SWAMINARAYAN AKSHARPITH INC (EIN 841617179) - 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

2002

Legal Domicile

Principal Officer

MITUL PATEL

Phone

7327771414

Tax Period

2024-01-01 to 2024-12-31

SWAMINARAYAN AKSHARPITH INC, founded in 2002, is a community nonprofit in the Religion sector that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 59% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE HINDU FAITH THROUGH PREPARING AND SELLING RELIGIOUS ITEMS AND MEDICINES RELATED TO ITS RELIGIOUS TENETS.

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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 $0

Other Revenue $8,106,584

TOTAL REVENUE $8,106,584

Expense Breakdown

Grants Paid $514,025

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,086,399

Other Expenses $2,781,934

TOTAL EXPENSES $3,295,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,106,584	$4,083,956	+1.0%
Expenses	$3,295,959	$2,008,166	+0.6%
Net Income	$4,810,625	$2,075,790	+1.3%

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

475

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
AJAY PATEL	DIRECTOR	2.00	Director	$0	$0	$0
KALPESH SOLANKI	DIRECTOR	2.00	Director	$0	$0	$0
SANJAY DESAI	DIRECTOR	2.00	Director	$0	$0	$0
VISHAL GHELANI	DIRECTOR	2.00	Director	$0	$0	$0
MITUL PATEL	PRESIDENT & DIRECTOR	3.00	Officer Director	$0	$0	$0
VIPUL THAKKAR	SECRETARY, TREASURER & DIR	3.00	Officer 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	$8,106,584	$3,295,959	$13,276,952	$4,810,625
2023	$4,083,956	$2,008,166	$8,712,102	$2,075,790
2022	$2,916,750	$1,115,169	$6,563,397	$1,801,581
2021	$2,104,319	$2,146,245	$4,745,420	$-41,926
2020	$864,047	$790,315	$4,502,850	$73,732

SWAMINARAYAN AKSHARPITH INC