KONKANI CULTURAL CONFERENCE INC

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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

MILIND GOKARN

Phone

4084259717

Tax Period

2022-01-01 to 2022-12-31

KONKANI CULTURAL CONFERENCE INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $534K in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 109% operating deficit.

Mission

CONDUCT CULTURAL EVENTS AND CONFERENCES TO PROMOTE KONKANI LANGUAGE, CULTURE AND RICH HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $601,360 Revenue: $414,000

Conducted the event that attracted over 1500 attendees in alignment with our goal to foster and promote our unique culture of language & promoting our heritage.

Program 2

Expenses: $369,808 Revenue: $224,000

Within the major event conducted this was a special program that kicked off the celebrations for the event with an amazing show welcoming all guests. This was undertaken as it aligned with our cause...

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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 (2022)

Revenue Breakdown

Contributions & Grants $529,233

Program Service Revenue $0

Investment Income $4,382

Other Revenue $0

TOTAL REVENUE $533,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $971,168

Other Expenses $1,116,849

TOTAL EXPENSES $1,116,849

Year-over-Year Comparison

	2022	2021	Change
Revenue	$533,615	$411,316	+0.3%
Expenses	$1,116,849	$447,979	+1.5%
Net Income	$-583,234	$-36,663	+14.9%

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

N/A

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
MILIND GOKARN	EXEC DIRECTOR	5.000	Officer	$0	$0	$0
B RAMAMURTHY ACHARYA	DIRECTOR	4.000	Director	$0	$0	$0
ARCHANA GOKARN	DIRECTOR	3.000	Director	$0	$0	$0
ARUNA ACHARYA	SECRETARY	3.000	Director	$0	$0	$0
MURALIDHAR A KAMATH	DIRECTOR	5.000	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
2022	$533,615	$1,116,849	$169,246	$-583,234
2021	$411,316	$447,979	$752,479	$-36,663
2020	$331,553	$215,096	$789,142	$116,457