Indian American Impact (EIN 384054905) - 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

2017

Legal Domicile

Principal Officer

Deepak Raj

Phone

2026707604

Tax Period

2023-01-01 to 2023-12-31

Indian American Impact, founded in 2017, is a small nonprofit in the Civil Rights & Advocacy sector that reported $901K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $992K exceeded revenue, resulting in a 10% operating deficit.

Mission

To elevate the voices of Indian Americans, South Asians, and all historically excluded communities to ensure that every level of government reflects the diversity and value of the people it serves.

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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 (2023)

Revenue Breakdown

Contributions & Grants $900,583

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $900,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $730,099

Fundraising Expenses $239,647

Program Expenses $629,365

Other Expenses $261,815

TOTAL EXPENSES $991,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$900,583	$1,481,519	-0.4%
Expenses	$991,914	$1,070,323	-0.1%
Net Income	$-91,331	$411,196	-1.2%

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

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

$218,584

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raj Goyle	Chair resigned 12/23/23	1.00	Officer Director	$0	$0	$0
Deepak Raj	Treasurer	5.00	Officer Director	$0	$0	$0
Narendra Mulani	Director/ Chair 12/31/23	1.00	Director	$0	$0	$0
Hemant Goradia	Director	1.00	Director	$0	$0	$0
Raj Gupta	Director	1.00	Director	$0	$0	$0
Neil Makhija	Executive Director	28.00	Key Emp	$200,039	$18,545	$218,584
Sarah Shah	Director of Communit Engagement	10.00	Highest	$31,900	$5,104	$37,004
Prerana Nadig	Deputy Director of Development and Membership	21.00	Highest	$54,249	$11,469	$65,718

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	$900,583	$991,914	$741,490	$-91,331
2022	$1,481,519	$1,070,323	$803,412	$411,196
2021	$530,500	$471,534	$382,619	$58,966
2020	$326,070	$3,167	$322,903	$322,903

Indian American Impact