KHALSA CARE FOUNDATION (EIN 271176416) - 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

GURDIP S MALIK

Phone

8054025050

Tax Period

2024-01-01 to 2024-12-31

KHALSA CARE FOUNDATION, founded in 2009, is a small nonprofit in the Religion sector that reported $774K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $874K exceeded revenue, resulting in a 13% operating deficit.

Mission

COMMUNITY SERVICE AND RELEGIOUS TEACHINGS

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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 $773,734

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $773,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,139

Fundraising Expenses $0

Program Expenses $39,968

Other Expenses $717,314

TOTAL EXPENSES $874,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$773,734	$1,010,462	-0.2%
Expenses	$874,453	$791,440	+0.1%
Net Income	$-100,719	$219,022	-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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
GURDIP S MALIK	CEO	Officer Director	$0	$0	$0
SUKHI S SANDHU	CFO	Officer Director	$0	$0	$0
AMARPREET S MALIK	DIRECTOR	Director	$0	$0	$0
BHAJNEET S MALIK	DIRECTOR	Director	$0	$0	$0
HARVINDER SINGH	SECRETARY	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	$773,734	$874,453	$2,690,721	$-100,719
2023	$1,010,462	$791,440	$2,824,804	$219,022
2022	$629,156	$488,395	$2,650,323	$140,761
2021	$647,436	$433,168	$2,523,668	$214,268
2020	$788,961	$628,353	$2,437,324	$160,608
2018	$677,077	$667,271	$2,311,966	$9,806

KHALSA CARE FOUNDATION