Siksha Foundation Inc (EIN 451271224) - 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

2011

Legal Domicile

Principal Officer

Hemant Desai

Phone

9094375088

Tax Period

2023-01-01 to 2023-12-31

Siksha Foundation Inc, founded in 2011, is a small nonprofit in the International Affairs sector that reported $270K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 57 months of operating reserves.

Mission

To provide relief to the poor, distressed and underprivileged and to educate the public on subjects useful to the individual and beneficial to the community.

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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 $325,919

Program Service Revenue $0

Investment Income $-55,938

Other Revenue $0

TOTAL REVENUE $269,981

Expense Breakdown

Grants Paid $243,263

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,263

Other Expenses $23,960

TOTAL EXPENSES $267,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,981	$376,766	-0.3%
Expenses	$267,223	$545,121	-0.5%
Net Income	$2,758	$-168,355	-1.0%

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
Shyam Patel	President & CEO	10.00	Officer Director	$0	$0	$0
Neal A Patel	Director	2.00	Director	$0	$0	$0
Julie Stevard	Director	1.00	Director	$0	$0	$0
Shiv Patel	Secretary/CFO	10.00	Officer Director	$0	$0	$0
Hemant Desai	Chairman & CEO	25.00	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	$269,981	$267,223	$1,348,157	$2,758
2022	$376,766	$545,121	$1,335,735	$-168,355
2021	$1,286,513	$203,038	$1,336,754	$1,083,475
2020	$154,596	$81,835	$253,279	$72,761
2019	$541,793	$424,811	$180,518	$116,982
2018	$248,459	$256,777	$63,536	$-8,318

Siksha Foundation Inc