SOUTH ASIA INSTITUTE

EIN: 810695153 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$474,021
Total Expenses
$476,442
Total Assets
$7,198,601
Net Assets
$-675,638
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Principal Officer
AFZAL AHMAD
Phone
3129293911
Tax Period
2024-01-01 to 2024-12-31

SOUTH ASIA INSTITUTE, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $474K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

FOSTER ART, CULTURE OF SOUTH ASIA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $382,524
Program Service Revenue $91,497
Investment Income $0
Other Revenue $0
TOTAL REVENUE $474,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,569
Fundraising Expenses $0
Program Expenses $476,442
Other Expenses $429,873
TOTAL EXPENSES $476,442

Year-over-Year Comparison

2024 2023 Change
Revenue $474,021 $386,789 +0.2%
Expenses $476,442 $271,509 +0.8%
Net Income $-2,421 $115,280 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AFZAL AHMAD PRESIDENT 50.00
Director
$0 $0 $0
SHIREEN AHMAD SECRETARY 50.00
Director
$0 $0 $0
DEEPANJANA KLEIN DIRECTOR 1.00
Director
$0 $0 $0
SAIRAH ALVI DIRECTOR 1.00
Director
$0 $0 $0
AZRA RAZA DIRECTOR 1.00
Director
$0 $0 $0
OMER AHMAD DIRECTOR 3.00
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 $474,021 $476,442 $7,198,601 $-2,421
2023 $386,789 $271,509 $7,201,022 $115,280
2022 $237,973 $237,386 $7,085,742 $587
2021 $202,464 $292,613 $7,097,033 $-90,149
2020 $117,217 $315,452 $7,453,500 $-198,235
2019 $101,600 $408,370 $7,353,312 $-306,770
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SOUTH ASIA INSTITUTE with other nonprofits in Illinois and across the country.