IIT GANDHINAGAR FOUNDATION (EIN 270721459) - 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

2009

Legal Domicile

Principal Officer

JIGNESH PATEL

Phone

9254250598

Tax Period

2023-01-01 to 2023-12-31

IIT GANDHINAGAR FOUNDATION, founded in 2009, is a small nonprofit in the Education sector that reported $561K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $927K exceeded revenue, resulting in a 65% operating deficit.

Mission

To fund and promote education and research amongst students and faculty of the Indian Institute of Technology, Gandhinagar. The organization achieves its goals by providing financial and other resources.

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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 $555,810

Program Service Revenue $0

Investment Income $5,601

Other Revenue $0

TOTAL REVENUE $561,411

Expense Breakdown

Grants Paid $899,338

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $926,002

Other Expenses $27,381

TOTAL EXPENSES $926,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,411	$1,261,322	-0.6%
Expenses	$926,719	$933,977	0.0%
Net Income	$-365,308	$327,345	-2.1%

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

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
Jignesh Patel	President	2.00	Officer Director	$0	$0	$0
Arvind Jain	Member	2.00	Director	$0	$0	$0
Rounak Mehta	Treasurer	1.00	Officer Director	$0	$0	$0
Prabhakar Goel	Member	0.10	Director	$0	$0	$0
Rajesh Mashruwala	Member	1.00	Director	$0	$0	$0
Bhupendra Shah	Member	0.10	Director	$0	$0	$0
Luv Gupta	Secretary	1.00	Officer Director	$0	$0	$0
Hemant Kanakia	Member	0.10	Director	$0	$0	$0
Pratim Biswas	Member	0.10	Director	$0	$0	$0
Prerna Singh	Member	0.10	Director	$0	$0	$0
Ruyintan Mehta	Member	0.10	Director	$0	$0	$0
Yash Kotak	Member	0.10	Director	$0	$0	$0
BV Jagdeesh	Member	0.10	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$561,411	$926,719	$122,108	$-365,308
2022	$1,261,322	$933,977	$487,416	$327,345
2021	$911,377	$1,078,706	$160,072	$-167,329
2020	$1,316,430	$1,159,438	$327,401	$156,992
2019	$1,781,806	$1,854,960	$170,409	$-73,154

IIT GANDHINAGAR FOUNDATION