NEPALESE ASSOCIATION OF MICHIGAN NEAM INC (EIN 831166314) - 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

NIRAJ KARKI

Phone

5082211274

Tax Period

2024-01-01 to 2024-12-31

NEPALESE ASSOCIATION OF MICHIGAN NEAM INC, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $25K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO PROMOTE AND FACILITATE THE AWARENESS OF NEPALESE CULTURE, EDUCATION, MUSIC,LANGUAGE, TRADITIONS, LITERARY HERITAGE AND VALUES.TO ENGAGE IN CHARITABLE ACTIVITIES TO NEEDY PEOPLE.

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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 $2,488

Program Service Revenue $22,712

Investment Income $0

Other Revenue $0

TOTAL REVENUE $25,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,581

Other Expenses $24,521

TOTAL EXPENSES $24,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,200	$30,997	-0.2%
Expenses	$24,521	$30,439	-0.2%
Net Income	$679	$558	+0.2%

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
NIRAJ KARKI	PRESIDENT	5.00	Officer	$0	$0	$0
THAKUR YONJAN	SENIOR VICE	5.00	Director	$0	$0	$0
LOCHAN SHRESTHA	VICE PRESIDE	5.00	Director	$0	$0	$0
NAVARAJ GURUNG	VICE PRESIDE	5.00	Director	$0	$0	$0
BIJAY GURUNG	VICE PRESIDE	5.00	Director	$0	$0	$0
AKANKSHYA SARA RIJAL	VICE PRESIDE	5.00	Director	$0	$0	$0
RABIN NEPAL	IT COORDINAT	5.00	Director	$0	$0	$0
JAGAT GHIMIRE	GENERAL SECR	5.00	Director	$0	$0	$0
SAURABH THAPA	TREASURER	5.00	Director	$0	$0	$0
AJAY SHRESTHA	MEMBER	5.00	Director	$0	$0	$0
BHIM BASHYAL	MEMBER	5.00	Director	$0	$0	$0
INDRA BHATTARAI	MEMBER	5.00	Director	$0	$0	$0
YOGAN KHATRI	MEMBER	5.00	Director	$0	$0	$0
PRATICHHYA THELEN	MEMBER	5.00	Director	$0	$0	$0
AMBIKA P DHAKAL	MEMBER	5.00	Director	$0	$0	$0
PRAKASH SHARMA	SPORTS COORD	5.00	Director	$0	$0	$0
ROJAN SHRESTHA	MUSIC/CULTUR	5.00	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	$25,200	$24,521	$11,657	$679
2023	$30,997	$30,439	$10,978	$558
2022	$31,767	$28,046	$10,420	$3,721
2021	$22,890	$27,165	$6,699	$-4,275
2020	$10,309	$3,567	$10,974	$6,742
2019	$12,724	$14,234	$4,776	$-1,510

NEPALESE ASSOCIATION OF MICHIGAN NEAM INC