SANKARA EYE FOUNDATION USA

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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

1998

Legal Domicile

Principal Officer

K MURALIDHARAN

Phone

8667265272

Tax Period

2023-01-01 to 2023-12-31

SANKARA EYE FOUNDATION USA, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $10.5M in total revenue in fiscal year 2023. Expenses of $12.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO WORK TOWARDS ERADICATING CURABLE BLINDNESS ALL OVER INDIA. OUR KEY PROGRAM IS VISION 20/20 - WITH THE GOAL OF PERFORMING 500,000 FREE SURGERIES PER YEAR THROUGHOUT INDIA. WE HAVE BEEN PRIMARILY PARTNERING WITH SANKARA EYE FOUNDATION IN INDIA IN OUR MISSION AND JOINTLY HAVE ESTABLISHED 9 HOSPITALS IN 7 STATES. THESE EFFORTS HAVE PROVIDED FOR OVER 160,000 FREE EYE SURGERIES ANNUALLY FOR THE RURAL POOR - MAKING IT AMONG THE LARGEST FREE EYE CARE PROVIDERS IN THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $6,399,458

PROVIDING FINANCIAL SUPPORT TO SEF, INDIA TO BUILD SUPER SPECIALITY EYE CARE HOSPITALS ACROSS DIFFERENT STATES IN INDIA.

Program 2

Expenses: $4,888,877

GENERAL SURGERIES FUND FOR PROVIDING EYE CARE BY PROVIDING FINANCIAL SUPPORT TO SEF INDIA, VISION INDIA FOUNDATION AND VISION FOUNDATION OF 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 $11,299,254

Program Service Revenue $0

Investment Income $116,796

Other Revenue $-904,512

TOTAL REVENUE $10,511,538

Expense Breakdown

Grants Paid $11,099,270

Salaries & Benefits $294,737

Fundraising Expenses $538,981

Program Expenses $11,288,335

Other Expenses $1,197,431

TOTAL EXPENSES $12,591,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,511,538	$9,778,681	+0.1%
Expenses	$12,591,438	$9,709,857	+0.3%
Net Income	$-2,079,900	$68,824	-31.2%

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

Employees

Volunteers

200

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

$206,565

Total Directors

$70,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
K SRIDHARAN	PRESIDENT/SECRETARY	3.00	Officer Director	$0	$0	$0
PADMA PARTHASARATHY	CFO/TREASURER	3.00	Officer Director	$0	$0	$0
DIVYOGI PATEL	COO/DIRECTOR	40.00	Officer Director	$66,000	$4,332	$70,332
SUNDAR RADHAKRISHNAN	DIRECTOR	3.00	Director	$0	$0	$0
VENKAT MADDIPATI	DIRECTOR	3.00	Director	$0	$0	$0
ANJUBEN DESAI	DIRECTOR	3.00	Director	$0	$0	$0
SUMANTH RAJAGOPAL	DIRECTOR	3.00	Director	$0	$0	$0
KRISHNAMURTHY MURALIDHARAN	CEO/EXECUTIVE CHAIRMAN	40.00	Officer	$132,000	$4,233	$136,233

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	$10,511,538	$12,591,438	$8,000,371	$-2,079,900
2022	$9,778,681	$9,709,857	$9,576,211	$68,824
2021	$7,266,333	$5,737,261	$9,441,263	$1,529,072
2020	$7,076,485	$7,462,505	$7,916,906	$-386,020
2019	$6,425,777	$6,393,025	$8,266,189	$32,752
2018	$7,456,067	$5,159,601	$8,349,451	$2,296,466