Tapovan Sanskar Foundation

EIN: 990430950 501(c)(3) International Affairs

Streamwood, IL

Total Revenue
$231,717
Total Expenses
$158,205
Total Assets
$108,096
Net Assets
$108,096
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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
2024
Legal Domicile
IL
Principal Officer
Mahendra Shah
Tax Period
2025-01-01 to 2025-12-31

Tapovan Sanskar Foundation, founded in 2024, is a small nonprofit in the International Affairs sector that reported $232K in total revenue in fiscal year 2025. The organization ran a surplus of $74K, a strong 32% operating margin.

Mission

To provide charitable distributions to qualifying NGOS throughout India. This also includes granting scholarships to qualifying students in India wishing to puruse educaction in colleges or universities in the United States as well to students finishing their education in India

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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 $231,444
Program Service Revenue $0
Investment Income $273
Other Revenue $0
TOTAL REVENUE $231,717

Expense Breakdown

Grants Paid $155,317
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $155,317
Other Expenses $2,888
TOTAL EXPENSES $158,205

Year-over-Year Comparison

2025 2024 Change
Revenue $231,717 N/A N/A
Expenses $158,205 N/A N/A
Net Income $73,512 N/A N/A
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
5
Independent Members
5
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mahendra Shah President 0.00
Officer
$0 $0 $0
Jasvant Modi Director 0.00
Officer
$0 $0 $0
Hitesh Shah Treasurer 0.00
Officer
$0 $0 $0
Ketan Shah Secretary 0.00
Officer
$0 $0 $0
Rajesh Shah Vice President 0.00
Officer
$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 $231,717 $158,205 $108,096 $73,512
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