NEW AMERICANS INITIATIVE

EIN: 474895739 501(c)(3) Public & Societal Benefit

LOUISVILLE, KY

Total Revenue
$476,678
Total Expenses
$302,099
Total Assets
$236,252
Net Assets
$235,466
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
KY
Principal Officer
MAE SURAMEK
Phone
8593588435
Tax Period
2025-01-01 to 2025-12-31

NEW AMERICANS INITIATIVE, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $477K in total revenue in fiscal year 2025. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $175K, a strong 37% operating margin.

Mission

New Americans Initiative works to educate, engage, and empower our foreign-born communities in Kentucky. We focus on civic engagement, connecting immigrant and refugee communities with resources, and providing

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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 (2025)

Revenue Breakdown

Contributions & Grants $476,678
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $476,678

Expense Breakdown

Grants Paid $0
Salaries & Benefits $234,334
Fundraising Expenses $0
Program Expenses $189,125
Other Expenses $67,765
TOTAL EXPENSES $302,099

Year-over-Year Comparison

2025 2024 Change
Revenue $476,678 $207,754 +1.3%
Expenses $302,099 $233,800 +0.3%
Net Income $174,579 $-26,046 -7.7%
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

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Governance

Voting Members
4
Independent Members
4
Employees
4
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
1
$2,083
Total Directors
6
$102,083
Key Employees
1
$100,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIRUPAMA KULKARNI EXECUTIVE DIRECTOR 10.00
Officer Director
$2,083 $0 $2,083
ANGELIKA WEAVER CHAIR 2.00
Director
$0 $0 $0
DAN WU VICE CHAIR 2.00
Director
$0 $0 $0
MAE SURAMEK DIRECTOR OF OPERATIONS 40.00
Director Key Emp Highest
$100,000 $0 $100,000
ANDREW MUNOZ BOARD DEVELOPMENT 2.00
Director
$0 $0 $0
ANGELA SINGLA BOARD DEVELOPMENT 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
2025 $476,678 $302,099 $236,252 $174,579
2024 $207,754 $233,800 $60,886 $-26,046
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