Revati Puranik Foundation

EIN: 853775433 501(c)(3)

Houston, TX

Total Revenue
$278,899
Total Expenses
$464,981
Total Assets
$4,324,472
Net Assets
$4,261,829
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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
TX
Principal Officer
Revati Puranik
Phone
7132584995
Tax Period
2023-01-01 to 2023-12-31

Revati Puranik Foundation, founded in 2020, is a small nonprofit that reported $279K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $465K exceeded revenue, resulting in a 67% operating deficit.

Mission

To provide education and mentorship to underprivileged communities.

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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 $267,400
Program Service Revenue $0
Investment Income $0
Other Revenue $11,499
TOTAL REVENUE $278,899

Expense Breakdown

Grants Paid $104,103
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $104,103
Other Expenses $360,878
TOTAL EXPENSES $464,981

Year-over-Year Comparison

2023 2022 Change
Revenue $278,899 $353,753 -0.2%
Expenses $464,981 $444,846 +0.0%
Net Income $-186,082 $-91,093 +1.0%
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
1
Independent Members
N/A
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Revati Puranik President 10.00
Officer Director
$0 $0 $0
Bhakti Salunkhe Secretary 1.00
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 No data No data No data No data
2023 $278,899 $464,981 $4,324,472 $-186,082
2022 $353,753 $444,846 $4,601,953 $-91,093
2021 $4,819,725 $149,649 $4,684,474 $4,670,076
2021 $4,522,725 $77,911 $4,459,212 $4,444,814
2021 $4,819,725 $149,649 $4,684,474 $4,670,076
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