IIT (BHU) FOUNDATION INC (EIN 853447003) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

SAGAR BHIMAVARAPU

Phone

6093713927

Tax Period

2024-01-01 to 2024-12-31

IIT (BHU) FOUNDATION INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $955K, a strong 76% operating margin.

Mission

THE FOUNDATION IS A U.S. "FRIENDS OF" ENTITY FORMED BY INDIVIDUALS WHO WISH TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA, WHICH IS EXPECTED TO BE THE PRINCIPAL (ALTHOUGH NOT NECESSARILY EXCLUSIVE) GRANTEE OF FUNDS DISTRIBUTED BY THE ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,098,764

Program Service Revenue $0

Investment Income $148,910

Other Revenue $14,930

TOTAL REVENUE $1,262,604

Expense Breakdown

Grants Paid $184,768

Salaries & Benefits $0

Fundraising Expenses $38,238

Program Expenses $188,588

Other Expenses $122,529

TOTAL EXPENSES $307,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,262,604	$1,159,700	+0.1%
Expenses	$307,297	$593,299	-0.5%
Net Income	$955,307	$566,401	+0.7%

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

Governance

Voting Members

Independent Members

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

$75,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIKASH AGARWAL	SECRECTARY	1.00	Officer Director	$0	$0	$0
NARESH JAIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SOUMYO SARKAR	DIRECTOR	1.00	Director	$0	$0	$0
RAMESH SRINIVASAN	DIRECTOR	1.00	Director	$0	$0	$0
SAGAR BHIMAVARAPU	CEO	10.00	Officer Director	$75,000	$0	$75,000
RAJ YAVATKAR	BOARD MEMBER	1.00	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	$1,262,604	$307,297	$5,180,493	$955,307
2023	$1,159,700	$593,299	$3,826,694	$566,401
2022	$1,918,267	$2,729,585	$2,962,424	$-811,318
2021	$4,142,119	$70,808	$4,099,614	$4,071,311

IIT (BHU) FOUNDATION INC