VNIT ALUMNI FOUNDATION OF AMERICA INC (EIN 880942850) - 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

MILIND S GOKARN

Phone

4084259717

Tax Period

2024-01-01 to 2024-12-31

VNIT ALUMNI FOUNDATION OF AMERICA INC, founded in 2022, is a small nonprofit in the Employment sector that reported $296K in total revenue in fiscal year 2024. Revenue surged 1321% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 24% operating margin.

Mission

PROMOTE EDUCATIONAL CULTURAL AND ALUMNI EVENTS FOR ALUMNI OF VNIT UNIVERSITY TO ENABLE BUSINESS AND CAREER OPPORTUNITIES

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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 $295,742

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $295,742

Expense Breakdown

Grants Paid $214,968

Salaries & Benefits $0

Fundraising Expenses $6,574

Program Expenses $214,968

Other Expenses $8,442

TOTAL EXPENSES $223,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,742	$20,805	+13.2%
Expenses	$223,410	$67,550	+2.3%
Net Income	$72,332	$-46,745	-2.5%

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

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
JAGDISH DESAI	DIRECTOR	1.00	Officer Director	$0	$0	$0
MILIND S GOKARN	DIRECTOR	2.00	Officer Director	$0	$0	$0
VINITA PAUNIKAR	DIRECTOR	1.00	Officer Director	$0	$0	$0
VENKAT MUKKAMALA	DIRECTOR	2.00	Officer Director	$0	$0	$0
HARSHAD G KHADILKAR	DIRECTOR	1.00	Officer 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	$295,742	$223,410	$77,200	$72,332
2023	$20,805	$67,550	$3,001	$-46,745

VNIT ALUMNI FOUNDATION OF AMERICA INC