SHUBANJALI SCHOOL OF PERFORMING ARTS

EIN: 223803665 501(c)(3) Arts, Culture & Humanities

SCOTCH PLAINS, NJ

Total Revenue
$160,117
Total Expenses
$238,835
Total Assets
$944,326
Net Assets
$944,326
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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
2001
Legal Domicile
NJ
Principal Officer
SUBA PARMAR
Phone
7324236516
Tax Period
2025-01-01 to 2025-12-31

SHUBANJALI SCHOOL OF PERFORMING ARTS, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $160K in total revenue in fiscal year 2025. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 49% operating deficit.

Mission

PROMOTION OF INDIAN CULTURE THROUGH DANCE AND ARTS EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $235,292 Revenue: $132,285

INVITE RENOWNED DANCE ARTISTS FROM INDIA TO PERFORM GRADUATION CEREMONIES FOR THE DANCE GRADUATES;CEREMONIES ARE TYPICALLY HELD IN PUBLIC AUDITORIUMS AND RUN FOR THREE TO FOUR HOURS AND INCLUDE SOLO...

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INVITE RENOWNED DANCE ARTISTS FROM INDIA TO PERFORM GRADUATION CEREMONIES FOR THE DANCE GRADUATES;CEREMONIES ARE TYPICALLY HELD IN PUBLIC AUDITORIUMS AND RUN FOR THREE TO FOUR HOURS AND INCLUDE SOLO PERFORMANCES BY THE GRADUATE STUDENTS;ORGANIZATION ALSO PERFORMS COMMUNITY EVENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $20,722
Program Service Revenue $132,285
Investment Income $7,110
Other Revenue $0
TOTAL REVENUE $160,117

Expense Breakdown

Grants Paid $30,500
Salaries & Benefits $116,660
Fundraising Expenses $0
Program Expenses $235,292
Other Expenses $91,675
TOTAL EXPENSES $238,835

Year-over-Year Comparison

2025 2024 Change
Revenue $160,117 $201,262 -0.2%
Expenses $238,835 $272,677 -0.1%
Net Income $-78,718 $-71,415 +0.1%
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
3
Independent Members
3
Employees
2
Volunteers
N/A

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
3
$86,667
Total Directors
3
$86,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUBA PARMAR PRESIDENT 30.0
Officer Director
$86,667 $0 $86,667
SWARNA UDUPA SECRETARY 1.0
Officer Director
$0 $0 $0
GURU SUBRAMANIAN TREASURER 1.0
Officer 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 $160,117 $238,835 $944,326 $-78,718
2024 $201,262 $272,677 $1,023,044 $-71,415
2023 $269,769 $298,910 $1,094,459 $-29,141
2022 $118,477 $184,721 $1,129,210 $-66,244
2021 $172,208 $161,114 $1,191,944 $11,094
2020 $149,462 $98,328 $1,178,750 $51,134
2019 $981,327 $180,912 $1,127,616 $800,415
2018 $157,101 $138,759 $327,201 $18,342
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