LAPSI FOUNDATION INC

EIN: 812637963 501(c)(3) Philanthropy & Grantmaking

COVINA, CA

Total Revenue
$257,492
Total Expenses
$60,778
Total Assets
$1,036,041
Net Assets
$1,036,041
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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
2016
Legal Domicile
CA
Principal Officer
ARVIND LAPSIWALA
Phone
6263319494
Tax Period
2025-01-01 to 2025-12-31

LAPSI FOUNDATION INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $257K in total revenue in fiscal year 2025. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 76% operating margin.

Mission

TO PURSUE AND INVEST IN CHARITABLE ACTIVITIES IN THE UNITED STATES AND ABROAD.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $245,000
Program Service Revenue $0
Investment Income $12,492
Other Revenue $0
TOTAL REVENUE $257,492

Expense Breakdown

Grants Paid $59,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,778
Other Expenses $1,778
TOTAL EXPENSES $60,778

Year-over-Year Comparison

2025 2024 Change
Revenue $257,492 $141,741 +0.8%
Expenses $60,778 $47,797 +0.3%
Net Income $196,714 $93,944 +1.1%
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

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Governance

Voting Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARVIND LAPSIWALA President 0.00
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 $257,492 $60,778 $1,036,041 $196,714
2024 $141,741 $47,797 $839,327 $93,944
2023 $164,710 $40,625 $745,383 $124,085
2022 $167,785 $36,107 $621,298 $131,678
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