Indian American Medical Association IL Charitable Foundation inc (EIN 363910201) - 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

1993

Legal Domicile

Principal Officer

Rajesh Chotalia

Phone

7732758630

Tax Period

2024-01-01 to 2024-12-31

Indian American Medical Association IL Charitable Foundation inc, founded in 1993, is a small nonprofit that reported $541K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $189K, a strong 35% operating margin.

Mission

Provide free healthcare to the poor and uinsured

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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 (2024)

Revenue Breakdown

Contributions & Grants $342,962

Program Service Revenue $140,152

Investment Income $45,844

Other Revenue $12,298

TOTAL REVENUE $541,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,947

Fundraising Expenses $28,787

Program Expenses $189,137

Other Expenses $224,010

TOTAL EXPENSES $351,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$541,256	$647,948	-0.2%
Expenses	$351,957	$381,657	-0.1%
Net Income	$189,299	$266,291	-0.3%

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

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
Azazuddin Ahmed	Director	001.00	Director	$0	$0	$0
Roaveen Mehta	Medical Director	001.00	Officer Director	$0	$0	$0
Manish Brahabhatt	Director	001.00	Director	$0	$0	$0
Rajesh Chotalia	Treasurer	001.00	Officer Director	$0	$0	$0
Kishore Chugh	Director	001.00	Director	$0	$0	$0
Lalitha Darbha	Director	001.00	Director	$0	$0	$0
Nusrat Deen	Secretary	001.00	Officer Director	$0	$0	$0
Annita John	Director	001.00	Director	$0	$0	$0
Brij Malani	Director	001.00	Director	$0	$0	$0
Bharathi Swaminathan	Chairperson	001.00	Officer Director	$0	$0	$0
Sukanya Reddy	Director	001.00	Director	$0	$0	$0
Chris Zala	Director	001.00	Director	$0	$0	$0
Radhika Chimata	President	001.00	Officer Director	$0	$0	$0
Lhakpa Tsering	Past President	001.00	Director	$0	$0	$0
Suneela Harsoor	Past Chair	001.00	Director	$0	$0	$0
Leela Krottapalli	Director	001.00	Director	$0	$0	$0
Piyush Vyas	Director	001.00	Director	$0	$0	$0
Samir Shah	Director	001.00	Director	$0	$0	$0
Utpal Paekh	Director	001.00	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
2025	No data	No data	No data	No data
2024	$541,256	$351,957	$2,051,696	$189,299
2022	$-63,776	$305,764	$1,595,940	$-369,540
2022	$178,856	$198,424	$1,595,940	$-19,568
2021	$411,889	$280,824	$2,008,172	$131,065
2020	$305,083	$150,065	$1,867,090	$155,018
2020	$477,302	$211,817	$1,855,752	$265,485
2019	$351,068	$218,229	$1,569,752	$132,839
2018	$315,907	$231,000	$1,371,979	$84,907

Indian American Medical Association IL Charitable Foundation inc