INDIA ASSOCIATION OF MINNESOTA

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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

TANWI PRIGGE

Phone

6513213421

Tax Period

2023-01-01 to 2023-12-31

INDIA ASSOCIATION OF MINNESOTA, founded in 1973, is a small nonprofit that reported $198K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $250K exceeded revenue, resulting in a 26% operating deficit.

Mission

PRESERVE AND EDUCATE THE CULTURAL HERITAGE OF INDIA

Program Service Accomplishments

Program 1

Expenses: $123,137

INDIAFEST IS THE CELEBRATION OF THE CULTURE AND HERITAGE OF INDIA, WITH OVER 20,000 VISITORS. FESTIVAL FEATURES GAMES, FOOD,AND CULTURAL PERFORMANCES BY CHILDREN AND LOCAL ARTISTS.

Program 2

EXPENSES FOR MULTIPLE PROGRAMS SUCH AS CONNECT ASIA, GOLF, STUDENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $197,088

Program Service Revenue $0

Investment Income $932

Other Revenue $0

TOTAL REVENUE $198,020

Expense Breakdown

Grants Paid $2,825

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,912

Other Expenses $247,270

TOTAL EXPENSES $250,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,020	$254,932	-0.2%
Expenses	$250,095	$217,933	+0.1%
Net Income	$-52,075	$36,999	-2.4%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

300

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
TANWI PRIGGE	PRESIDENT	10.00	Director	$0	$0	$0
MEENA BHARTI	VICE-PRESIDE	5.00	Director	$0	$0	$0
MANGALA ACHARYA	SECRETARY	5.00	Director	$0	$0	$0
MUKUND KULKARNI	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$198,020	$250,095	$69,954	$-52,075
2022	$254,932	$217,933	$122,029	$36,999
2021	$268,168	$267,340	$98,657	$828
2020	$191,357	$183,576	$90,054	$7,781
2019	$270,118	$282,266	$82,273	$-12,148
2018	$214,633	$203,946	$94,421	$10,687