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)

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

Program Service Accomplishments

Program 1
Expenses: $826,136 Revenue: $1,307,447

AYURVEDIC STUDIES PROGRAM (EDUCATION): TEACH TRADITIONAL HEALING MEDICINE IN A TRADITIONAL MANNER. THERE ARE THREE CERTIFICATION LEVELS: CONSULTANT, PRACTIONER, AND DOCTOR. STUDENTS ARE ABLE TO OPEN...

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AYURVEDIC STUDIES PROGRAM (EDUCATION): TEACH TRADITIONAL HEALING MEDICINE IN A TRADITIONAL MANNER. THERE ARE THREE CERTIFICATION LEVELS: CONSULTANT, PRACTIONER, AND DOCTOR. STUDENTS ARE ABLE TO OPEN THEIR OWN PRACTICES UPON COMPLETION OF THE VARIOUS LEVELS AND PRACTICE AYURVEDA ACCORDING TO THEIR CERTIFICATION. PROGRAMS WERE OFFERED TO APPROXIMATELY 1,000 PEOPLE. IN ADDITION, THE ORGANIZATION PROVIDED MEALS TO 6,000 HURRICANE VICTIMS.

Program 2
Expenses: $435,000 Revenue: $294,839

SALES OF EDUCATIONAL MATERIALS (STUDENT SHOP): PROVIDE AYURVEDIC PRODUCTS FROM BOOKS TO HERBS, CUSTOM FORMULAS AND DRY GOODS TO OUR STUDENTS AND GENERAL PUBLIC LEARNING ABOUT AND INTEGRATING AYURVEDA...

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SALES OF EDUCATIONAL MATERIALS (STUDENT SHOP): PROVIDE AYURVEDIC PRODUCTS FROM BOOKS TO HERBS, CUSTOM FORMULAS AND DRY GOODS TO OUR STUDENTS AND GENERAL PUBLIC LEARNING ABOUT AND INTEGRATING AYURVEDA INTO THEIR LIVES.

Program 3
Expenses: $100,000 Revenue: $1,491

THE AYURVEDIC PRESS (PUBLISHING DEPARTMENT): PUBLICATION FOR THE EDUCATION OF THE TRADITIONAL HEALING ART OF AYURVEDA.

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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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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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