KANNADA KOOTA OF NORTHERN CALIFORN… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

Vasudha Hegde

Phone

9256991126

Tax Period

2024-01-01 to 2024-12-31

KANNADA KOOTA OF NORTHERN CALIFORNIA (KKNC), founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $393K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $466K exceeded revenue, resulting in a 18% operating deficit.

Mission

Promote inter-cultural understanding & integration

Program Service Accomplishments

Program 1

Expenses: $463,795 Revenue: $382,774

Promote inter-cultural understanding & integration

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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 $382,774

Program Service Revenue $0

Investment Income $9,175

Other Revenue $1,458

TOTAL REVENUE $393,407

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $463,795

Other Expenses $463,151

TOTAL EXPENSES $466,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,407	$606,762	-0.4%
Expenses	$466,151	$612,172	-0.2%
Net Income	$-72,744	$-5,410	+12.4%

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

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
Vasanth Balagere	President	5.00	Officer	$0	$0	$0
Chethan Rao Bokkasa	TREASURER	5.00	Officer	$0	$0	$0
Gururaj Tarikere	BOT Chair	3.00		$0	$0	$0
Raj Bankar	BOT Vice Chair	2.00		$0	$0	$0
Sridhar Lakshminarayana	BOT member	2.00		$0	$0	$0
Diwakar Ramadasu	BOT member	2.00		$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
2024	$393,407	$466,151	$460,316	$-72,744
2023	$606,762	$612,172	$533,060	$-5,410
2022	$285,063	$292,387	$538,470	$-7,324
2020	$182,191	$125,905	$471,416	$56,286
2019	$499,119	$465,538	$415,130	$33,581
2018	$404,530	$336,188	$381,549	$68,342

KANNADA KOOTA OF NORTHERN CALIFORNIA (KKNC)