INDIAN AMERICAN MEDICAL ASSOCIATION ILLINOIS (EIN 363333867) - 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 Piyush Vyas

Tax Period

2023-01-01 to 2023-12-31

INDIAN AMERICAN MEDICAL ASSOCIATION ILLINOIS, founded in 1983, is a micro nonprofit that reported $24K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $47K exceeded revenue, resulting in a 98% operating deficit.

Mission

THE INDIAN AMERICAN MEDICAL ASSOCIATION IS A NON-PROFIT ORGANIZATION OF ILLINOIS PHYSICIANS OF INDIAN ORIGIN COMMITTED TO PROFESSIONAL EXCELLENCE IN QUALITY PATIENT CARE,EDUCATION AND COMMUNITY HEALTH CARE.

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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 $511

Program Service Revenue $20,079

Investment Income $3,544

Other Revenue $-227

TOTAL REVENUE $23,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,777

Other Expenses $47,411

TOTAL EXPENSES $47,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,907	$100,803	-0.8%
Expenses	$47,411	$94,850	-0.5%
Net Income	$-23,504	$5,953	-4.9%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR PIYUSH VYAS	PRESIDENT	005.00	Officer Director	$0	$0	$0
DR DILIP SHAH	SECRETARY	005.00	Officer Director	$0	$0	$0
DR RAJEEV KUMAR	TREASURER	005.00	Officer 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	No data	No data	No data	No data
2023	$23,907	$47,411	$320,939	$-23,504
2022	$100,803	$94,850	$347,787	$5,953
2021	$162,941	$89,120	$341,815	$73,821
2020	$18,746	$29,159	$318,988	$-10,413
2019	$45,925	$70,343	$278,408	$-24,418
2018	$84,266	$129,697	$302,826	$-45,431

INDIAN AMERICAN MEDICAL ASSOCIATION ILLINOIS