IITKGP FOUNDATION (EIN 470747227) - 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

1991

Legal Domicile

Principal Officer

RAKESH GUPTA

Phone

4024034982

Tax Period

2023-01-01 to 2023-12-31

IITKGP FOUNDATION, founded in 1991, is a small nonprofit in the International Affairs sector that reported $861K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Net assets of $3.0M represent 42 months of operating reserves.

Mission

THE IITKGP FOUNDATION IS A NON-PROFIT ORGANIZATION DEVOTED TO ENHANCING THE CAPABILITY OF THE INDIAN INSTITUTE OF TECHNOLOGY, KHARAGPUR, 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 $794,941

Program Service Revenue $0

Investment Income $65,893

Other Revenue $280

TOTAL REVENUE $861,114

Expense Breakdown

Grants Paid $808,269

Salaries & Benefits $44,013

Fundraising Expenses $0

Program Expenses $808,269

Other Expenses $31,577

TOTAL EXPENSES $883,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,114	$2,650,060	-0.7%
Expenses	$883,859	$1,538,804	-0.4%
Net Income	$-22,745	$1,111,256	-1.0%

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
ASOKE DEYSARKAR	PRESIDENT	2	Officer Director	$0	$0	$0
RAKESH GUPTA	TREASURER	2	Officer Director	$0	$0	$0
ARJUN MALHOTRA	BOARD MEMBER	1	Director	$0	$0	$0
PARTHA S GHOSH	BOARD MEMBER	1	Director	$0	$0	$0
PRAFUL KULKARNI	BOARD MEMBER	1	Director	$0	$0	$0
RON GUPTA	BOARD MEMBER	1	Director	$0	$0	$0
SURESH NAIR	BOARD MEMBER	1	Director	$0	$0	$0
VINOD GUPTA	BOARD MEMBER	1	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	$861,114	$883,859	$3,025,893	$-22,745
2022	$2,650,060	$1,538,804	$2,975,671	$1,111,256
2021	$1,432,256	$878,504	$2,505,378	$553,752
2020	$946,954	$1,104,650	$1,603,566	$-157,696
2019	$1,160,364	$775,433	$1,772,775	$384,931
2018	$812,661	$687,216	$1,229,163	$125,445

IITKGP FOUNDATION