IGNITE ASHA (EIN 823957531) - 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

2018

Legal Domicile

Principal Officer

DINA PATEL

Phone

9175961604

Tax Period

2024-01-01 to 2024-12-31

IGNITE HOPE CHICAGO, founded in 2018, is a small nonprofit in the International Affairs sector that reported $150K in total revenue in fiscal year 2018. The organization ran a surplus of $124K, a strong 83% operating margin.

Mission

IMPROVE THE HUMAN RIGHTS AND SELF WORTH OF SOUTH ASIAN WOMEN AND CHILDREN ON A GLOBAL LEVEL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $78

Other Revenue $229,539

TOTAL REVENUE $229,617

Expense Breakdown

Grants Paid $182,001

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,001

Other Expenses $6,729

TOTAL EXPENSES $188,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,617	$203,422	+0.1%
Expenses	$188,730	$71,511	+1.6%
Net Income	$40,887	$131,911	-0.7%

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
DINA PATEL	CO-PRESIDENT	15.00	Officer	$0	$0	$0
SIMRIT PATEL	SECRETARY	15.00	Officer	$0	$0	$0
PURVA SHAH	CO-PRESIDENT	15.00	Officer	$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	$229,617	$188,730	$482,816	$40,887
2023	$203,422	$71,511	$435,928	$131,911
2022	$169,965	$24,384	$295,017	$145,581
2021	$80,509	$142,093	$149,436	$-61,584
2020	$93,512	$66,491	$211,020	$27,021
2019	$110,920	$51,153	$183,999	$59,767
2018	$150,149	$25,917	$124,232	$124,232

IGNITE ASHA