MAHARASHTRA FOUNDATION INC (EIN 222213611) - 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

1999

Legal Domicile

Principal Officer

VIVEK PATANKAR

Phone

9789852346

Tax Period

2023-01-01 to 2023-12-31

MAHARASHTRA FOUNDATION INC, founded in 1999, is a small nonprofit that reported $814K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

FUNDING CHARITABLE PROJECTS IN INDIA AND THE USA.

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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 $644,430

Program Service Revenue $0

Investment Income $169,979

Other Revenue $80

TOTAL REVENUE $814,489

Expense Breakdown

Grants Paid $942,721

Salaries & Benefits $0

Fundraising Expenses $18,844

Program Expenses $959,012

Other Expenses $82,636

TOTAL EXPENSES $1,025,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$814,489	$1,257,978	-0.4%
Expenses	$1,025,357	$566,647	+0.8%
Net Income	$-210,868	$691,331	-1.3%

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

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
ANJALI LIMAYE	MEMBER	1.00	Director	$0	$0	$0
MANEESHA KELKAR	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DEEPA LIMAYE	SECRETARY	4.00	Officer	$0	$0	$0
RAJIV BHALERAO	PRESIDENT	5.00	Officer	$0	$0	$0
VIVEK PATANKAR	TREASURER	5.00	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	No data	No data	No data	No data
2023	$814,489	$1,025,357	$5,497,899	$-210,868
2022	$1,257,978	$566,647	$5,202,627	$691,331
2021	$1,539,007	$553,275	$5,287,905	$985,732
2020	$943,437	$673,274	$4,300,548	$270,163
2019	$1,059,905	$783,328	$4,036,864	$276,577
2018	$728,584	$819,926	$3,688,083	$-91,342
2018	$795,111	$820,497	$3,754,608	$-25,386

MAHARASHTRA FOUNDATION INC