GURNANI 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

2015

Legal Domicile

Principal Officer

ASHOK GURNANI

Phone

2013427753

Tax Period

2021-01-01 to 2021-12-31

GURNANI FOUNDATION, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $337K in total revenue in fiscal year 2021. Revenue surged 240% from the prior year, signaling strong growth momentum. The organization ran a surplus of $311K, a strong 92% operating margin.

Mission

THE FOUNDATION HAS BEEN ORGANIZED EXCLUSIVLY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, EDUCATIONAL AND LITERARY PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT AND PROVIDE SUPPORT FOR NEEDY INDIVIDUALS

Program Service Accomplishments

Program 1

THE ORGANIZATION WAS FORMED TO RAISE MONEY TO FINANCIALLY ASSIST MEDICAL PATIENTS AND UNDERPRIVILEGED INDIVIDUALS.

Program 2

N/A

Program 3

N/A

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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 (2021)

Revenue Breakdown

Contributions & Grants $335,000

Program Service Revenue $0

Investment Income $2,477

Other Revenue $0

TOTAL REVENUE $337,477

Expense Breakdown

Grants Paid $26,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,750

Other Expenses $178

TOTAL EXPENSES $26,928

Year-over-Year Comparison

	2021	2020	Change
Revenue	$337,477	$99,240	+2.4%
Expenses	$26,928	$6,059	+3.4%
Net Income	$310,549	$93,181	+2.3%

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
VEENA ASHOK GURNANI	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
TARAPRASAD ASHOK GURNANI	DIRECTOR	1.00	Director	$0	$0	$0
JOEL PARITZ	TREASURER	1.00	Director	$0	$0	$0
ASHOK GURNANI	PRESIDENT	2.00	Officer 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
2021	$337,477	$26,928	$805,980	$310,549
2020	$99,240	$6,059	$495,431	$93,181
2019	$251,156	$52	$402,249	$251,104