INDIAN MEDICAL ASSOCIATION OF NW IN (EIN 314130002) - 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

1983

Legal Domicile

Principal Officer

DR SANJAY RAIKAR

Phone

2194404462

Tax Period

2024-01-01 to 2024-12-31

INDIAN MEDICAL ASSOCIATION OF NW IN, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $259K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $134K, a strong 52% operating margin.

Mission

TO PROVIDE A FORUM FOR MEETING, SHARING AND FOSTERING PROFESSIONAL AND CULTURAL ADVANCEMENT TO ENRICH THE INDIAN COMMUNITY AT LARGE AND THE WHOLE SOCIETY OF NORTH AMERICA BY SUPPORTING EDUCATIONAL AND CHARITABLE CAUSES.

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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 $0

Program Service Revenue $223,891

Investment Income $35,531

Other Revenue $0

TOTAL REVENUE $259,422

Expense Breakdown

Grants Paid $8,835

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,246

Other Expenses $116,411

TOTAL EXPENSES $125,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,422	$329,470	-0.2%
Expenses	$125,246	$205,632	-0.4%
Net Income	$134,176	$123,838	+0.1%

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
DR BIKASH AGANWAL	TREASURER	N/A	Officer	$0	$0	$0
DR SANJAY RAIKAR	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	$259,422	$125,246	$1,490,858	$134,176
2022	$208,413	$197,496	$1,151,112	$10,917
2021	$283,225	$150,317	$1,357,355	$132,908

INDIAN MEDICAL ASSOCIATION OF NW IN