THE AYURVEDIC INSTITUTE

EIN: 850325587 501(c)(3)

ASHEVILLE, NC

Total Revenue
$1,725,020
Total Expenses
$2,056,277
Total Assets
$6,053,296
Net Assets
$3,807,505
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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
1984
Legal Domicile
NM
Principal Officer
VASANT LAD
Phone
9723339907
Tax Period
2023-07-01 to 2024-06-30

THE AYURVEDIC INSTITUTE, founded in 1984, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE INSTITUTE WAS ESTABLISHED TO TEACH AND TRAIN PEOPLE IN TRADITIONAL MEDICINE AND HEALING ARTS.

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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 $10,209
Program Service Revenue $1,308,938
Investment Income $92,438
Other Revenue $313,435
TOTAL REVENUE $1,725,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $816,171
Fundraising Expenses $0
Program Expenses $1,361,136
Other Expenses $1,240,106
TOTAL EXPENSES $2,056,277

Year-over-Year Comparison

2023 2022 Change
Revenue $1,725,020 $3,038,895 -0.4%
Expenses $2,056,277 $2,542,765 -0.2%
Net Income $-331,257 $496,130 -1.7%
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
4
Independent Members
3
Employees
25
Volunteers
7

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
3
$275,000
Total Directors
4
$275,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VASANT LAD PRESIDENT/CHAIRMAN 40.00
Officer Director
$275,000 $0 $275,000
SHARON SCALTRITO SECRETARY 0.50
Officer Director
$0 $0 $0
MICHAEL STONE TREASURER 0.50
Officer Director
$0 $0 $0
HARISH RAICHADA DIRECTOR 10.00
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
2025 No data No data No data No data
2024 $1,725,020 $2,056,277 $6,053,296 $-331,257
2023 $3,038,895 $2,542,765 $6,240,684 $496,130
2022 $3,156,563 $3,236,889 $5,925,678 $-80,326
2021 $2,514,881 $2,119,549 $4,339,366 $395,332
2020 $2,571,510 $2,410,245 $3,998,782 $161,265
2019 $3,176,166 $3,154,894 $4,283,607 $21,272
2018 $3,000,127 $2,954,452 $3,805,187 $45,675
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