AmPowering (EIN 821392485) - 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

2017

Legal Domicile

Principal Officer

Menka Soni

Phone

4254187181

Tax Period

2023-01-01 to 2023-12-31

AmPowering, founded in 2017, is a small nonprofit in the Human Services sector that reported $541K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $468K left a modest 13% surplus.

Mission

The mission of AmPowering is to be a catalyst to enable vulnerable communities to enhance & develop their quality of life by creating opportunities encompassing educational, socio-economic and behavioral transformations. We are committed to empowering women, youth and enriching families and transforming communities.

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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 $587,132

Program Service Revenue $0

Investment Income $0

Other Revenue $-46,469

TOTAL REVENUE $540,663

Expense Breakdown

Grants Paid $116,124

Salaries & Benefits $81,339

Fundraising Expenses $0

Program Expenses $426,848

Other Expenses $271,037

TOTAL EXPENSES $468,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,663	$321,299	+0.7%
Expenses	$468,500	$274,056	+0.7%
Net Income	$72,163	$47,243	+0.5%

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

300

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashish Soni	Chief Executive Officer	40	Officer	$60,000	$0	$60,000
Menka Soni	President	40	Officer Director	$0	$0	$0
Ashish Keshwani	Secretary	1	Officer Director	$0	$0	$0
Kavita Dave	Treasurer	1	Officer Director	$0	$0	$0
Ashwin Karuhatty	Director	1	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	$540,663	$468,500	$361,725	$72,163
2022	$321,299	$274,056	$322,345	$47,243
2021	$333,724	$230,238	$231,804	$103,486
2020	$251,139	$173,226	$150,507	$77,913

AmPowering