KONKANI CHARITABLE FUND INC (EIN 900482868) - 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

2009

Legal Domicile

Principal Officer

Aruna Acharya

Phone

6314721418

Tax Period

2024-01-01 to 2024-12-31

KONKANI CHARITABLE FUND INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $429K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 24% operating margin.

Mission

To conduct activities for the benefit of needy Konkani speaking people in the US,India and worldwide, including : a) Holding cultural and social events, b) raisingand disbursing funds for educational scholarships, c) funding and organizing healthcamps and food drives and d) Funding and assisting orphanages and old age homes inIndia.

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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 $419,724

Program Service Revenue $0

Investment Income $9,723

Other Revenue $0

TOTAL REVENUE $429,447

Expense Breakdown

Grants Paid $318,976

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $318,976

Other Expenses $5,445

TOTAL EXPENSES $324,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,447	$307,775	+0.4%
Expenses	$324,421	$234,596	+0.4%
Net Income	$105,026	$73,179	+0.4%

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

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
Gopal Bhandarkar	Director	1.00	Officer	$0	$0	$0
Vasant Acharya	Director	1.00	Officer	$0	$0	$0
Sunil G Shenoy	Director	1.00	Officer	$0	$0	$0
Veena Kamath	Director	1.00	Officer	$0	$0	$0
Aruna Acharya	President	7.00	Officer	$0	$0	$0
Surendra Shenoy	Director	1.00	Officer	$0	$0	$0
Ravidranath Shenoy	Director	1.00	Officer	$0	$0	$0
Vijay Kumar Rao	Director	1.00	Officer	$0	$0	$0
Vasudev Shenoy	Director	1.00	Officer	$0	$0	$0
Gajanan Shanbhag	Director	1.00	Officer	$0	$0	$0
Vasanth Shenoy	Director	2.00	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	$429,447	$324,421	$445,450	$105,026
2023	$307,775	$234,596	$312,190	$73,179
2023	$307,775	$234,596	$312,190	$73,179
2022	$293,229	$275,290	$228,906	$17,939
2021	$524,324	$443,464	$242,355	$80,860
2020	$363,486	$355,919	$161,494	$7,567
2019	$307,182	$318,060	$153,926	$-10,878
2018	$251,088	$368,779	$164,804	$-117,691

KONKANI CHARITABLE FUND INC