PUNJABI CULTURAL SOCIETY OF CHICAGO (EIN 371321120) - 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

1997

Legal Domicile

Principal Officer

MANJEET SINGH BHALLA

Phone

8473595727

Tax Period

2024-01-01 to 2024-12-31

PUNJABI CULTURAL SOCIETY OF CHICAGO, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 4876% from the prior year — a significant decline worth monitoring.

Mission

The Punjabi Cultural Society of Chicago is a not-for-profit community service organization devoted to promoting healthy life style and sports, education, good citizenship, Punjabi culture, language and performing arts in the metropolitan Chicago area and beyond.

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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 $30,234

Program Service Revenue $45,352

Investment Income $-3,993,499

Other Revenue $0

TOTAL REVENUE $-3,917,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,767

Other Expenses $70,378

TOTAL EXPENSES $70,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-3,917,913	$82,034	-48.8%
Expenses	$70,378	$80,899	-0.1%
Net Income	$-3,988,291	$1,135	-3514.9%

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

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
JIGERDEEP SINGH DHILLON	INTR-COMM DIR	3.00	Director	$0	$0	$0
PARAMVIR KAUR	YOUTH DIRECTOR	3.00	Director	$0	$0	$0
TEJVEER SINGH SOODAN	PROJECTS DIR	3.00	Director	$0	$0	$0
NAVTEJ SINGH SOHI	Vice President	3.00	Director	$0	$0	$0
MANJEET SINGH BHALLA	President	3.00	Director	$0	$0	$0
BIKRAM SINGH SOHI	SPORTS DIR	3.00	Director	$0	$0	$0
GURLAL SINGH BHATTAL	FINANCE SECRE	3.00	Director	$0	$0	$0
PARMJOT SINGH PARMAR	EXEC SECRETARY	3.00	Director	$0	$0	$0
GURPREET SINGH SIDHU	AST FIN IT DIR	3.00	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	$-3,917,913	$70,378	$987,872	$-3,988,291
2023	$82,034	$80,899	$4,976,163	$1,135
2022	$72,040	$77,288	$4,975,028	$-5,248
2020	$16,310	$33,055	$4,981,435	$-16,745
2019	$-9,647,826	$111,512	$4,998,180	$-9,759,338

PUNJABI CULTURAL SOCIETY OF CHICAGO