BENGALI ASSOCIATION OF GREATER CHICAGO (EIN 362898754) - 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

1976

Legal Domicile

Principal Officer

DEBASIS CHATTERJEE

Tax Period

2023-01-01 to 2023-12-31

BENGALI ASSOCIATION OF GREATER CHICAGO, founded in 1976, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $622K, a strong 56% operating margin.

Mission

BENGALI ASSOCIATION OF GREATER CHICAGO IS AN ORGANIZATION OF THE PEOPLE OFASIAN INDIAN ORIGIN, LIVING IN THE UNITED STATES WITH A COMMON PURPOSE TOPROMOTE AND SUSTAIN RELIGIOUS, CHARITABLE, EDUCATIONAL AND LITERARYACTIVITIES ON BEHALF OF BENGALI COMMUNITY

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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 $336,193

Program Service Revenue $749,738

Investment Income $0

Other Revenue $33,264

TOTAL REVENUE $1,119,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $455,977

Other Expenses $497,384

TOTAL EXPENSES $497,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,119,195	$610,786	+0.8%
Expenses	$497,384	$395,853	+0.3%
Net Income	$621,811	$214,933	+1.9%

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	Role	Reportable Comp	Other Comp	Total
MALA PALIT	BANA BHAVAN CHAIRPERSON	Officer	$0	$0	$0
MALIKA SARKAR	SECRETARY	Officer	$0	$0	$0
SRIRAM SITARAMAN	NABC-PRESIDENT	Officer	$0	$0	$0
DEBASIS CHATTERJEE	PRESIDENT	Officer	$0	$0	$0
AMITABH BISWAS	VICE PRESIDENT	Officer	$0	$0	$0
SAUGATA MANDAL	TREASURER	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	No data	No data	No data	No data
2023	$1,119,195	$497,384	$1,653,500	$621,811
2022	$610,786	$395,853	$1,033,925	$214,933
2021	$381,772	$374,535	$818,992	$7,237
2020	$148,268	$162,093	$819,410	$-13,825
2019	$501,190	$457,495	$727,745	$43,695
2018	$311,565	$348,223	$681,549	$-36,658

BENGALI ASSOCIATION OF GREATER CHICAGO