KHALSA UNIVERSITY

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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

2019

Legal Domicile

Principal Officer

MANJIT SINGH DHALIWAL

Tax Period

2023-01-01 to 2023-12-31

KHALSA UNIVERSITY, founded in 2019, is a small nonprofit in the Education sector that reported $203K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $226K exceeded revenue, resulting in a 11% operating deficit.

Mission

educate youth for higher education such as science and technology, computer sciences IT space sciences astronomy medical sciences engineering economics agricultural sciences from high school up to

Program Service Accomplishments

Program 1

Expenses: $98,216

EDUCATED STUDENTS IN MATH CULTURAL MUSIC AND LEARNING FOREIGHN LANGUAG

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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 $185,250

Program Service Revenue $0

Investment Income $0

Other Revenue $18,000

TOTAL REVENUE $203,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,216

Other Expenses $225,820

TOTAL EXPENSES $225,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,250	$181,820	+0.1%
Expenses	$225,820	$186,530	+0.2%
Net Income	$-22,570	$-4,710	+3.8%

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
MANJIT DHALIWA	CHAIRMAN	2	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	$203,250	$225,820	$993,675	$-22,570
2022	$181,820	$186,530	$1,029,990	$-4,710
2021	$136,001	$207,445	$1,015,928	$-71,444
2020	$116,500	$151,689	$1,072,157	$-35,189