SIKH SOCIETY OF MICHIGAN INC (EIN 237273095) - 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

1973

Legal Domicile

Principal Officer

CHARANJIT SINGH CHAWA

Phone

2485470927

Tax Period

2024-01-01 to 2024-12-31

SIKH SOCIETY OF MICHIGAN INC, founded in 1973, is a small nonprofit that reported $224K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $3.1M represent 168 months of operating reserves.

Mission

PROMOTE SIKH RELIGION

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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 $223,734

Program Service Revenue $0

Investment Income $560

Other Revenue $0

TOTAL REVENUE $224,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,079

Fundraising Expenses $0

Program Expenses $233,458

Other Expenses $192,379

TOTAL EXPENSES $233,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,294	$244,005	-0.1%
Expenses	$233,458	$256,010	-0.1%
Net Income	$-9,164	$-12,005	-0.2%

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

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASPAL SINGH BARN	TREASURER	N/A	Director	$0	$0	$0
CHARANJIT SINGH CHAWA	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMRIK SINGH	SECRETARY	N/A	Director	$0	$0	$0
HARVINDER SINGH	JOINT TREASU	N/A	Director	$0	$0	$0
JATINDER KAUR UPPAL	VICE PRESIDE	N/A	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	$224,294	$233,458	$3,583,231	$-9,164
2023	$244,005	$256,010	$3,628,300	$-12,005
2022	$217,353	$208,730	$3,674,203	$8,623
2021	$315,138	$210,021	$3,625,018	$105,117
2020	$177,006	$225,709	$3,535,681	$-48,703
2019	$211,811	$248,507	$3,609,765	$-36,696
2018	$195,855	$263,434	$3,675,223	$-67,579

SIKH SOCIETY OF MICHIGAN INC