PALM BEACH INDIA ASSOCIATION

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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

1999

Legal Domicile

Tax Period

2022-04-01 to 2023-03-31

PALM BEACH INDIA ASSOCIATION, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $6K in total revenue in fiscal year 2022.

Mission

TO PROMOTE INDIAN CULTURAL ACTIVITIES IN SOUTH FLORIDA AND PALM BEACH COUNTY

Program Service Accomplishments

Program 1

CELEBRATION OF INDIAN CULTURE BY PROMOTING ENTERTAINMENT ACTIVITIES IN PALMM BEACH COUNTY SUH AS INDIA DAY FEST A DAY LONG CELEBRATION OF MUSIC, FOOD, DANCING FROM THE INDIAN SUBCONTINENT SHARED BY...

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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 (2022)

Revenue Breakdown

Contributions & Grants $49,284

Program Service Revenue $0

Investment Income $0

Other Revenue $-55,378

TOTAL REVENUE $-6,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,339

TOTAL EXPENSES $8,339

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-6,094	N/A	N/A
Expenses	$8,339	$4,867	+0.7%
Net Income	$-14,433	$-4,867	+2.0%

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

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
GUNJUN PATEL	TREASURER	2.50	Officer	$0	$0	$0
AMISH PATEL	PRESIDENT	2.50	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
2023	$-6,094	$8,339	$169,345	$-14,433
2020	$-1,237	$6,212	$181,781	$-7,449
2019	$552	$5,735	$183,330	$-5,183
2018	$22,345	$11,981	$186,657	$10,364