HARINAM FESTIVALS INC (EIN 742467558) - 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

1979

Principal Officer

MIKE ROTHSTEIN

Phone

3365587340

Tax Period

2024-01-01 to 2024-12-31

HARINAM FESTIVALS INC, founded in 1979, is a small nonprofit in the Recreation & Sports sector that reported $340K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 29% operating margin.

Mission

ACCOMPLISHED PURPOSES OF ORGANIZATION

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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 $331,778

Program Service Revenue $0

Investment Income $8,570

Other Revenue $0

TOTAL REVENUE $340,348

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $39,777

Fundraising Expenses $0

Program Expenses $221,361

Other Expenses $199,839

TOTAL EXPENSES $242,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,348	$259,937	+0.3%
Expenses	$242,116	$214,811	+0.1%
Net Income	$98,232	$45,126	+1.2%

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

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

$7,200

Total Directors

$7,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ROTHSTEIN	TREASURER	50.00	Officer Director	$7,200	$0	$7,200
VEDA GUHYA DAS	PRESIDENT	2.00	Director	$0	$0	$0
JOSHUA KNOX	DIRECTOR	2.00	Director	$0	$0	$0
PAUL LYNCH	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$340,348	$242,116	$273,015	$98,232
2023	$259,937	$214,811	$171,032	$45,126
2022	$281,635	$227,603	$125,012	$54,032
2021	$192,773	$228,072	$80,727	$-35,299
2020	$90,246	$140,952	$106,687	$-50,706
2019	$192,439	$170,343	$162,341	$22,096
2018	$143,823	$196,964	$139,314	$-53,141

HARINAM FESTIVALS INC