INDO-AMERICAN ART & CULTURE SOCIETY (EIN 475519531) - 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

2016

Legal Domicile

Principal Officer

HARKISHAN PAREKH

Phone

8582716701

Tax Period

2023-07-01 to 2024-06-30

INDO-AMERICAN ART & CULTURE SOCIETY, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $46K exceeded revenue, resulting in a 2264% operating deficit.

Mission

TO PROMOTE INDIAN ART AND CULTURE

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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 $396

Program Service Revenue $0

Investment Income $1,541

Other Revenue $0

TOTAL REVENUE $1,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,601

Other Expenses $45,793

TOTAL EXPENSES $45,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,937	$15,944	-0.9%
Expenses	$45,793	$71,790	-0.4%
Net Income	$-43,856	$-55,846	-0.2%

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

N/A

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
HARKISHAN PAREKH	President	1.00	Director	$0	$0	$0
PURUSHOTAMAN POTTATHIL	Secretary	0.50	Director	$0	$0	$0
SANJAY PAREKH	CFO	0.50	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	$1,937	$45,793	$515,068	$-43,856
2023	$15,944	$71,790	$558,924	$-55,846
2022	$249,931	$377,622	$614,770	$-127,691
2021	$135,667	$206,461	$742,461	$-70,794
2020	$411,346	$175,971	$813,255	$235,375
2019	$328,659	$204,024	$577,880	$124,635

INDO-AMERICAN ART & CULTURE SOCIETY