PATIDAR CULTURAL ASSOCIATION OF USA INC (EIN 223031050) - 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

1989

Legal Domicile

Principal Officer

Bhavesh Patel

Phone

7327130118

Tax Period

2024-01-01 to 2024-12-31

PATIDAR CULTURAL ASSOCIATION OF USA INC, founded in 1989, is a small nonprofit that reported $227K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $293K exceeded revenue, resulting in a 29% operating deficit.

Mission

SOCIAL CHERITABLE ACTIVITES AND PROMOTING EDUCATION, HEALTH AND SANITATION ACTIVITIES.

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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 $209,978

Program Service Revenue $0

Investment Income $16,917

Other Revenue $0

TOTAL REVENUE $226,895

Expense Breakdown

Grants Paid $290,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,000

Other Expenses $2,569

TOTAL EXPENSES $292,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,895	$147,499	+0.5%
Expenses	$292,569	$28,615	+9.2%
Net Income	$-65,674	$118,884	-1.6%

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

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
Prakash Govani	President	2	Director	$0	$0	$0
Sanjay Jagani	Vice President	2	Director	$0	$0	$0
Dushyant Makadia	Secretary	2	Director	$0	$0	$0
Bhavesh Patel	Treasurer	2	Director	$0	$0	$0
Subhash Tilva	Executive Member	1	Director	$0	$0	$0
Akshay Vachhani	Executive Member	1	Director	$0	$0	$0
Rajesh Mansuriya	Executive Member	1	Director	$0	$0	$0
Ajay Govani	Executive Member	2	Director	$0	$0	$0
Vandana Patel	Executive Member	0	Director	$0	$0	$0
Atul Faldu	Executive Member	1	Director	$0	$0	$0
Prajesh Patel	Executive Member	2	Director	$0	$0	$0
Rajeshree Govani	Board of Trustee	0	Director	$0	$0	$0
Manu Dadhania	Board of Trustee	0	Director	$0	$0	$0
Kiran Ghodasara	Board of Trustee	0	Director	$0	$0	$0
Jayant Dadhania	Board of Trustee	0	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	$226,895	$292,569	$341,308	$-65,674
2021	$13,729	$14,813	No data	$-1,084
2019	$41,784	$50,801	$400,539	$-9,017
2018	$80,505	$98,088	$409,556	$-17,583

PATIDAR CULTURAL ASSOCIATION OF USA INC