INDIA CULTURAL ASSOCIATION

EIN: 363073062 501(c)(3)

GRAYSLAKE, IL

Total Revenue
$790,686
Total Expenses
$464,034
Total Assets
$3,192,679
Net Assets
$2,715,612
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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
1981
Legal Domicile
IL
Phone
8474525564
Tax Period
2024-01-01 to 2024-12-31

INDIA CULTURAL ASSOCIATION, founded in 1981, is a small nonprofit that reported $791K in total revenue in fiscal year 2024. The organization ran a surplus of $327K, a strong 41% operating margin.

Mission

RELIGIOUS, CULTURAL AND EDUCATIONAL SERVICES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $451,484
Program Service Revenue $306,280
Investment Income $32,922
Other Revenue $0
TOTAL REVENUE $790,686

Expense Breakdown

Grants Paid $5,421
Salaries & Benefits $131,401
Fundraising Expenses $0
Program Expenses $34,772
Other Expenses $327,212
TOTAL EXPENSES $464,034

Year-over-Year Comparison

2024 2023 Change
Revenue $790,686 $769,602 +0.0%
Expenses $464,034 $472,688 0.0%
Net Income $326,652 $296,914 +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

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
16

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOUGESH DATT TREASURER 12.00
Officer Director
$0 $0 $0
MANOJ ADHIKARI PRESIDENT 12.00
Officer Director
$0 $0 $0
RAMAKRISHNAN MAHADEVAN SECRETARY 12.00
Officer Director
$0 $0 $0
ANKUR BHATIA DIRECTOR 4.00
Director
$0 $0 $0
VISHNU JINDAL DIRECTOR 4.00
Director
$0 $0 $0
GAYATHRI NARAYANAN DIRECTOR 4.00
Director
$0 $0 $0
KUNAL MEHTA DIRECTOR 4.00
Director
$0 $0 $0
SHAMMI DHALL DIRECTOR 4.00
Director
$0 $0 $0
HARSH KUMAR DIRECTOR 4.00
Director
$0 $0 $0
NEELAM SAINI DIRECTOR 4.00
Director
$0 $0 $0
PIYUSH VYAS DIRECTOR 4.00
Director
$0 $0 $0
RAJAN SONI VICE PRESIDENT 4.00
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 $790,686 $464,034 $3,192,679 $326,652
2023 $769,602 $474,119 $3,100,772 $295,483
2022 $630,910 $420,849 $3,099,506 $210,061
2021 $839,673 $376,292 $2,810,146 $463,381
2020 $351,701 $436,072 $2,957,150 $-84,371
2019 $546,834 $505,726 $2,947,991 $41,108
2018 $584,836 $543,195 $3,043,107 $41,641
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