INDIA SOCIETY OF WORCESTER

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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

1978

Legal Domicile

Principal Officer

ASISH BHATTACHARYA

Phone

5088429795

Tax Period

2024-01-01 to 2024-12-31

INDIA SOCIETY OF WORCESTER, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $492K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 34% operating margin.

Mission

THE PURPOSE IS TO ENCOURAGE THOSE PEOPLE WITH INDIAN ORIGIN OR ARE OTHERWISE INTERESTED IN INDIA FOR RETAINING, FOSTERING THE INDIAN CULTURAL HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $292,559 Revenue: $190,255

ACTIVITIES TO ENCOURAGE PEOPLE WITH INDIAN ORIGIN OR ARE OTHERWISE INTERESTED IN INDIA FOR RETAINING, FOSTERING THE INDIAN CULTURAL HERITAGE.

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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 $330,079

Program Service Revenue $144,476

Investment Income $25,353

Other Revenue $-8,162

TOTAL REVENUE $491,746

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $292,559

Other Expenses $323,112

TOTAL EXPENSES $323,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,746	$405,113	+0.2%
Expenses	$323,612	$307,016	+0.1%
Net Income	$168,134	$98,097	+0.7%

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

300

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	Role	Reportable Comp	Other Comp	Total
JAGAN SRINIVASAN	PRESIDENT	Officer Director	$0	$0	$0
BALAKRISHNAN CHANDRAKASAN	VICE-PRESIDENT	Officer Director	$0	$0	$0
RAJESH KHARE	BOARD MEMBER	Director	$0	$0	$0
MUKUL AGRAWAL	BOARD MEMBER	Director	$0	$0	$0
KAMLESH KHILNANI	BOARD MEMBER	Officer Director	$0	$0	$0
GEETANJALI VIRMANI	BOARD MEMBER	Director	$0	$0	$0
RUCHI CHAUHAN	BOARD MEMBER	Director	$0	$0	$0
CHELLA PALANIPPAN	BOARD MEMBER	Director	$0	$0	$0
ASISH BHATTACHARYA	TREASURER	Officer Director	$0	$0	$0
SMITA MANJREKAR	BOARD MEMBER	Director	$0	$0	$0
SHARAT AMIN	BOARD MEMBER	Director	$0	$0	$0
MUTHUKUMARAN RAJASEKARAN	ASST TREASURER	Director	$0	$0	$0
ANAND JAIN	BOARD MEMBER	Director	$0	$0	$0
SUCHITRA SHINDE	BOARD MEMBER	Director	$0	$0	$0
ANJALI PARANJAPE	BOARD MEMBER	Director	$0	$0	$0
DHIREN SAVLA	BOARD MEMBER	Director	$0	$0	$0
SHILPA KULKARNI	BOARD MEMBER	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	$491,746	$323,612	$3,365,968	$168,134
2023	$405,113	$307,016	$3,522,834	$98,097
2022	$271,910	$121,576	$3,475,196	$150,334
2022	$470,494	$356,520	$3,474,994	$113,974
2021	$277,914	$49,114	$3,474,650	$228,800
2021	$413,718	$173,804	$3,483,955	$239,914
2020	$555,504	$26,128	$2,813,180	$529,376
2019	$1,072,206	$78,991	$2,231,779	$993,215
2018	$138,265	$78,423	$1,223,259	$59,842