FRIENDS OF SAIACS

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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

2002

Legal Domicile

Principal Officer

ERIC THORESON

Phone

4084649605

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF SAIACS, founded in 2002, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

SUPPORTING THE MISSION AND ONGOING WORK OF SOUTH ASIA INSTITUTE OF ADVANCED CHRISTIAN STUDIES, MEETING WITH CHARITABLE FOUNDATINS, TRUSTS, AND THE LIKE TO RAISE FUNDS FOR THE EXPANSION OF SOUTH ASIA INSTITUE OF ADVANCED CHRISTIAN STUDIES

Program Service Accomplishments

Program 1

Expenses: $1,400,000

LAND AND BUILDING FUND-IMPROVEMENTS TO CURRENT BUILDINGS, NEW BUILDINGS AND LAND PURCHASE FOR NEW CAMPUS

Program 2

Expenses: $223,431

GENERAL EXPENSES OF SOUTH ASIA INSTITUTE OF ADVANCED CHRISTIAN STUDIES

Program 3

Expenses: $96,569

SCHOLARSHIPS: PROVIDING FINANCIAL ASSISTANCE FOR DESERVING MALE AND FEMALE STUDENTS FROM SOUTH AND SOUTHEAST ASIA, TO PURSUE GRADUATE LEVEL STUDIES IN THEOLOGICAL AND RELATED AREAS.

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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 $1,408,522

Program Service Revenue $0

Investment Income $0

Other Revenue $16,289

TOTAL REVENUE $1,424,811

Expense Breakdown

Grants Paid $1,720,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,733,397

Other Expenses $14,105

TOTAL EXPENSES $1,734,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,424,811	$1,718,801	-0.2%
Expenses	$1,734,105	$730,908	+1.4%
Net Income	$-309,294	$987,893	-1.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIANNE SUNSERI	TREASURER	3.00	Officer	$0	$0	$0
ERIC THORESON	CHAIRMAN	2.00	Officer	$0	$0	$0
SURESH KUMAR	TREASURER	1.00	Officer	$0	$0	$0
RUBEN CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
NIKI PASRICHA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SUNIL	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	$1,424,811	$1,734,105	$741,193	$-309,294
2022	$1,718,801	$730,908	$1,050,487	$987,893
2021	$568,398	$616,371	$62,594	$-47,973
2020	$488,320	$524,542	$110,567	$-36,222