Chhandam Institute of Kathak Dance (EIN 223895077) - 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

2002

Legal Domicile

Principal Officer

Meenakshi Verma-Agrawal

Phone

5089819091

Tax Period

2022-01-01 to 2022-12-31

Chhandam Institute of Kathak Dance, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $107K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $167K exceeded revenue, resulting in a 57% operating deficit.

Mission

Chhandika is dedicated to maintaining and contributing to the rich tradition of kathak dance, a classical storytelling art from North India. Chhandika offers classes for men, women, and children of all ages; enriches the community through performances and demonstrations; fosters personal growth and cultural exploration through its workshop and outreach 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 (2022)

Revenue Breakdown

Contributions & Grants $11,670

Program Service Revenue $94,190

Investment Income $678

Other Revenue $0

TOTAL REVENUE $106,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,344

Fundraising Expenses $0

Program Expenses $167,117

Other Expenses $98,773

TOTAL EXPENSES $167,117

Year-over-Year Comparison

	2022	2021	Change
Revenue	$106,538	$128,718	-0.2%
Expenses	$167,117	$100,559	+0.7%
Net Income	$-60,579	$28,159	-3.2%

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

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

$2,124

Total Directors

$63,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anjali Mitter Duva	President	5.00	Officer	$0	$0	$0
Gretchen Hayden-Ruckert	Artistic Director	40.00	Director	$63,333	$0	$63,333
George Ruckert	Director	1.00	Director	$0	$0	$0
Shefali Jain	Clerk	5.00	Officer	$0	$0	$0
Meenakshi Verma-Agrawal	Treasurer	2.00	Officer	$2,124	$0	$2,124

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	No data	No data	No data	No data
2022	$106,538	$167,117	$398,959	$-60,579
2021	$128,718	$100,559	$445,228	$28,159
2020	$165,127	$104,112	$414,825	$61,015
2019	$183,531	$141,745	$352,881	$41,786
2018	$202,534	$118,266	$314,605	$84,268

Chhandam Institute of Kathak Dance