NALANDA EDUCATIONAL AND CHARITABLE FOUNDATION

EIN: 461090595 501(c)(3) Education

DES PLAINES, IL

Total Revenue
$11,616
Total Expenses
$26,528
Total Assets
$26,838
Net Assets
$26,838
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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
2019
Legal Domicile
IL
Principal Officer
PRADEEP B SHUKLA
Phone
8473759763
Tax Period
2024-01-01 to 2024-12-31

NALANDA EDUCATIONAL AND CHARITABLE FOUNDATION, founded in 2019, is a micro nonprofit in the Education sector that reported $12K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $27K exceeded revenue, resulting in a 128% operating deficit.

Mission

Our mission is to be recognized as leading resource for education to the deserving scholars of tomorrow. We help deserving candidates by supplying books, paying fees and assisting in other educational matters.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,000
Investment Income $1,616
Other Revenue $0
TOTAL REVENUE $11,616

Expense Breakdown

Grants Paid $20,291
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,237
TOTAL EXPENSES $26,528

Year-over-Year Comparison

2024 2023 Change
Revenue $11,616 $9,169 +0.3%
Expenses $26,528 $39,472 -0.3%
Net Income $-14,912 $-30,303 -0.5%
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

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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRADEEP B SHUKLA PRESIDENT 010.00
Director
$0 $0 $0
HARSHA P SHUKLA DIRECTOR 005.00
Director
$0 $0 $0
ANUP P SHUKLA DIRECTOR 002.00
Director
$0 $0 $0
TULSI SHETH DIRECTOR 002.00
Director
$0 $0 $0
RAJESH PATEL DIRECTOR 002.00
Director
$0 $0 $0
KANTIBHAI N PATEL DIRECTOR 001.00
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 $11,616 $26,528 $26,838 $-14,912
2023 $9,169 $39,472 $41,750 $-30,303
2022 $8,542 $18,804 $72,053 $-10,262
2021 $18,756 $22,016 $82,315 $-3,260
2020 $12,580 $87,101 $85,575 $-74,521
2019 $587,241 $432,505 $160,096 $154,736
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