GUJARATI SAMAJ INC

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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

1976

Legal Domicile

Principal Officer

BHARAT PATEL

Phone

3139711274

Tax Period

2024-01-01 to 2024-12-31

GUJARATI SAMAJ INC, founded in 1976, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $69K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 32% operating margin.

Mission

PRESERVE AND PROMOTE GUJARAT CULTURAL HERITAGE BY PROVIDING EXPOSURE AND OPPORTUNITY TO THE MEMBERSHIP

Program Service Accomplishments

Program 1

Expenses: $47,433

PRESERVE AND PROMOTE GUJARAT CULTURAL HERITAGE BY PROVIDING EXPOSURE AND OPPORTUNITY TO THE MEMBERSHIP

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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 $5,043

Program Service Revenue $37,533

Investment Income $26,793

Other Revenue $0

TOTAL REVENUE $69,369

Expense Breakdown

Grants Paid $1,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,433

Other Expenses $45,633

TOTAL EXPENSES $47,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,369	$39,235	+0.8%
Expenses	$47,433	$62,905	-0.2%
Net Income	$21,936	$-23,670	-1.9%

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

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
Ashok Thakkar	PRESIDENT	005.00	Director	$0	$0	$0
Ashok Thakkar	VICE PRESIDENT	004.00	Director	$0	$0	$0
Vinay Patel	TREASURAR	004.00	Director	$0	$0	$0
Rakeshkumar Patel	SECRETARY	004.00	Director	$0	$0	$0
Bharat Patel	BOT CHAIRPERSON	002.00	Director	$0	$0	$0
Jatin Desai	BOT VICE CHAIRPERSON	002.00	Director	$0	$0	$0
Vipul Patel	BOT SECRETARY	002.00	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	$69,369	$47,433	$647,717	$21,936
2023	$39,235	$62,905	$614,952	$-23,670
2022	$121,578	$128,619	$635,257	$-7,041
2021	$8,236	$20,037	$642,298	$-11,801
2020	$24,991	$8,218	$654,099	$16,773
2019	$98,145	$84,796	$637,326	$13,349
2018	$126,099	$114,366	$623,977	$11,733