IIT MADRAS FOUNDATION

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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

ANANDKUMAR R KANNURPATTI

Phone

4086570383

Tax Period

2023-01-01 to 2023-12-31

IIT MADRAS FOUNDATION, founded in 2014, is a community nonprofit in the Human Services sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 36% operating margin.

Mission

TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY MADRAS".

Program Service Accomplishments

Program 1

Expenses: $5,846,678

TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT INDIAN INSTITUTE OF TECHNOLOGY MADRAS INCLUDING THE FOLLOWING ACHIEVEMENTS FOR 2023:PROVIDED A NUMBER OF MCM SCHOLARSHIPS...

TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT INDIAN INSTITUTE OF TECHNOLOGY MADRAS INCLUDING THE FOLLOWING ACHIEVEMENTS FOR 2023:PROVIDED A NUMBER OF MCM SCHOLARSHIPS, FACULTY FELLOWSHIPS AND NAMED FACILITIES

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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 $8,898,124

Program Service Revenue $0

Investment Income $626,345

Other Revenue $0

TOTAL REVENUE $9,524,469

Expense Breakdown

Grants Paid $5,846,678

Salaries & Benefits $116,029

Fundraising Expenses $81,065

Program Expenses $5,846,678

Other Expenses $135,355

TOTAL EXPENSES $6,098,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,524,469	$4,160,031	+1.3%
Expenses	$6,098,062	$3,221,498	+0.9%
Net Income	$3,426,407	$938,533	+2.7%

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

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
KAMAL DUGGIRALA	CHAIRMAN	5.00	Director	$0	$0	$0
GIRISH MUCKAI	CEO	30.00	Officer Director	$0	$0	$0
ROHINI CHAKRAVARTHY	BOARD MEMBER	5.00	Director	$0	$0	$0
MADHAV DURBHA	BOARD MEMBER	5.00	Director	$0	$0	$0
RAGHU SUGAVANAM	BOARD MEMBER	5.00	Director	$0	$0	$0
RV GUHA	BOARD MEMBER	5.00	Director	$0	$0	$0
GDS RAMKUMAR	BOARD MEMBER	5.00	Director	$0	$0	$0
MARTI G SUBRAHMANYAM	BOARD MEMBER	5.00	Director	$0	$0	$0
RAGHU RENGASWAMY	BOARD MEMBER	5.00	Director	$0	$0	$0
MAHESH PANCHAGNULA	BOARD MEMBER	5.00	Director	$0	$0	$0
KANNAN GOVINDARAJAN	BOARD MEMBER	5.00	Director	$0	$0	$0
DURGA MALLADI	BOARD MEMBER	5.00	Director	$0	$0	$0
BALA IYER	BOARD MEMBER	5.00	Director	$0	$0	$0
DIWAKAR VISHAKHADATTA	Secretary	5.00	Officer	$0	$0	$0
GANESH BALAKRISHNAN	CFO	5.00	Officer	$0	$0	$0
SUNIL MENON	VP MARKETNG	5.00	Officer	$0	$0	$0
ANANDKUMAR R KANNURPATTI	COO	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$9,524,469	$6,098,062	$21,052,617	$3,426,407
2022	$4,160,031	$3,221,498	$15,519,151	$938,533
2021	$3,631,249	$3,305,463	$15,544,627	$325,786
2020	$5,670,906	$2,765,007	$14,046,157	$2,905,899
2019	$3,691,155	$2,024,219	$10,138,914	$1,666,936
2018	$4,101,447	$1,298,195	$7,740,893	$2,803,252