MAHARASHTRA MANDAL CHICAGO (EIN 510174207) - 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

1976

Legal Domicile

Phone

2246221261

Tax Period

2024-01-01 to 2024-12-31

MAHARASHTRA MANDAL CHICAGO, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $159K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $139K left a modest 13% surplus.

Mission

PROVIDE THE CULTURAL SUPPORT TO ALL MAHARASHTRIAN PEOPLE NOW IN USA, WITH ROOTS IN MAHARASHTRA

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $144,790

Investment Income $5,258

Other Revenue $9,449

TOTAL REVENUE $159,497

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,240

Other Expenses $138,740

TOTAL EXPENSES $139,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,497	$287,030	-0.4%
Expenses	$139,240	$272,755	-0.5%
Net Income	$20,257	$14,275	+0.4%

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

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
SAMEER BONGALE	PRESIDENT	1.00	Officer	$0	$0	$0
NAMEETA VEDAK	VICE PRESIDENT	1.00	Officer	$0	$0	$0
SURESH HATKAR	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CHAITANYA AGASHE	TREASURER	1.00	Officer	$0	$0	$0
MANOJ JOSH	SECRETARY	1.00	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
2024	$159,497	$139,240	$258,607	$20,257
2023	$287,030	$272,755	$238,350	$14,275
2022	$165,391	$154,210	$224,075	$11,181
2021	$66,047	$53,957	$212,894	$12,090
2020	$63,420	$49,922	$200,804	$13,498
2019	$259,375	$257,410	$187,306	$1,965

MAHARASHTRA MANDAL CHICAGO