FOUNDATION FOR PROMOTION OF SPORTS… - 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

2013

Legal Domicile

Phone

4088672320

Tax Period

2024-04-01 to 2025-03-31

FOUNDATION FOR PROMOTION OF SPORTS AND GAMES, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $736K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $356K, a strong 48% operating margin.

Mission

TO HELP PROMOTE SPORTS AND GAMES

Program Service Accomplishments

Program 1

Expenses: $380,345 Revenue: $736,162

SUPPORTING ATHLETES WITH POTENTIALS TO WIN OLYMPIC GOLD MEDALS BYCOACHES IN ORDER TO NURTURE THEM INTO HIGHLY COMPETETIVE PARTICIPANTSIN OLYMPIC GAMES. THE FOUNDATION ALSO PROVIDES FINANCIAL MEANS TO THEATHLETES TO COVER PROGRAM-RELATED EXPENSES SUCH AS, BUT NOT LIMITED TO,SPORTS EQUIPMENT, LODGING, TRAVELLING, APPLICATION FEES, AND ETC. THEFOUNDATION ALSO CONDUCTS PUBLIC EVENTS TO RAISE SPORT AWARENESS ANDEVENTUALLY, TO ATTRACT NEW POTENTIALS.

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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 $735,144

Program Service Revenue $0

Investment Income $1,018

Other Revenue $0

TOTAL REVENUE $736,162

Expense Breakdown

Grants Paid $230,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $380,345

Other Expenses $150,345

TOTAL EXPENSES $380,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$736,162	$812,707	-0.1%
Expenses	$380,345	$392,686	0.0%
Net Income	$355,817	$420,021	-0.2%

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

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
Geet Sethi	Director	2.00	Director	$0	$0	$0
PRAKASH PADUKONE	Director	2.00	Director	$0	$0	$0
VIREN RASQUINHA	Director	2.00	Officer Director	$0	$0	$0
NEERAJ BHARADWAJ	Director	2.00	Director	$0	$0	$0
DIPAK BASU	Director	2.00	Officer Director	$0	$0	$0
NEERAJ ARORA	Director	2.00	Director	$0	$0	$0
RAHUL MEHTA	Director	2.00	Director	$0	$0	$0
RAM PARAMESWARAN	Director	2.00	Director	$0	$0	$0
ANU HARIHARAN	Director	2.00	Director	$0	$0	$0
VISWANATHAN ANAND	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
2025	$736,162	$380,345	$1,628,289	$355,817
2024	$812,707	$392,686	$1,247,534	$420,021
2023	$540,178	$455,435	$777,584	$84,743
2022	$529,024	$213,397	$698,031	$315,627
2021	$509,883	$574,611	$401,622	$-64,728
2020	$439,190	$250,714	$465,895	$188,476
2018	$240,000	$1,661	$367,514	$238,339

FOUNDATION FOR PROMOTION OF SPORTS AND GAMES