KAVERI KANNADA ASSOCIATION INC

EIN: 237367337 501(c)(3)

Herndon, VA

Total Revenue
$54,180
Total Expenses
$65,851
Total Assets
$304,166
Net Assets
$304,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
VA
Principal Officer
Prathima Murthy
Phone
7033417339
Tax Period
2024-01-01 to 2024-12-31

KAVERI KANNADA ASSOCIATION INC, founded in 1972, is a micro nonprofit that reported $54K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 22% operating deficit.

Mission

Public charity organization to preserve and promote Kannada language and cultural heritage among the Kannada speaking people in the United States

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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 $54,180
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $54,180

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,851
Other Expenses $65,851
TOTAL EXPENSES $65,851

Year-over-Year Comparison

2024 2023 Change
Revenue $54,180 $108,407 -0.5%
Expenses $65,851 $107,897 -0.4%
Net Income $-11,671 $510 -23.9%
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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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
25

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
8
$0
Total Directors
5
$0
Key Employees
7
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Savitha Rao Member - Board of Trustees 5
Director
$0 $0 $0
Sudarshan Bhakthavatsala Member - Board of Trustees 5
Director
$0 $0 $0
Mahesh Mahadeva Member - Board of Trustees 5
Director
$0 $0 $0
Madesh Basavaraju Member - Board of Trustees 5
Director
$0 $0 $0
Savitha Rao Member - Board of Trustees 5
Director
$0 $0 $0
Sudarshana Bhaktavatsala President 5
Officer
$0 $0 $0
Rohini Banavar Vice President 5
Officer
$0 $0 $0
Jyothi Mandya Join Secretary 5
Officer
$0 $0 $0
Mohandas Venkobdas Secretary 5
Officer
$0 $0 $0
Srikanta Rao Treasurer 5
Officer
$0 $0 $0
Prathima Murthy Joint Treasurer 5
Officer
$0 $0 $0
Kiran Chinivar Executive Committee Member 5
Officer
$0 $0 $0
Srinivas Rao Youth Committee coordinator 5
Officer
$0 $0 $0
Sudhakar Saraswatipura Executive Committee Member - Auditor 5
Key Emp
$0 $0 $0
Srivathsa Joshi Memeber and Chair - Board of Trustees 5
Key Emp
$0 $0 $0
Jayashankar Executive Committee Member 5
Key Emp
$0 $0 $0
Sowmya Vinay Executive Committee Member 5
Key Emp
$0 $0 $0
Subbu Karanth Executive Committee Member 5
Key Emp
$0 $0 $0
Sunil Kottary Youth Committee coordinator 5
Key Emp
$0 $0 $0
Vinay Kalachar Executive Committee Member 5
Key Emp
$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 $54,180 $65,851 $304,166 $-11,671
2022 $507,603 $576,214 $225,433 $-68,611
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