INDIA SOCIETY OF WORCESTER

EIN: 222533832 501(c)(3) Arts, Culture & Humanities

SHREWSBURY, MA

Total Revenue
$491,746
Total Expenses
$323,612
Total Assets
$3,365,968
Net Assets
$3,365,968
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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
MA
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

ENCOURAGE PEOPLE INTERESTED IN INDIA TO RETAIN, FOSTER 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%)

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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

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Governance

Voting Members
17
Independent Members
17
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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAGAN SRINIVASAN PRESIDENT 0.00
Officer Director
$0 $0 $0
BALAKRISHNAN CHANDRAKASAN VICE-PRESIDENT 0.00
Officer Director
$0 $0 $0
RAJESH KHARE BOARD MEMBER 0.00
Director
$0 $0 $0
MUKUL AGRAWAL BOARD MEMBER 0.00
Director
$0 $0 $0
KAMLESH KHILNANI BOARD MEMBER 0.00
Officer Director
$0 $0 $0
GEETANJALI VIRMANI BOARD MEMBER 0.00
Director
$0 $0 $0
RUCHI CHAUHAN BOARD MEMBER 0.00
Director
$0 $0 $0
CHELLA PALANIPPAN BOARD MEMBER 0.00
Director
$0 $0 $0
ASISH BHATTACHARYA TREASURER 0.00
Officer Director
$0 $0 $0
SMITA MANJREKAR BOARD MEMBER 0.00
Director
$0 $0 $0
SHARAT AMIN BOARD MEMBER 0.00
Director
$0 $0 $0
MUTHUKUMARAN RAJASEKARAN ASST TREASURER 0.00
Director
$0 $0 $0
ANAND JAIN BOARD MEMBER 0.00
Director
$0 $0 $0
SUCHITRA SHINDE BOARD MEMBER 0.00
Director
$0 $0 $0
ANJALI PARANJAPE BOARD MEMBER 0.00
Director
$0 $0 $0
DHIREN SAVLA BOARD MEMBER 0.00
Director
$0 $0 $0
SHILPA KULKARNI BOARD MEMBER 0.00
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 $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
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