WATCHES FOR GOOD INC

EIN: 852015056 501(c)(3) Philanthropy & Grantmaking

GREENVILLE, NC

Total Revenue
$31,463
Total Expenses
$61,616
Total Assets
$123,372
Net Assets
$123,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NC
Principal Officer
NIRDHAR KHAZANIE
Phone
2155791580
Tax Period
2024-01-01 to 2024-12-31

WATCHES FOR GOOD INC, founded in 2020, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $31K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $62K exceeded revenue, resulting in a 96% operating deficit.

Mission

TRANSPARENCY IS KEY: WE BELIEVE SPENT CONTRIBUTIONS SHOULD BE ACCOUNTED FOR IN THIS NON-PROFIT AND THATS EXACTLY WHY WE PLEDGE TO SHARE OUR FINANCIALS FOR EVERY EFFORT. YOU, OUR LOYAL PATRONS, WILL HAVE TRANSPARENCY INTO HOW OUR FUNDS ARE UTILIZED AND FOR WHAT EFFORTS. WHEN YOU DONATE TO WATCHES FOR GOOD, YOU SHOULD HAVE A SENSE OF PRIDE AND COMFORT THAT THERES ACCOUNTABILITY. EDUCATION: EVERY CHILD DESERVES THE RIGHT TO AN EDUCATION WHICH IS WHY WERE COMMITTED TO VOLUNTEERING AND PROVIDING SCHOOLS ACROSS THE WORLD WITH THE PROPER RESOURCES THEY NEED. WE BELIEVE THIS SUPPORT CAN COME IN VARIOUS FORMS: SUPPLEMENTAL TUTORING, ASSISTANCE WITH TECHNOLOGY IN PURCHASING LAPTOPS, SCHOOL SUPPLIES, AND MORE. HUNGER: WATCHES FOR GOOD HOPES TO HELP COMBAT HUNGER WORLDWIDE AS EVERY HUMAN LIFE IS EQUALLY IMPORTANT REGARDLESS OF RACE, RELIGION, GENDER, OR GEOGRAPHIC LOCATION; WE ARE HERE TO SERVE THE WORLD. COVID HAS DISRUPTED FOOD SUPPLY CHAINS IN THE SOME OF THE WORLDS LARGEST PRODUCING MARKETS, N

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,463
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $31,463

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $61,616
Other Expenses $61,616
TOTAL EXPENSES $61,616

Year-over-Year Comparison

2024 2023 Change
Revenue $31,463 $91,448 -0.7%
Expenses $61,616 $22,199 +1.8%
Net Income $-30,153 $69,249 -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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Governance

Voting Members
6
Independent Members
6
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS CHIN CLO N/A
Officer Director
$0 $0 $0
NIRDHAR KHAZANIE CO-FOUNDER & 1.00
Officer Director
$0 $0 $0
RAJA RAMASWAMY DIRECTOR N/A
Officer Director
$0 $0 $0
RANI RAMASWAMY CO FOUNDER N/A
Officer Director
$0 $0 $0
ROMAN SHARF COO N/A
Officer 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
2024 $31,463 $61,616 $123,372 $-30,153
2023 $91,448 $22,199 $153,525 $69,249
2022 $275,353 $270,818 $84,276 $4,535
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