IISC FOUNDATION (EIN 880766543) - 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

2022

Legal Domicile

Principal Officer

GEORGE BRODY

Phone

2142849027

Tax Period

2024-01-01 to 2024-12-31

IISC FOUNDATION, founded in 2022, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 4% surplus.

Mission

THE SPECIFIC PURPOSE, MISSION, AND ACTIVITY OF THE CORPORATION IS TO SECURE FUNDING FOR PROMOTING EDUCATION, RESEARCH, TECHNOLOGY DEVELOPMENT, STARTUP INCUBATION, ACCELERATION, AND TRANSLATIONAL RESEARCH AT THE INDIAN INSTITUTE OF SCIENCE (IISC) IN BANGALORE, INDIA. THE CORPORATION WILL ACHIEVE ITS GOALS AND MISSION BY PROVIDING FINANCIAL AND OTHER RESOURCES TO IISC.

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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 $1,882,201

Program Service Revenue $0

Investment Income $8,881

Other Revenue $0

TOTAL REVENUE $1,891,082

Expense Breakdown

Grants Paid $1,806,491

Salaries & Benefits $0

Fundraising Expenses $5,042

Program Expenses $1,806,491

Other Expenses $16,144

TOTAL EXPENSES $1,822,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,891,082	$1,788,167	+0.1%
Expenses	$1,822,635	$1,764,290	+0.0%
Net Income	$68,447	$23,877	+1.9%

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

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
GEORGE BRODY	PRESIDENT	15.00	Director	$0	$0	$0
PRAHLAD DODDABALLAPUR	DIRECTOR	4.00	Officer Director	$0	$0	$0
KATEPALLI RAJU SREENIVASAN	DIRECTOR	3.00	Director	$0	$0	$0
MRINALINI LAKSHMINARAYANAN	DIRECTOR	3.00	Director	$0	$0	$0
SHEKHAR KIRANI	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
2024	$1,891,082	$1,822,635	$694,752	$68,447
2023	$1,788,167	$1,764,290	$308,708	$23,877
2022	$272,953	$6,645	$266,308	$266,308

IISC FOUNDATION