MICHIGAN ASSOC OF PHYSICIANS OF INDIAN HERITAGE (EIN 382137329) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

PRAKASH SANGHVI

Phone

2483276748

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN ASSOC OF PHYSICIANS OF INDIAN HERITAGE, founded in 1991, is a micro nonprofit that reported $43K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $71K exceeded revenue, resulting in a 68% operating deficit.

Mission

EDUCATIONAL, PRIMARILY IN THE FIELD OF MEDICINE AND CHARITABLE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,380

Program Service Revenue $14,100

Investment Income $13,075

Other Revenue $-1,026

TOTAL REVENUE $42,529

Expense Breakdown

Grants Paid $12,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,450

Other Expenses $59,124

TOTAL EXPENSES $71,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,529	$25,210	+0.7%
Expenses	$71,324	$65,009	+0.1%
Net Income	$-28,795	$-39,799	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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
PRAKASH SANGHVI	PRESIDENT	N/A	Director	$0	$0	$0
ARTI MADHAVAN	PRESIDENT EL	N/A	Director	$0	$0	$0
RAJINDER GREWAL	SECRETARY	N/A	Director	$0	$0	$0
KALYANA RAMAMURTHI	TREASURER	N/A	Director	$0	$0	$0
HARMESH NAIK	PAST PRESIDE	N/A	Director	$0	$0	$0
KIRIT SHAH	BOARD OF TRU	N/A	Director	$0	$0	$0
ABHISHEK SWAMI	BOARD OF TRU	N/A	Director	$0	$0	$0
ANIL KUMAR	BOARD OF TRU	N/A	Director	$0	$0	$0
VIJAY PATEL	BOARD OF DIR	N/A	Director	$0	$0	$0
NIDHI SHISHU	BOARD OF DIR	N/A	Director	$0	$0	$0
SUNALI TAMHANEY	BOARD OF DIR	N/A	Director	$0	$0	$0
DIPAK SHAH	BOARD OF DIR	N/A	Director	$0	$0	$0
RAJAT PRAKASH	BOARD OF DIR	N/A	Director	$0	$0	$0
ROSHNI SHAH	BOARD OF DIR	N/A	Director	$0	$0	$0
MEHUL PATEL	BOARD OF DIR	N/A	Director	$0	$0	$0
MUKESH LATHIA	BOARD OF DIR	N/A	Director	$0	$0	$0
ANIL GOEL	BOARD OF DIR	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	$42,529	$71,324	$589,151	$-28,795
2022	$25,210	$65,009	$617,946	$-39,799
2021	$66,523	$45,596	$697,438	$20,927
2020	$37,532	$25,344	$676,511	$12,188
2019	$56,121	$59,087	$664,355	$-2,966
2018	$19,993	$65,579	$667,321	$-45,586

MICHIGAN ASSOC OF PHYSICIANS OF INDIAN HERITAGE