LARC FOUNDATION INC (EIN 721446488) - 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

1999

Legal Domicile

Principal Officer

NICHOLAS GACHASSIN III

Phone

3379846110

Tax Period

2023-07-01 to 2024-06-30

LARC FOUNDATION INC, founded in 1999, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $94K in total revenue in fiscal year 2023. The organization ran a surplus of $35K, a strong 38% operating margin.

Mission

THE FOUNDATION INVESTS, MANAGES, AND SAFEGUARDS DONATIONS MADE FOR THE BENEFIT OF LARC, INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,080

Program Service Revenue $0

Investment Income $90,638

Other Revenue $0

TOTAL REVENUE $93,718

Expense Breakdown

Grants Paid $56,864

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,864

Other Expenses $1,600

TOTAL EXPENSES $58,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,718	$-35,449	-3.6%
Expenses	$58,464	$56,586	+0.0%
Net Income	$35,254	$-92,035	-1.4%

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
LYON HEBERT	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
NICHOLAS GACHASSIN III	PRESIDENT	N/A	Officer Director	$0	$0	$0
JD MOREIN	VICE PRESIDE	N/A	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
2025	No data	No data	No data	No data
2024	$93,718	$58,464	$1,322,325	$35,254
2023	$-35,449	$56,586	$1,204,249	$-92,035
2022	$2,199	$108,025	$1,206,370	$-105,826
2021	$145,434	$42,817	$1,456,912	$102,617
2020	$49,600	$47,007	$1,318,057	$2,593
2019	$-32,181	$54,517	$1,287,389	$-86,698

LARC FOUNDATION INC