NARA FOUNDATION GROUP (EIN 264619846) - 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

Principal Officer

PRAFUL PATEL

Phone

7149045740

Tax Period

2023-01-01 to 2023-12-31

NARA FOUNDATION GROUP is a small nonprofit in the Human Services sector that reported $157K in total revenue in fiscal year 2023. Expenses of $139K left a modest 12% surplus.

Mission

TO PROVIDE FOOD FOR HOMELESS, DONATE FUNDS TO OTHER NON PROFIT ORGANIZATIONS, PROVIDE EDUCATION, TRAINING TO SUPPORT THEMSELVES, SENIOR ASSISTANCE PROGRAMS-YOGA, MEDICATION AND NUTRITION. FROM TIME TO TIME, CONTRIBUTIONS ARE MADE FOR THE SPECIFIC PURPOSES OF CARRYING OUT CHARITABLE ACTIVITIES IN "INDIA" (A FOREIGN COUNTRY). THE ORGANIZATION "NARA FOUNDATION GROUP" WILL HAVE FULL CONTROL OF THE DONATED FUNDS AND DISCRETION AS TO ITS USE, SO AS TO ENSURE THAT THE FUNDS WILL BE USED TO CARRY OUT FOR NARA FOUNDATION GROUP'S PRIMARY FUNCTION AND EXEMPT PURPOSES. FURTHER, BOARD OF DIRECTORS WILL REVIEW PERIODIC ACCOUNTING TO ENSURE THAT FUNDS WERE EXPENDED FOR PURPOSES FOR WHICH THEY WERE APPROVED BY THE BOARD OF DIRECTORS.

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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 $156,921

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,065

Other Expenses $138,600

TOTAL EXPENSES $138,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,921	$153,304	+0.0%
Expenses	$138,600	$157,804	-0.1%
Net Income	$18,321	$-4,500	-5.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
PRAFUL PATEL	PRESIDENT	N/A	Officer	$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	$156,921	$138,600	$70,910	$18,321
2022	$153,304	$157,804	$43,514	$-4,500
2021	$204,417	$238,944	$48,014	$-34,527

NARA FOUNDATION GROUP