KHALSA FAMILY SERVICES INC (EIN 861020905) - 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

2001

Legal Domicile

Principal Officer

NIRVAIR KHALSA

Phone

5205293611

Tax Period

2023-07-01 to 2024-06-30

KHALSA FAMILY SERVICES INC, founded in 2001, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $3.5M left a modest 9% surplus.

Mission

PROVIDING AN EXCELLENT EDUCATIONAL PROGRAM AND HIGH-QUALITY, CONSCIOUS, LOVING DAY CARE THAT ENCOURAGES HEALTHY BODIES, THINKING MINDS AND LOVING, CONFIDENT SPIRITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $151,920

Program Service Revenue $3,658,097

Investment Income $12

Other Revenue $0

TOTAL REVENUE $3,810,029

Expense Breakdown

Grants Paid $2,821

Salaries & Benefits $2,466,146

Fundraising Expenses $0

Program Expenses $2,689,055

Other Expenses $1,012,780

TOTAL EXPENSES $3,481,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,810,029	$4,083,323	-0.1%
Expenses	$3,481,747	$3,386,104	+0.0%
Net Income	$328,282	$697,219	-0.5%

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

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

$132,839

Total Directors

$132,839

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIRVAIR KHALSA	PRESIDENT	40.00	Officer Director	$132,839	$0	$132,839
GURUMEET KHALSA	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
FRANCIS P LASALA	DIRECTOR	2.00	Director	$0	$0	$0
GUY SENESE	DIRECTOR	2.00	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	$3,810,029	$3,481,747	$6,240,599	$328,282
2023	$4,083,323	$3,386,104	$5,182,413	$697,219
2022	$3,951,671	$3,283,028	$4,082,007	$668,643
2021	$3,370,932	$2,887,491	$3,874,229	$483,441
2020	$3,641,191	$3,522,148	$3,554,487	$119,043
2019	$3,543,462	$3,364,370	$2,939,453	$179,092
2018	$3,314,089	$3,308,669	$2,866,779	$5,420

KHALSA FAMILY SERVICES INC