XAVIER FOUNDATION INC

EIN: 831528765 501(c)(3) Education

WOODBURY, NY

Total Revenue
$300,000
Total Expenses
$327,790
Total Assets
$1,046,631
Net Assets
$890,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
RAVISHANKAR BHOOPLAPUR
Phone
5163954433
Tax Period
2022-01-01 to 2022-12-31

XAVIER FOUNDATION INC, founded in 2019, is a small nonprofit in the Education sector that reported $300K in total revenue in fiscal year 2022. Revenue fell 82% from the prior year — a significant decline worth monitoring. Net assets of $890K represent 36 months of operating reserves.

Mission

THE ORGANIZATION MISSION IS TO GIVE DESERVING AND QUALIFY STUDENTS AN OPPORTUNITY TO ATTEND MEDICAL SCHOOL AT NO COST TO THEM. THE MISSION IS ALSO TO GIVE HIGH PERFORMING FACULTY AND STAFF OPPORTUNITIES TO UNDERTAKE RESEARCH AND OTHER SCHOLARLY ACTIVITIES FREE OF CHARGE TO THEM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $300,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $300,000

Expense Breakdown

Grants Paid $321,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $321,040
Other Expenses $6,790
TOTAL EXPENSES $327,790

Year-over-Year Comparison

2022 2021 Change
Revenue $300,000 $1,631,548 -0.8%
Expenses $327,790 $902,948 -0.6%
Net Income $-27,790 $728,600 -1.0%
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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Governance

Voting Members
3
Independent Members
3
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
3
$652,608
Total Directors
3
$652,608
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J GANESH BHAT VICE CHAIRMAN 1.00
Officer Director
$0 $0 $72,000
RAVISHANKAR BHOOPLAPUR SECRETARY 1.00
Officer Director
$0 $0 $571,608
EDWIN CASEY CHAIRMAN 1.00
Officer Director
$0 $0 $9,000
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
2022 $300,000 $327,790 $1,046,631 $-27,790
2021 $1,631,548 $902,948 $900,429 $728,600
2021 $1,631,548 $902,948 $900,429 $728,600
2020 $21,500 $750 $171,829 $20,750
2019 $151,250 $171 $151,079 $151,079
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