INDO-AMERICAN CENTER

EIN: 363689665 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$2,250,308
Total Expenses
$2,305,633
Total Assets
$1,253,469
Net Assets
$1,010,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
IL
Principal Officer
TEJAS SHAH JD
Phone
7739734444
Tax Period
2023-07-01 to 2024-06-30

INDO-AMERICAN CENTER, founded in 1989, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE INDO AMERICAN CENTER (IAC) CREATES AND PROVIDES SERVICES THAT FACILITATE SOUTH ASIAN IMMIGRANT ADJUSTMENT, SOCIO-ECONOMIC WELLBEING, AND COMMUNITY THROUGH DIRECT SERVICE, EDUCATION AND ADVOCACY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,038,449
Program Service Revenue $8,466
Investment Income $0
Other Revenue $203,393
TOTAL REVENUE $2,250,308

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,597,286
Fundraising Expenses $84,073
Program Expenses $1,666,410
Other Expenses $708,347
TOTAL EXPENSES $2,305,633

Year-over-Year Comparison

2023 2022 Change
Revenue $2,250,308 $2,055,230 +0.1%
Expenses $2,305,633 $1,989,453 +0.2%
Net Income $-55,325 $65,777 -1.8%
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
14
Independent Members
14
Employees
52
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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RISHI AGRAWAL DIRECTOR N/A
Officer Director
$0 $0 $0
SYED AHMED DIRECTOR N/A
Director
$0 $0 $0
KRUTEE BAROT DIRECTOR N/A
Director
$0 $0 $0
DR MONDIRA BHATTACHARYA DIRECTOR N/A
Director
$0 $0 $0
ANIL D'SOUZA DIRECTOR N/A
Director
$0 $0 $0
MR RANJIT GANGULY DIRECTOR N/A
Director
$0 $0 $0
ASHREF HASHIM DIRECTOR N/A
Director
$0 $0 $0
SYED HUSSAINI DIRECTOR N/A
Officer Director
$0 $0 $0
TEJAS SHAH JD PRESIDENT N/A
Officer Director
$0 $0 $0
BASANTI SEN BANERJI MD DIRECTOR N/A
Director
$0 $0 $0
MR DEEPAK KAPOOR MD SECRETARY N/A
Director
$0 $0 $0
MORLIE PATEL DIRECTOR N/A
Director
$0 $0 $0
MR RALPH NICHOLAS PHD DIRECTOR N/A
Director
$0 $0 $0
SUNIL SANGHVI DIRECTOR N/A
Director
$0 $0 $0
SOMA SENGUPTA DIRECTOR N/A
Director
$0 $0 $0
ROHIT VISHNOI TREASURER N/A
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
2025 No data No data No data No data
2024 $2,250,308 $2,305,633 $1,253,469 $-55,325
2023 $2,055,230 $1,989,453 $1,253,908 $65,777
2022 $1,609,136 $1,319,145 $1,113,238 $289,991
2021 $1,258,521 $1,143,114 $803,855 $115,407
2020 $859,804 $977,255 $870,986 $-117,451
2019 $885,858 $894,511 $758,184 $-8,653
2018 $842,842 $713,794 $766,259 $129,048
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