INDIAN BUSINESS ASSOCIATION INC

EIN: 223129398 501(c)(3) Arts, Culture & Humanities

EDISON, NJ

Total Revenue
$240,279
Total Expenses
$215,535
Total Assets
$284,512
Net Assets
$273,802
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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
1992
Legal Domicile
NJ
Phone
7322831991
Tax Period
2024-05-01 to 2025-04-30

INDIAN BUSINESS ASSOCIATION INC, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2024. Expenses of $216K left a modest 10% surplus.

Mission

COMUNITY WORK

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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 $229,266
Program Service Revenue $0
Investment Income $11,013
Other Revenue $0
TOTAL REVENUE $240,279

Expense Breakdown

Grants Paid $2,151
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $215,440
Other Expenses $213,384
TOTAL EXPENSES $215,535

Year-over-Year Comparison

2024 2023 Change
Revenue $240,279 $251,590 0.0%
Expenses $215,535 $202,880 +0.1%
Net Income $24,744 $48,710 -0.5%
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
110
Independent Members
110
Employees
N/A
Volunteers
50

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANDRAKANT PATEL CHAIRMAN 15.00
Director
$0 $0 $0
MANHER SHAH VICE CHAIRMAN 10.00
Director
$0 $0 $0
MAHESH SHAH VICE CHAIRMAN 15.00
Director
$0 $0 $0
DHIREN AMIN PRESIDENT 20.00
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
2025 $240,279 $215,535 $284,512 $24,744
2024 $251,590 $202,880 $265,768 $48,710
2023 $233,878 $218,305 $220,056 $15,573
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