INDO-US FOUNDATION

EIN: 363741068 501(c)(3) Human Services

HOFFMAN ESTATES, IL

Total Revenue
$719,572
Total Expenses
$666,019
Total Assets
$258,087
Net Assets
$243,412
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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
1990
Legal Domicile
IL
Principal Officer
DS PATEL
Phone
8477953000
Tax Period
2023-01-01 to 2023-12-31

INDO-US FOUNDATION, founded in 1990, is a small nonprofit in the Human Services sector that reported $720K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $666K left a modest 7% surplus.

Mission

THE FOUNDATION PROVIDES MEDICAL GRANTS AND EDUCATIONAL ASSISTANCE TO NEEDY GROUPS AND ORGANIZATIONS.

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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 $720,358
Program Service Revenue $0
Investment Income $-786
Other Revenue $0
TOTAL REVENUE $719,572

Expense Breakdown

Grants Paid $660,129
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $660,129
Other Expenses $5,890
TOTAL EXPENSES $666,019

Year-over-Year Comparison

2023 2022 Change
Revenue $719,572 $1,733,707 -0.6%
Expenses $666,019 $3,726,708 -0.8%
Net Income $53,553 $-1,993,001 -1.0%
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
3
Independent Members
3
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HDPATEL VICE-PRESIDE N/A
Director
$0 $0 $0
AVANI PATEL TREASURER/AS N/A
Director
$0 $0 $0
DS PATEL PRESIDENT N/A
Officer Director
$0 $0 $0
SAMIR D PATEL VICE-PRESIDE 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
2024 No data No data No data No data
2023 $719,572 $666,019 $258,087 $53,553
2022 $1,733,707 $3,726,708 $184,973 $-1,993,001
2021 $3,187,241 $3,342,906 $2,408,211 $-155,665
2020 $2,807,950 $3,206,298 $2,441,415 $-398,348
2019 $5,229,091 $2,883,656 $2,820,880 $2,345,435
2018 $451,087 $1,279,736 $283,329 $-828,649
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