Sankara Nethralaya OM Trust Inc

EIN: 521611548 501(c)(3) Education

Derwood, MD

Total Revenue
$1,373,849
Total Expenses
$1,435,778
Total Assets
$351,722
Net Assets
$333,193
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MD
Tax Period
2023-01-01 to 2023-12-31

Sankara Nethralaya OM Trust Inc, founded in 1988, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO RAISE FUNDS IN USA FROM THE GENERAL PUBLIC AND TRANSFER TO MEDICAL RESEARCH FOUNDATION IN CHENNAI, INDIA FOR PROVIDING FREE EYECARE INCLUDING CATARACT AND MAJOR SURGERIES TO INDIGENT PATIENTS.

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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 $1,363,302
Program Service Revenue $0
Investment Income $10,547
Other Revenue $0
TOTAL REVENUE $1,373,849

Expense Breakdown

Grants Paid $1,344,000
Salaries & Benefits $0
Fundraising Expenses $60,677
Program Expenses $1,344,000
Other Expenses $31,101
TOTAL EXPENSES $1,435,778

Year-over-Year Comparison

2023 2022 Change
Revenue $1,373,849 $1,174,256 +0.2%
Expenses $1,435,778 $1,131,546 +0.3%
Net Income $-61,929 $42,710 -2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
33
Independent Members
33
Employees
N/A
Volunteers
50

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
6
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Suresh Vemulamada Trustee 1.00
Director
$0 $0 $0
Madhuri Namuduri Trustee 2.00
Director
$0 $0 $0
Ramkumar Yadavalli Trustee 1.00
Director
$0 $0 $0
Sridhar Rao Julapally Trustee 1.00
Director
$0 $0 $0
Jagannath Vedula Trustee 3.00
Director
$0 $0 $0
Vinod Parna Trustee 3.00
Director
$0 $0 $0
Raju Pusapati Trustee 2.00
Director
$0 $0 $0
Narayan Reddy Indurti Trustee 3.00
Director
$0 $0 $0
Kishore Chivukula Trustee 0.00
Director
$0 $0 $0
Venu Dasigi Trustee 1.00
Director
$0 $0 $0
Pavan Naremreddy Trustee 0.00
Director
$0 $0 $0
Mallik Banda Trustee 0.00
Director
$0 $0 $0
Priya Korrapati Trustee 1.00
Director
$0 $0 $0
Prathima Kodali Trustee 1.00
Director
$0 $0 $0
Meenal Sinha Trustee 1.00
Director
$0 $0 $0
Hari Bandla Trustee 1.00
Director
$0 $0 $0
Sowmiya J Narayanan Trustee 1.00
Director
$0 $0 $0
Srini Reddy Vangimalla Trustee 1.00
Director
$0 $0 $0
Krishna Raj Bhatt Trustee 1.00
Director
$0 $0 $0
Acharya S V President Emeritus 2.00
Director
$0 $0 $0
Venkatraman K G Past President 1.00
Director
$0 $0 $0
Rajasekhar Reddy Aila Trustee 2.00
Director
$0 $0 $0
Neelima Gaddamanugu Trustee 2.00
Director
$0 $0 $0
Upendra Rachupally Trustee 2.00
Director
$0 $0 $0
Sridhar Reddy Thikkavarapu Trustee 2.00
Director
$0 $0 $0
Meher Chand Lanka Trustee 1.00
Director
$0 $0 $0
Moorthy Rekapalli Vice President 10.00
Officer
$0 $0 $0
Bala Reddy Indruti President 30.00
Officer
$0 $0 $0
Shyam Appali Secretary 15.00
Officer
$0 $0 $0
Soma Jagadeesh Pethakamsetti Joint Treasurer 2.00
Officer
$0 $0 $0
Vamsi Krishna Eruvaram Joint Secretary 4.00
Officer
$0 $0 $0
Banumati Ramkrishnan Trustee 15.00
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 No data No data No data No data
2023 $1,373,849 $1,435,778 $351,722 $-61,929
2022 $1,174,256 $1,131,546 $398,636 $42,710
2021 $1,341,375 $1,234,875 $355,371 $106,500
2021 $1,341,375 $1,234,875 $355,371 $106,500
2020 $803,310 $720,293 $247,025 $83,017
2019 $1,027,092 $1,067,324 $166,346 $-40,232
2018 $1,036,883 $1,098,296 $205,015 $-61,413
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