MAHARASHTRA MANDAL OF DETROIT

🔒

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

1985

Legal Domicile

Principal Officer

Sheetal Sonar

Tax Period

2023-01-01 to 2023-12-31

MAHARASHTRA MANDAL OF DETROIT, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $197K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum.

Mission

Cultural and Community activity

Program Service Accomplishments

Program 1

Expenses: $192,783

Cultural Festivals Conducting Cultural, Community bonding activites and Social Activities, Marathi Plays and Music Programs And National Convention held in Michigan

🔒

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 $45,869

Program Service Revenue $137,083

Investment Income $9,350

Other Revenue $4,883

TOTAL REVENUE $197,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $192,783

Other Expenses $192,783

TOTAL EXPENSES $192,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,185	$107,646	+0.8%
Expenses	$192,783	$128,392	+0.5%
Net Income	$4,402	$-20,746	-1.2%

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

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
Mansi Dahanukar	Vice-President	005.00	Officer Director	$0	$0	$0
Sheetal Sonar	President	005.00	Officer Director	$0	$0	$0
Seema Wadekar	Secretary	005.00	Officer Director	$0	$0	$0
Bharati Mehendale	Vice Chairman BOT	005.00	Officer Director	$0	$0	$0
Archana Somnay	Chairman BOT	006.00	Officer Director	$0	$0	$0
Manjiri Joshi	Secretary of BOT	005.00	Officer Director	$0	$0	$0
Manoj Patil	BOT and President 2022	005.00	Officer 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	$197,185	$192,783	$298,835	$4,402
2022	$107,646	$128,392	$310,909	$-20,746
2021	$71,646	$59,023	$343,017	$12,623
2020	$78,811	$24,410	$323,275	$54,401
2019	$119,833	$131,351	$266,995	$-11,518
2018	$117,357	$268,809	$278,513	$-151,452