AVASANT FOUNDATION (EIN 460691011) - 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

2012

Legal Domicile

Principal Officer

KEVIN PARIKH

Phone

3106433030

Tax Period

2023-01-01 to 2023-12-31

AVASANT FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $923K in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $678K, a strong 73% operating margin.

Mission

AVASANT FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. AVASANT FOUNDATION SHALL BE DEDICATED TO THE NEEDS OF CHILDREN WITH A FOCUS ON POVERTY REDUCTION, EDUCATION, AND EMPLOYMENT.

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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 $683,271

Program Service Revenue $16,060

Investment Income $0

Other Revenue $224,025

TOTAL REVENUE $923,356

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $1

Program Expenses $244,858

Other Expenses $205,102

TOTAL EXPENSES $245,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$923,356	$371,573	+1.5%
Expenses	$245,102	$331,116	-0.3%
Net Income	$678,254	$40,457	+15.8%

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
CHITRA RAJESHWARI	EXEC DIRECTOR	2.50	Officer Director	$0	$0	$0
KEVIN PARIKH	CHAIRMAN	2.50	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	No data	No data	No data	No data
2023	$923,356	$245,102	$1,209,479	$678,254
2022	$371,573	$331,116	$541,225	$40,457
2021	$373,127	$294,952	$490,768	$78,175
2020	$411,291	$219,798	$412,593	$191,493
2019	$218,199	$202,937	$221,100	$15,262
2018	$118,507	$207,767	$205,088	$-89,260

AVASANT FOUNDATION