SWAMINARAYAN WELFARE INC

EIN: 472516604 501(c)(3) Religion

MILLTOWN, NJ

Total Revenue
$839,960
Total Expenses
$817,533
Total Assets
$38,820
Net Assets
$38,820
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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
NJ
Principal Officer
PRAFUL PATEL
Phone
7329101193
Tax Period
2024-01-01 to 2024-12-31

SWAMINARAYAN WELFARE INC, founded in 2014, is a small nonprofit in the Religion sector that reported $840K in total revenue in fiscal year 2024.

Mission

TO BECOME CENTER FOR EXCELLENT HUMAN ADVANCEMENT. TO BUILD A HEALTY AND CIVILIZED SOCIETY THROGH HUMAN VALUES COMBINING PHYSICAL AS WELL AS SPIRITUAL DEVELOPMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $839,960
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $839,960

Expense Breakdown

Grants Paid $817,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $817,000
Other Expenses $533
TOTAL EXPENSES $817,533

Year-over-Year Comparison

2024 2023 Change
Revenue $839,960 $798,056 +0.1%
Expenses $817,533 $800,991 +0.0%
Net Income $22,427 $-2,935 -8.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRAFUL PATEL PRESIDENT/SECREATRY 25.00
Director
$0 $0 $0
PRAKASH CHAVDA TREASURER 2.00
Director
$0 $0 $0
JATIN PATEL VICE PRESIDENT 2.00
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 $839,960 $817,533 $38,820 $22,427
2023 $798,056 $800,991 $16,393 $-2,935
2022 $850,699 $837,090 $19,328 $13,609
2021 $581,012 $752,872 $1,618 $-171,860
2020 $395,755 $222,476 No data $173,279
2019 $214,402 $216,551 $196 $-2,149
2018 $243,076 $241,750 $2,041 $1,326
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