VEERASHIVA SAMAJA OF NORTH AMERICA

EIN: 510245255 501(c)(3)

LAKE FOREST, IL

Total Revenue
$167,703
Total Expenses
$99,611
Total Assets
$1,078,941
Net Assets
$1,078,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MI
Tax Period
2023-01-01 to 2023-12-31

VEERASHIVA SAMAJA OF NORTH AMERICA, founded in 1980, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 41% operating margin.

Mission

THE VSNAS MISSION IS THE FOLLOWING: PRESERVE FOSTER VEERASHAIVISM (LINGAYATISM) IN THE NORTH AMERICA. TO IMPART LINGAYAT SPIRITUAL HERITAGE, ITS UNIVERALISTIC, RELIGIOUS AND DEMOCRATIC VALUES TO THE POSTERITY THROUGHT THE TEACHINGS OF BASAVANNA AND HIS CONTEMPORARIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $123,132
Program Service Revenue $0
Investment Income $44,571
Other Revenue $0
TOTAL REVENUE $167,703

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,611
Other Expenses $99,611
TOTAL EXPENSES $99,611

Year-over-Year Comparison

2023 2022 Change
Revenue $167,703 $139,038 +0.2%
Expenses $99,611 $97,910 +0.0%
Net Income $68,092 $41,128 +0.7%
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

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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
25
Independent Members
25
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NAGARATHNA TOTADA VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
NANDI NATARAJ SECRETARY 0.00
Officer Director
$0 $0 $0
HARISH HIREMATH PRESIDENT 10.00
Officer Director
$0 $0 $0
BHAVANI MOODABAGIL TREASURER 10.00
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
2024 No data No data No data No data
2023 $167,703 $99,611 $1,078,941 $68,092
2022 $139,038 $97,910 $959,844 $41,128
2021 $107,708 $44,837 $870,292 $62,871
2020 $92,461 $48,616 $807,421 $43,845
2019 $262,930 $204,369 $763,576 $58,561
2018 $153,085 $142,644 $705,015 $10,441
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