SELECTIVA CHARITIES 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

2019

Legal Domicile

Principal Officer

MILIND S GOKARN

Phone

4084259717

Tax Period

2024-01-01 to 2024-12-31

SELECTIVA CHARITIES INC, founded in 2019, is a small nonprofit in the Employment sector that reported $451K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $434K left a modest 4% surplus.

Mission

EMPOWER INDIVIDUALS AND FAMILIES IN CRISIS THROUGH EDUCATION, LITERACY, CULTURAL PRESERVATION AND ESSENTIAL RELIEF EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $280,000 Revenue: $307,000

COMMUNITY EMPOWERMENT SUPPORT: EXTENDED CRITICAL SUPPORT TO FEW UNDERSERVED COMMUNITIES AND DROUGHT HIT VILLAGES WITH SUPPORT FOR EDUCATION AND LAYS OUT FOUNDATION FOR FUTURE PROSPERITY. PROVIDED...

COMMUNITY EMPOWERMENT SUPPORT: EXTENDED CRITICAL SUPPORT TO FEW UNDERSERVED COMMUNITIES AND DROUGHT HIT VILLAGES WITH SUPPORT FOR EDUCATION AND LAYS OUT FOUNDATION FOR FUTURE PROSPERITY. PROVIDED SUPPORT FOR WATER TABLE IMPROVEMENT PROJECTS.

Program 2

Expenses: $44,000 Revenue: $48,000

RELIEF PROGRAM SERVICES FOR AREAS IMPACTED BY CONFLICT. COLLABORATED WITH LOCAL VOLUNTEERS TO IDENTIFY AREAS TO SUPPORT AND FUNDED PROJECTS WITH CLOSE MONITORING BY VOLUNTEERS

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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 $450,701

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $450,701

Expense Breakdown

Grants Paid $369,772

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $324,000

Other Expenses $64,370

TOTAL EXPENSES $434,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,701	$631,691	-0.3%
Expenses	$434,142	$676,573	-0.4%
Net Income	$16,559	$-44,882	-1.4%

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	Role	Reportable Comp	Other Comp	Total
MILIND S GOKARN	EXEC DIRECTOR	Officer Director	$0	$0	$0
SAVINDER SINGH	DIRECTOR	Director	$0	$0	$0
ARCHANA M GOKARN	SECRETARY	Officer	$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	$450,701	$434,142	$144,398	$16,559
2023	$631,691	$676,573	$127,839	$-44,882
2022	$609,166	$673,706	$172,721	$-64,540
2021	$245,092	$144,994	$237,262	$100,098
2020	$281,724	$157,151	$141,864	$124,573