNEHAL PATEL	Asst. Secretary	20.00	Director	$0	$0	$0
JAY PATEL	Board Member	5.00	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	No data	No data	No data	No data
2022	$226,924	$106,630	$157,154	$120,294

INDIAN CULTURAL ASSOCIATION OF PA