FOUNDATION FOR EXCELLENCE INC (EIN 770474749) - 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

Tax Period

2023-04-01 to 2024-03-31

FOUNDATION FOR EXCELLENCE INC, founded in 1997, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO BRING ABOUT A TRANSFORMATION IN THE LIVES OF BRILLIANT BUT FINANCIALLY NEEDY STUDENTS IN INDIA.THE MISSION IS ACCOMPLISHED BY PROVIDING FINANCIAL ASSISTANCE TO ENABLE STUDENTS TO CONTINUE AND COMPLETE THEIR HIGHER PROFESSIONAL EDUCATION IN INDIA.

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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 $2,440,857

Program Service Revenue $0

Investment Income $113,296

Other Revenue $0

TOTAL REVENUE $2,554,153

Expense Breakdown

Grants Paid $2,444,957

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,557,817

Other Expenses $121,123

TOTAL EXPENSES $2,566,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,554,153	$2,333,174	+0.1%
Expenses	$2,566,080	$2,087,013	+0.2%
Net Income	$-11,927	$246,161	-1.0%

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	Role	Reportable Comp	Other Comp	Total
DARSHAN BHATT	BOARD MEMBER	Director	$0	$0	$0
ARJUN BHAGAT	BOARD MEMBER	Director	$0	$0	$0
RAM G GUPTA	BOARD MEMBER	Director	$0	$0	$0
ASHUTOSH AMAN	BOARD MEMBER	Director	$0	$0	$0
RANJIT KAGATHI	BOARD MEMBER	Director	$0	$0	$0
NIMAL BAID	DIRECTOR	Director	$0	$0	$0
SUDHA KIDAO	BOARD MEMBER	Director	$0	$0	$0
SANJAYA KUMAR	BOARD MEMBER	Director	$0	$0	$0
SAROSH D KUMANA	BOARD MEMBER	Director	$0	$0	$0
PRABHU GOEL	BOARD MEMBER	Director	$0	$0	$0
VENKATESH SHUKLA	BOARD MEMBER	Director	$0	$0	$0
RAJ SHAH	BOARD MEMBER	Director	$0	$0	$0
ANIL KUMAR	EXECUTIVE SECRETARY	Director	$0	$0	$0
MINOO GUPTA	PRESIDENT	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	$2,554,153	$2,566,080	$2,110,571	$-11,927
2023	$2,333,174	$2,087,013	$1,480,291	$246,161
2022	$2,706,304	$1,606,820	$1,234,130	$1,099,484
2022	$2,706,304	$1,606,820	$1,234,130	$1,099,484
2021	$1,996,693	$2,000,769	$134,631	$-4,076
2020	$1,895,765	$1,858,119	$133,108	$37,646
2020	$1,901,365	$1,858,119	$138,708	$43,246
2019	$1,603,115	$1,648,438	$101,472	$-45,323

FOUNDATION FOR EXCELLENCE INC