Shadhika Project

EIN: 770344785 501(c)(3)

Denver, CO

Total Revenue
$88,358
Total Expenses
$450,531
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Principal Officer
Shaheen Lokhandwala
Tax Period
2025-01-01 to 2025-11-30

Shadhika Project, founded in 1992, is a micro nonprofit that reported $88K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $451K exceeded revenue, resulting in a 410% operating deficit.

Mission

Shadhika believes in a future where each person in India can choose their own path to meaning, purpose, and happiness. Through global philanthropy and in-countryprogramming, Shadhika believes that education is the most effective vehicle for women and girls* to move out of chronic disenfranchisement and towards self-determination. Shadhika aims to abate gender-based discrimination and violence in the social systems surrounding each person by focusing on three core areas of intervention: 1. Investing in the transformative power inherent in each individual girl 2. Investing in the wisdom and innovation of grassroots leadership to create local solutions 3. Cultivating allyship to address power and resource imbalances locally

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $88,355
Program Service Revenue $0
Investment Income $3
Other Revenue $0
TOTAL REVENUE $88,358

Expense Breakdown

Grants Paid $413,735
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $416,109
Other Expenses $36,796
TOTAL EXPENSES $450,531

Year-over-Year Comparison

2024 2023 Change
Revenue $88,358 $503,161 -0.8%
Expenses $450,531 $347,817 +0.3%
Net Income $-362,173 $155,344 -3.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shaheen Lokhandwala Board Chair 10.00
Director
$0 $0 $0
Chandre Singhal Secretary 5.00
Director
$0 $0 $0
Ankita Jhaveri Member 2.00
Director
$0 $0 $0
Tara Risser Member 2.00
Director
$0 $0 $0
Diane Sigel Board Emeriturs 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 $88,358 $450,531 No data $-362,173
2024 $503,161 $347,817 $365,476 $155,344
2023 $486,362 $996,888 $236,781 $-510,526
2022 $638,783 $749,388 $742,109 $-110,605
2021 $851,487 $622,646 $851,847 $228,841
2020 $396,810 $512,096 $644,644 $-115,286
2019 $653,820 $550,194 $724,010 $103,626
2018 $500,501 $426,311 $623,957 $74,190
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