IIT Bombay Heritage Foundation (EIN 770428724) - 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

1996

Legal Domicile

Principal Officer

SHAMRAO KATTIMANI

Phone

4082521664

Tax Period

2023-01-01 to 2023-12-31

IIT Bombay Heritage Foundation, founded in 1996, is a mid-sized nonprofit in the International Affairs sector that reported $11.5M in total revenue in fiscal year 2023. Revenue surged 191% from the prior year, signaling strong growth momentum. Expenses of $10.7M left a modest 7% surplus.

Mission

To Promote education, scientific and technological research activities at IIT Bombay

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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 $10,959,824

Program Service Revenue $56,476

Investment Income $496,319

Other Revenue $0

TOTAL REVENUE $11,512,619

Expense Breakdown

Grants Paid $10,441,011

Salaries & Benefits $0

Fundraising Expenses $98,420

Program Expenses $10,568,304

Other Expenses $259,563

TOTAL EXPENSES $10,700,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,512,619	$3,951,115	+1.9%
Expenses	$10,700,574	$2,895,699	+2.7%
Net Income	$812,045	$1,055,416	-0.2%

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

N/A

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
Parag Saxena	Chairman	1.00	Officer Director	$0	$0	$0
VINAY KARLE	President	7.00	Officer Director	$0	$0	$0
Sreedhar Kona	Vice President	5.00	Officer Director	$0	$0	$0
shamrao Kattimani	Treasurer	7.00	Officer Director	$0	$0	$0
Ankur Manake	Vice- treasurer	5.00	Officer Director	$0	$0	$0
Prof Anurag Mairal	Director	1.00	Director	$0	$0	$0
Vinaya Kapoor	Director	1.00	Director	$0	$0	$0
Yogesh Kher	Director	1.00	Director	$0	$0	$0
Prof Ravindra Gudi	Director	1.00	Director	$0	$0	$0
Prof Shireesh Kedare	Director	1.00	Director	$0	$0	$0
Apoorva Koticha	Director	1.00	Director	$0	$0	$0
Balaji Srinivasan	Director	1.00	Director	$0	$0	$0
Beerud Sheth	Director	1.00	Director	$0	$0	$0
DC Agrawal	Director	1.00	Director	$0	$0	$0
Gagan Singh	Director	1.00	Director	$0	$0	$0
Harsh Koppula	Director	1.00	Director	$0	$0	$0
Kashyap Deorah	Director	1.00	Director	$0	$0	$0
Parul Gupta	Director	1.00	Director	$0	$0	$0
Radhika Venkatraman	Director	1.00	Director	$0	$0	$0
SHIVANI GOVIL	Director	1.00	Director	$0	$0	$0
Sunil Shenoy	Director	1.00	Director	$0	$0	$0
Sunita Parasuraman	Director	1.00	Director	$0	$0	$0
Suresh Shenoy	Director	1.00	Director	$0	$0	$0
Toos Daruvala	Director	1.00	Director	$0	$0	$0
Upal Ghosh	Director	1.00	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	$11,512,619	$10,700,574	$13,116,156	$812,045
2022	$3,951,115	$2,895,699	$12,314,331	$1,055,416
2021	$5,508,477	$3,790,722	$11,247,779	$1,717,755
2020	$3,212,734	$2,628,830	$9,385,229	$583,904
2019	$2,157,269	$2,304,840	$8,803,363	$-147,571
2018	$5,440,119	$2,476,737	$8,946,605	$2,963,382

IIT Bombay Heritage Foundation