FEDERATION OF INDIAN ASSOCIATIONS CHICAGO IL (EIN 274450278) - 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

SUNIL SHAH

Phone

8473094462

Tax Period

2024-01-01 to 2024-12-31

FEDERATION OF INDIAN ASSOCIATIONS CHICAGO IL, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2024. Expenses of $200K exceeded revenue, resulting in a 256% operating deficit.

Mission

ORGANIZATION SPONSORED EVENTS TO CELEBRATE INDIAN INDEPENDENCE, MOTHERS DAY AND CROSS CULTURAL EVENTS

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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 $196,857

Program Service Revenue $0

Investment Income $0

Other Revenue $-140,571

TOTAL REVENUE $56,286

Expense Breakdown

Grants Paid $9,023

Salaries & Benefits $0

Fundraising Expenses $2,000

Program Expenses $190,606

Other Expenses $191,380

TOTAL EXPENSES $200,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,286	N/A	N/A
Expenses	$200,403	N/A	N/A
Net Income	$-144,117	N/A	N/A

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
N/A	CHAIRMAN	010.00	Officer Director Key Emp	$0	$0	$0
ANU MALHOTRA	PRESIDENT	010.00	Officer Director Key Emp	$0	$0	$0
NEIL KHOT	VICE CHAIRMAN	002.00	Director Highest	$0	$0	$0
PRATIBHA JAIRATH	IMMEIDATE PAST PRESIDENT	002.00	Director	$0	$0	$0
VINITA GULBANI	PAST PRESIDENT	002.00	Director	$0	$0	$0
MUKESH SHAH	FOUNDING MEMBER	N/A	Director	$0	$0	$0
RITA SINGH	FOUNDING MEMBER	N/A	Director	$0	$0	$0
ALTAF BUKHARI	EXECUTIVE VP	001.00	Director	$0	$0	$0
RICHA CHAND	EXECUTIVE VP	001.00	Director	$0	$0	$0
CHANDANI DHURVI	EXECUTIVE VP	001.00	Director	$0	$0	$0
SONIA LUTHER	EXECUTIVE VP	001.00	Director	$0	$0	$0
VISHAL TALATI	VICE PRESIDENT	001.00	Director	$0	$0	$0
MIRIGESH KASIGLAM	VICE PRESIDENT	001.00	Director	$0	$0	$0
SUBBU IYER	VICE PRESIDENT	001.00	Director	$0	$0	$0
VIKAS KALWANI	VICE PRESIDENT	001.00	Director	$0	$0	$0
SWATI KUKIAN	VICE PRESIDENT	001.00	Director	$0	$0	$0
MANOJ RATHOD	VICE PRESIDENT	001.00	Director	$0	$0	$0
SURESH BODIWALA	TREASURER	001.00	Director	$0	$0	$0
PAYAL SHAH	JT TREASURER	001.00	Director	$0	$0	$0
NILABH DUBEY	GENERAL SECRETARY	001.00	Director	$0	$0	$0
FALGUNI SUKHAIDA	JT SECRETARY	001.00	Director	$0	$0	$0
KAMLESH KAPOOR	JT SECRETARY	001.00	Director	$0	$0	$0
DEEPALI SARAOGI	EXECUTIVE DIRECTOR	001.00	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
2024	$56,286	$200,403	$62,201	$-144,117

FEDERATION OF INDIAN ASSOCIATIONS CHICAGO IL