KHALIS INC (EIN 462938976) - 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

2013

Legal Domicile

Principal Officer

PREBHDEV SINGH

Phone

9253609045

Tax Period

2024-01-01 to 2024-12-31

KHALIS INC, founded in 2013, is a small nonprofit in the Religion sector that reported $113K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $183K exceeded revenue, resulting in a 62% operating deficit.

Mission

SIKH MEDIA AND EDUCATIONAL RESOURCES, EDUCATION AND PROMOTION OF SIKH CULTURE

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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 $113,326

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,855

Fundraising Expenses $0

Program Expenses $183,417

Other Expenses $146,562

TOTAL EXPENSES $183,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,326	$91,035	+0.2%
Expenses	$183,417	$154,664	+0.2%
Net Income	$-70,091	$-63,629	+0.1%

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
PREBHDEV SINGH	CEO AND PRESIDENT	20.00	Officer Director	$0	$0	$0
BALWINDER KAUR	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MANJOT SINGH	BOARD MEMBER	15.00	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	$113,326	$183,417	$135,064	$-70,091
2023	$91,035	$154,664	$210,516	$-63,629
2022	$263,620	$125,792	$274,076	$137,828

KHALIS INC