CHARUSAT EDUCATION FOUNDATION INC (EIN 463603014) - 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

2014

Legal Domicile

Principal Officer

VIREN PATEL

Phone

5058703015

Tax Period

2023-01-01 to 2023-12-31

CHARUSAT EDUCATION FOUNDATION INC, founded in 2014, is a small nonprofit in the Education sector that reported $499K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $623K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION RAISES FUNDS TO INCREASE EDUCATION AVALABILITY FOR POTENTIAL STUDENTS AND CURRENT STUDENTS OF EDUCATIONAL CAMPUS CHNAGA, A NON PROFIT COLLEGE IN INDIA

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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 $499,062

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $499,062

Expense Breakdown

Grants Paid $621,057

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $622,906

Other Expenses $1,849

TOTAL EXPENSES $622,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$499,062	$1,439,910	-0.7%
Expenses	$622,906	$1,570,366	-0.6%
Net Income	$-123,844	$-130,456	-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
N/A	DIRECTOR	0.00		$0	$0	$0
VIREN PATEL	PRESIDENT	1.00	Officer	$0	$0	$0
SANGITA PATEL	SECRETARY	0.00	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
2023	$499,062	$622,906	$100	$-123,844
2022	$1,439,910	$1,570,366	$123,944	$-130,456
2021	$713,268	$629,662	$254,400	$83,606
2020	$1,137,495	$1,074,422	$170,793	$63,073
2019	$471,933	$449,256	$107,719	$22,677
2018	$664,024	$579,022	$85,042	$85,002

CHARUSAT EDUCATION FOUNDATION INC