PROJECT PRAKASH FOUNDATION INC (EIN 271164796) - 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

PAWAN SINHA

Phone

6178235489

Tax Period

2024-01-01 to 2024-12-31

PROJECT PRAKASH FOUNDATION INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $267K in total revenue in fiscal year 2024. Revenue surged 173% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 25% operating margin.

Mission

PROJECT PRAKASH PROVIDES SURGERIES TO CHILDREN WITH CURABLE BLINDNESS

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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 $258,074

Program Service Revenue $0

Investment Income $9,228

Other Revenue $0

TOTAL REVENUE $267,302

Expense Breakdown

Grants Paid $140,889

Salaries & Benefits $36,518

Fundraising Expenses $1,896

Program Expenses $146,260

Other Expenses $24,339

TOTAL EXPENSES $201,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,302	$98,088	+1.7%
Expenses	$201,746	$231,663	-0.1%
Net Income	$65,556	$-133,575	-1.5%

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

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

$33,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAWAN SINHA	PRESIDENT	5.00	Officer Director	$0	$0	$0
AMY CHU	DIRECTOR, TR	1.00	Officer Director	$0	$0	$0
PAMELA LIPSON	DIRECTOR, CL	1.00	Officer Director	$0	$0	$0
LAURA FLUG	DIRECTOR	1.00	Director	$0	$0	$0
NEHA JAIN	PROGRAM MANA	30.00	Officer	$33,750	$0	$33,750

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	$267,302	$201,746	$689,390	$65,556
2023	$98,088	$231,663	$623,902	$-133,575
2022	$148,635	$61,802	$757,409	$86,833
2021	$111,936	$41,615	$670,576	$70,321
2020	$108,125	$52,995	$606,310	$55,130
2019	$192,916	$74,405	$569,882	$118,511

PROJECT PRAKASH FOUNDATION INC