HOUSTON MAHARASHTRA MANDAL (EIN 760547258) - 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

1997

Legal Domicile

Principal Officer

Manjusha Jahagirdar Malegaonkar

Tax Period

2023-01-01 to 2023-12-31

HOUSTON MAHARASHTRA MANDAL, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $127K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $144K exceeded revenue, resulting in a 13% operating deficit.

Mission

Providing a platform for the Indian Diaspora from the Maharashtra state of India for social engagement as well as promotion and dissemenation of its language and culture.

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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 $30,810

Program Service Revenue $96,389

Investment Income $81

Other Revenue $0

TOTAL REVENUE $127,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,676

Other Expenses $144,456

TOTAL EXPENSES $144,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,280	$79,106	+0.6%
Expenses	$144,456	$81,720	+0.8%
Net Income	$-17,176	$-2,614	+5.6%

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

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
Amrut Athavale	Shala Principal	6.00	Director	$0	$0	$0
Kiran Ketkar	Director	2.00	Director	$0	$0	$0
Achala Bapat	Director	2.00	Director	$0	$0	$0
Nitin Gokhale	Cultural President	6.00	Director	$0	$0	$0
Samir Karandikar	Vastu President	2.00	Director	$0	$0	$0
Harshali Kulkarni	Director	2.00	Director	$0	$0	$0
Anjou Keller	Lead Director	5.00	Director	$0	$0	$0
Bhaghyashree Dixit	Director	2.00	Director	$0	$0	$0
Manjusha Jahagirdar Malegaonkar	Lead Treasurer	4.00	Officer 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	$127,280	$144,456	$733,500	$-17,176
2022	$79,106	$81,720	$732,828	$-2,614
2021	$37,347	$42,790	$724,672	$-5,443
2020	$52,137	$40,895	$720,622	$11,242
2019	$233,564	$126,973	$710,070	$106,591
2018	$107,641	$87,306	$602,789	$20,335

HOUSTON MAHARASHTRA MANDAL