INDIAN MUSIC SOCIETY OF HOUSTON

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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

2015

Legal Domicile

Principal Officer

GOVIND SHETTY

Phone

7137894653

Tax Period

2023-01-01 to 2023-12-31

INDIAN MUSIC SOCIETY OF HOUSTON, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $244K exceeded revenue, resulting in a 21% operating deficit.

Mission

PROMOTION OF INDIAN CULTURE AND CLASSICAL MUSIC

Program Service Accomplishments

Program 1

Expenses: $157,185 Revenue: $160,617

PROMOTION OF INDIAN CULTURE AND CLASSICAL MUSIC THROUGH LIVE TEACHING OF INDIAN CLASSICAL TABLA, RAGAS AND RHYTHMS

Program 2

Expenses: $79,069 Revenue: $34,336

PROMOTION OF INDIAN CLASSICAL MUSIC THROUGH PERFORMANCES BY ACCOMPLISHED CLASSICAL MUSICIANS

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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 $5,933

Program Service Revenue $194,753

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,108

Fundraising Expenses $0

Program Expenses $236,254

Other Expenses $86,703

TOTAL EXPENSES $243,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,686	$220,698	-0.1%
Expenses	$243,811	$210,799	+0.2%
Net Income	$-43,125	$9,899	-5.4%

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

Volunteers

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
SURESH B SHENOY	BOARD MEMBER	0.00	Director	$0	$0	$0
GOVIND SHETTY	PRESIDENT	0.00	Director	$0	$0	$0
MAHESH DESAI	TREASURER	0.00	Director	$0	$0	$0
USHA GANJU	BOARD MEMBER	0.00	Director	$0	$0	$0
SUNIL PANGARKAR	BOARD MEMBER	0.00	Director	$0	$0	$0
JASBIR SINGH	BOARD MEMBER	0.00	Director	$0	$0	$0
SHANTILAL SHAH	TABLA TEACHER	40.00	Highest	$145,904	$0	$145,904
VISHWANATH NARAYANMURTHY	BOARD MEMBER	0.00	Director	$0	$0	$0
GAURAV JHAVERI	SECRETARY	0.00	Director	$0	$0	$0
GAURAV JHAVERI	SECRETARY	0.00	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	$200,686	$243,811	$64,623	$-43,125
2022	$220,698	$210,799	$107,749	$9,899
2021	$188,432	$192,207	$118,650	$-3,775
2020	$224,275	$199,936	$120,167	$24,339
2019	$213,291	$200,741	$77,285	$12,550
2018	$253,986	$256,864	$63,464	$-2,878