FAIR FRANCHISING INITIATIVE 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

PRAKASH SHAH

Phone

7326624802

Tax Period

2023-11-01 to 2024-10-31

FAIR FRANCHISING INITIATIVE INC, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $6K exceeded revenue, resulting in a 246% operating deficit.

Mission

MAKE SMALL BUSINESSES AWARE OF THE POSSIBLE PITFALLS IN FRANCHISE AGREEMENTS AND EDUCATE THEM ON HOW TO NAVIGATE THEM.BY HIGHLIGHTING INHERENT PROBLEMS WITH CERTAIN PROVISIONS OF THE FRANCHISE AGREEMENTS THAT ARE NOT FAIR TO FRANCHISEES AND EDUCATING THE SMALL BUSINESS OWNERS HOW TO NAVIGATE THOSE AGREEMENTS TO MAKE THEM MORE TRANSPARENT AND FAIR.

Program Service Accomplishments

Program 1

Expenses: $1,508

INSURANCE EXPENSE

Program 2

Expenses: $2,252

LEGAL AND OTHER PROFESSIONAL FEES

Program 3

Expenses: $1,594

IT EXPENSE

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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 $1,656

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,354

Other Expenses $5,734

TOTAL EXPENSES $5,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,656	$3,248	-0.5%
Expenses	$5,734	$3,182	+0.8%
Net Income	$-4,078	$66	-62.8%

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

N/A

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
ANIL PATEL	CHAIRMAN	2.00	Director	$0	$0	$0
MAULESH PATEL	VICE CHAIRMAN	2.00	Director	$0	$0	$0
RAJESH PATEL	SECRETARY	2.00	Director	$0	$0	$0
MAHENDRA PATEL	TRUSTEE	2.00	Director	$0	$0	$0
HEMANT PATEL	TRUSTEE	2.00	Director	$0	$0	$0
CHANDRAKANT PATEL	TRUSTEE	2.00	Director	$0	$0	$0
ALKESH PATEL	TRUSTEE	2.00	Director	$0	$0	$0
MIKE PATEL	TRUSTEE	2.00	Director	$0	$0	$0
PRAGNA PATEL-MULLER	TRUSTEE	2.00	Director	$0	$0	$0
RAJ PARIKH	TRUSTEE	2.00	Director	$0	$0	$0
PRAKASH SHAH	PRESIDENT	2.00	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
2024	$1,656	$5,734	$19,303	$-4,078
2023	$3,248	$3,182	$23,321	$66
2022	$3,056	$4,935	$23,195	$-1,879
2021	$4,612	$2,120	$25,014	$2,492
2020	$38,892	$19,604	$22,522	$19,288