GODKAR-DAVE FOUNDATION

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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

DARSHAN GODKAR

Phone

7184516805

Tax Period

2023-01-01 to 2023-12-31

GODKAR-DAVE FOUNDATION, founded in 2018, is a micro nonprofit in the Education sector that reported $13K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5K, a strong 41% operating margin.

Mission

TO PROMOTE,SUPPORT AND FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES AND TO DEVELOP,ORGANIZE,PROMOTE AND CONDUCT FUND RASING ACTIVITIES TO FURTHER THE EDUCATIONAL AND CHARITABLE PURPOSES OF ANY OTHER NON PROFIT ORGANIZATION WHICH,IN THE JUDGEMENT OF THE BOARD .

Program Service Accomplishments

Program 1

Expenses: $2,881

THE FOUNDATION FUNDS OTHER ORGANIZATIONS WITH CHARITABLE PURPOSES.

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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 $0

Program Service Revenue $0

Investment Income $12,878

Other Revenue $0

TOTAL REVENUE $12,878

Expense Breakdown

Grants Paid $2,881

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,881

Other Expenses $4,756

TOTAL EXPENSES $7,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,878	$26,050	-0.5%
Expenses	$7,637	$37,635	-0.8%
Net Income	$5,241	$-11,585	-1.5%

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

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
DARSHAN GODKAR	TRUSTEE	1.00	Director	$0	$0	$0
PUSHKAR GODKAR	TRUSTEE	1.00	Director	$0	$0	$0
BIJAL DAVE	TRUSTEE	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	$12,878	$7,637	$251,269	$5,241
2022	$26,050	$37,635	$243,078	$-11,585
2021	$268,551	$143,414	$246,674	$125,137