SPIRIT VOYAGE LEGACY 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

2019

Legal Domicile

Principal Officer

KARAN KHALSA

Phone

7036226122

Tax Period

2023-01-01 to 2023-12-31

SPIRIT VOYAGE LEGACY FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $166K, a strong 43% operating margin.

Mission

THE ORGANIZATIONAL PURPOSE OF SVLF IS TO PROVIDE OPPORTUNITIES AND VENUES FOR LEARNING AND TEACHING HEALING ARTS, YOGA, MUSIC, SUSTAINABLE LIVING AND ANY OTHER LIFESTYLE OR PHILOSOPHY THAT LEADS TO A BETTER LIFE AND A HEALTHIER PLANET. SVLF WILL ACCOMPLISH THIS GOAL BY ACCEPTING DONATIONS OF PROPERTIES AND ASSETS THAT CAN BE USED TO SUPPORT THESE ACTIVITIES, INCLUDING BY MAKING ITS REAL PROPERTY ASSETS AVAILABLE FOR USE BY OTHER TAX-EXEMPT NONPROFIT ORGANIZATIONS THAT SHARE SVLFS MISSION AND VALUES AND BY MAKING MONETARY DONATIONS TO THOSE ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $189,442 Revenue: $72,000

TO PROVIDE OPPORTUNITIES AND VENUES FOR LEARNING AND TEACHING HEALING ARTS, YOGA, MUSIC, SUSTAINABLE LIVING AND ANY OTHER LIFESTYLE OR PHILOSOPHY THAT LEADS TO A BETTER LIFE AND A HEALTHIER PLANET...

TO PROVIDE OPPORTUNITIES AND VENUES FOR LEARNING AND TEACHING HEALING ARTS, YOGA, MUSIC, SUSTAINABLE LIVING AND ANY OTHER LIFESTYLE OR PHILOSOPHY THAT LEADS TO A BETTER LIFE AND A HEALTHIER PLANET. THE ORGANIZATION WILL ACCOMPLISH THIS GOAL BY ACCEPTING DONATIONS OF PROPERTIES AND ASSETS THAT CAN BE USED TO SUPPORT THESE ACTIVITIES, INCLUDING BY MAKING ITS REAL PROPERTY ASSETS AVAILABLE FOR USE BY OTHER TAX-EXEMPT NONPROFIT ORGANIZATIONS THAT SHARE THE ORGANIZATIONSS MISSION AND VALUES AND BY MAKING MONETARY DONATIONS TO THOSE ORGANIZATIONS.

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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 $315,029

Program Service Revenue $72,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $387,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,980

Fundraising Expenses $0

Program Expenses $189,442

Other Expenses $144,268

TOTAL EXPENSES $221,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,029	$559,506	-0.3%
Expenses	$221,248	$131,605	+0.7%
Net Income	$165,781	$427,901	-0.6%

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
MATTHEW DAVID BABBIT	DIRECTOR	1.00	Director	$0	$0	$0
SIRI ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
GABRIEL FULTON	VICE PRES, S	10.00	Officer Director	$0	$0	$0
KARAN KHALSA	PRESIDENT	30.00	Officer Director	$0	$0	$0
ADRIAN LEE VEGA	DIRECTOR	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	$387,029	$221,248	$1,650,749	$165,781
2022	$559,506	$131,605	$1,278,206	$427,901
2021	$850,000	$13,331	$841,879	$836,669