NIRAPON 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

2013

Legal Domicile

Principal Officer

KIMI WALKER

Phone

4163880223

Tax Period

2023-01-01 to 2023-12-31

NIRAPON INC, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 3% surplus.

Mission

NIRAPON'S MISSION IS TO CULTIVATE A SAFE WORKING ENVIRONMENT FOR BANGLADESH GARMENT FACTORIES, WORKERS, OWNERS AND MANAGERS BY SERVING AS THE LOCAL POINT OF CONTACT IN DHAKA FOR THE COLLECTIVE EFFORTS OF ITS MEMBER BRANDS. ITS MEMBER BRANDS ARE MADE UP OF NORTH AMERICAN BRANDS SOURCING FROM SUPPLIERS WITH READY-MADE-GARMENT FACTORIES IN BANGLADESH.

Program Service Accomplishments

Program 1

NIRAPON'S MISSION IS TO CULTIVATE A SAFE WORKING ENVIRONMENT FOR BANGLADESH GARMENT FACTORIES, WORKERS, OWNERS AND MANAGERS BY SERVING AS THE LOCAL POINT OF CONTACT IN DHAKA FOR THE COLLECTIVE...

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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 $0

Program Service Revenue $2,518,095

Investment Income $29,094

Other Revenue $0

TOTAL REVENUE $2,547,189

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,259,010

TOTAL EXPENSES $2,459,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,547,189	$1,708,873	+0.5%
Expenses	$2,459,010	$1,708,820	+0.4%
Net Income	$88,179	$53	+1662.8%

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

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

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMONE SULTANA	DIRECTOR	5.00	Director	$25,000	$0	$25,000
TAPAN CHOWDHURY	DIRECTOR	5.00	Director	$25,000	$0	$25,000
HEATHER CANNON	DIRECTOR	5.00	Director	$0	$0	$0
SRIDEVI KALAVAKOLANU	DIRECTOR	5.00	Director	$0	$0	$0
SARA STEFANSKI	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL FIBIGER	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$2,547,189	$2,459,010	$2,502,515	$88,179
2022	$1,708,873	$1,708,820	$2,414,336	$53
2021	$2,923,858	$1,646,886	$2,414,283	$1,276,972
2020	$1,840,021	$2,449,987	$1,137,311	$-609,966