INDIA CULTURAL AND EDUCATION CENTE… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

RAVI BHOSALE

Phone

3523792911

Tax Period

2023-01-01 to 2023-12-31

INDIA CULTURAL AND EDUCATION CENTER INC, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 71% operating margin.

Mission

THE INDIA CULTURAL AND EDUCATIONAL CENTER INC (ICEC) WAS ESTABLISHED TO SUPPORT STUDENTS COMING TO THE UNITED STATES FOR HIGHER EDUCATION, PROMOTE AN UNDERSTANDING OF INDIAN CULTURE AND VALUES TO CHILDERN BORN TO IMMIGRANT FAMILIES, AND BRING EVENTS CELEBRATING INDIAN CULTURE, CUISINE, AND ARTS TO THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $21,329 Revenue: $12,400

THE ORGANIZATION HOSTS A VARIETY OF CULTURAL EVENTS THROUGHOUT THE YEAR. IN FEBRUARY, A VALENTINES DAY PROGRAM IS SCHEDULED FOR ALL COMMUNITY MEMBERS, PROMOTING INCLUSIVITY ACROSS DIVERSE...

THE ORGANIZATION HOSTS A VARIETY OF CULTURAL EVENTS THROUGHOUT THE YEAR. IN FEBRUARY, A VALENTINES DAY PROGRAM IS SCHEDULED FOR ALL COMMUNITY MEMBERS, PROMOTING INCLUSIVITY ACROSS DIVERSE BACKGROUNDS. IN MARCH AND APRIL, ICEC HOSTS INDIA FEST IN GAINESVILLE, FL, TO SHOWCASE INDIAN CULTURE AND CUISINE TO THE COMMUNITY. THIS EVENT ENGAGES THE YOUTH GROUP, COLLEGE STUDENTS, AND LOCAL RESIDENTS FROM GAINESVILLE AND SURROUNDING AREAS. THE YOUTH GROUP ALSO ORGANIZES A CULTURAL SHOW TO CELEBRATE INDIAS REPUBLIC DAY IN JANUARY AND INDEPENDENCE DAY IN AUGUST. IN MAY, THEY HOST A HIGH SCHOOL GRADUATION

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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 $44,086

Program Service Revenue $12,400

Investment Income $198,665

Other Revenue $0

TOTAL REVENUE $255,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,329

Other Expenses $73,769

TOTAL EXPENSES $73,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,151	$144,581	+0.8%
Expenses	$73,769	$69,127	+0.1%
Net Income	$181,382	$75,454	+1.4%

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

100

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
SHIWANI ARORA	DIRECTOR	1.00	Director	$0	$0	$0
SHAHEDA QUIYUMI	DIRECTOR	1.00	Director	$0	$0	$0
NEETA SAHNI	DIRECTOR	1.00	Director	$0	$0	$0
BHAVANI SANKAR	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA ROY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
NARAYANI BARVE	DIRECTOR	1.00	Director	$0	$0	$0
MANASI KAMAT	DIRECTOR	1.00	Director	$0	$0	$0
RAVI BHOSALE	PRESIDENT	8.00	Officer Director	$0	$0	$0
VIDYA JAIN	DIRECTOR	1.00	Director	$0	$0	$0
LALIT LALWANI	DIRECTOR	3.00	Director	$0	$0	$0
BRIJ MOUDGIL	DIRECTOR	1.00	Director	$0	$0	$0
LALITHA GANESH	TREASURER	4.00	Officer Director	$0	$0	$0
PALVI SHARMA	DIRECTOR	1.00	Director	$0	$0	$0
PRIYANKA VYAS	DIRECTOR	1.00	Director	$0	$0	$0
ANIL THOMAS	SECRETARY	3.00	Officer Director	$0	$0	$0
NEETA SRIRAM	DIRECTOR	1.00	Director	$0	$0	$0
SANJYOT BHUSARI	DIRECTOR	1.00	Director	$0	$0	$0
YOGESH DESHMUKH	DIRECTOR	1.00	Director	$0	$0	$0
ASHUTOSH SHUKLA	DIRECTOR	1.00	Director	$0	$0	$0
CHIRAYU PATEL	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$255,151	$73,769	$6,048,124	$181,382
2022	$144,581	$69,127	$5,752,981	$75,454
2021	$242,722	$40,907	$6,512,418	$201,815
2020	$238,509	$39,625	$6,099,119	$198,884
2019	$74,021	$65,988	$5,703,733	$8,033
2018	$40,186	$36,183	$5,059,344	$4,003

INDIA CULTURAL AND EDUCATION CENTER INC