AVASANT FOUNDATION

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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'S MISSION IS TO IMPROVE LIVES AND COMMUNITIES BY EMPOWERING YOUTH AND WOMEN IN EMERGING ECONOMIES THROUGH EDUCATION, EMPLOYMENT AND ENTREPRENEURSHIP. THE FOUNDATION'S IMPACT IS ALIGNED TO THE SUSTAINABLE DEVELOPMENT GOALS, #1, #4, #5, #8, #10 AND #17.

Program Service Accomplishments

Program 1

Expenses: $244,858

OVERALL ACHIEVEMENTS IN 2023:OVER 52,000 LIVES IMPACTED2700+ CANDIDATES GRADUATED DIRECTLY FROM THE AVASANT DIGITAL SKILLS AND ENTREPRENEURS TRAINING PROGRAMSOVER 100+ LEADING EMPLOYERS SUPPORT THE IMPACT OF THE TRAINING BY HIRING OUR GRADUATES60 + PARTNERSHIPS WITH EDUCATIONAL AND PRIVATE AND PUBLIC SECTOR90-95% SUCCESS RATE OF JOB HIRES FOR GRADUATES WITHIN 3 MONTHS OF GRADUATION100% DIVERSITY AND INCLUSION, WITH OVER 65% FEMALE PARTICIPATION

Program 2

IN 2023:GUYANA: IN PARTNERSHIP WITH INTER-AMERICAN DEVELOPMENT BANK LAB, AND THE UNIVERSITY OF GUYANA THE AVASANT DIGITAL SKILLS TRAINING PROGRAM GRADUATED THE FOLLOWING:DIGITAL SKILLS 105, DIGITAL ENTREPRENEURSHIP 62, ADVANCED DIGITAL SKILLS AI/ML 59, PILOT WITH HIGH SCHOOL STUDENTS 30THE BAHAMAS: IN PARTNERSHIP WITH THE INTER-AMERICAN DEVELOPMENT BANK, LAB AND THE UNIVERSITY OF THE BAHAMAS THE AVASANT DIGITAL SKILLS TRAINING PROGRAM GRADUATED 170IN USA REGION AVASANT DIGITAL SKILLS OFFERED A PILOT FOR 15 AND TYE ENTREPRENEUR PROGRAM SUPPORTING YOUNG ENTREPRENEURS

Program 3

AVASANT FOUNDATION SUPPORTED STEM AND ENTREPRENEURSHIP EDUCATION FOR DISADVANTAGED YOUTH IN THE UNITED STATES AS WELL AS OTHER INITIATIVES IN PARTNERSHIP WITH NON-PROFIT ORGANIZATIONS.

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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