HIMALAYAN ALLIANCE 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

2011

Legal Domicile

Principal Officer

THOMAS CORRELL

Phone

9528309600

Tax Period

2024-01-01 to 2024-12-31

HIMALAYAN ALLIANCE INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $148K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $185K exceeded revenue, resulting in a 25% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $104,050

STIPENDS TO 40+ NATIONAL VOLUNTEERS PROVIDING MATERIAL AID AND RELIGIOUS EDUCATION

Program 2

Expenses: $64,595

PROVIDE FOOD ASSISTANCE TO 100S OF NEEDY FAMILIES

Program 3

Expenses: $14,555

TO COVER THE COST OF DENTAL EXPENSES FOR SOMEONE FROM INDIA.

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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 $135,664

Program Service Revenue $0

Investment Income $12,788

Other Revenue $0

TOTAL REVENUE $148,452

Expense Breakdown

Grants Paid $183,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,200

Other Expenses $1,715

TOTAL EXPENSES $184,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,452	$204,903	-0.3%
Expenses	$184,915	$158,262	+0.2%
Net Income	$-36,463	$46,641	-1.8%

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

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
NATHAN OLSON	PRESIDENT	10.00	Officer	$0	$0	$0
THOMAS CORRELL	TREASURER	3.00	Officer	$0	$0	$0
MOLLY ERICKSON	SECRETARY	1.00	Officer	$0	$0	$0
CHIP HALBERT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LISA KAHLER	ACCOUNTANT	0.30	Officer	$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	$148,452	$184,915	$89,598	$-36,463
2023	$204,903	$158,262	$126,061	$46,641
2022	$150,899	$165,634	$79,420	$-14,735
2021	$209,703	$151,364	$94,149	$58,339