INDIAN AMERICAN PACKAGE STORES ASSO (EIN 874301587) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

HASMUKH PATEL

Phone

8565243589

Tax Period

2023-01-01 to 2023-12-31

INDIAN AMERICAN PACKAGE STORES ASSO, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $193K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 43% operating margin.

Mission

1. BUSINESS NETWORKING EVENTS ORGANIZED BY THE ASSOCIATION FOR THE MEMBERS TO CONNECT THEM WITH VENDORS, PROFESSIONAL SERVICE PROVIDERS, BUSINESS LEADERS AS WELL AS INDUSTRY EXPERTS. 2. COMMUNITY OUTREACH EVENTS LIKE MEDICAL CAMPS, CULTURAL FESTIVAL CELEBRATIONS, FOOD CAMPS ETC. ORGANIZED BY THE ASSOCIATION MEMBERS FOR THE LOCAL COMMUNITY. 3. GOVERNMENT OUTREACH EVENTS TO CREATE AWARENESS AMONG THE MEMBERS ABOUT THEIR DUTIES AS RESPONSIBLE BUSINESS LEADERS. ACTIVITIES WILL BE FUNDED WITH A COMBINATION OF MEMBERSHIP FEE AS WELL DONATIONS RECEIVED FROM MEMBERS AND THEIR NETWORK. ACTIVITIES LIKE THESE WOULD HELP UNITE THE MEMBERS WITH THE FOCUS TOWARDS BUILDING A BETTER INDUSTRY AND PREPARE THEM TO FIGHT AGAINST THE THREAT POSED BY BIG BUSINESS THAT ARE POPPING AROUND EVERYWHERE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $193,150

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $193,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,881

Other Expenses $109,830

TOTAL EXPENSES $109,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,150	$150,956	+0.3%
Expenses	$109,830	$83,230	+0.3%
Net Income	$83,320	$67,726	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HASMUKH PATEL	PRESIDENT	N/A	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	$193,150	$109,830	$151,046	$83,320
2022	$150,956	$83,230	$67,726	$67,726

INDIAN AMERICAN PACKAGE STORES ASSO