HORAC NEPAL INC

EIN: 843479998 501(c)(3) Community Improvement

EAST ELMHURST, NY

Total Revenue
$7,601
Total Expenses
$8,952
Total Assets
$1,551
Net Assets
$1,551
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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
NY
Principal Officer
JAYA BHATTA
Tax Period
2023-01-01 to 2023-12-31

HORAC NEPAL INC, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MAIN PURPOSE OF THE ORGANIZATION IS TO WORK FOR THE WELFARE OF THE CHILDREN, ESPECIALLY THOSE WHO ARE ORPHAN, NEEDY, HOMELESS AND LIVING IN EXTREME POVERTY. THIS ORGANIZATION PROVIDES THE BASIC NEEDS LIKE FOOD, ACCOMMODATION, CLOTHES, EDUCATION, LOVE AND CARE, SPECIAL GUIDANC

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,601
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,601

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,952
Other Expenses $8,952
TOTAL EXPENSES $8,952

Year-over-Year Comparison

2023 2022 Change
Revenue $7,601 $27,577 -0.7%
Expenses $8,952 $29,780 -0.7%
Net Income $-1,351 $-2,203 -0.4%
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

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Governance

Voting Members
15
Independent Members
15
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAYA BHATTA PRESIDENT 0.00
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
2023 $7,601 $8,952 $1,551 $-1,351
2022 $27,577 $29,780 $2,902 $-2,203
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