THE REED CHARITABLE TRUST C/O JAY AFRAME TRUSTEE (EIN 042603322) - 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

1977

Legal Domicile

Principal Officer

JAY AFRAME

Phone

5087546852

Tax Period

2023-01-01 to 2023-12-31

THE REED CHARITABLE TRUST C/O JAY AFRAME TRUSTEE, founded in 1977, is a small nonprofit that reported $493K in total revenue in fiscal year 2023. Revenue surged 284% from the prior year, signaling strong growth momentum. Net assets of $9.6M represent 234 months of operating reserves.

Mission

THE TRUST'S EXEMPT PURPOSE IS TO PROVIDE FUNDS TO THE JEWISH HEALTHCARE CENTER, INC. SEE BOTTOM PAGE (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO ESTABLISH, MAINTAIN AND OPERATE A HOSPITAL/MEDICAL UNIT WITHIN ITS COMPLEX.

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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 $0

Program Service Revenue $0

Investment Income $492,785

Other Revenue $0

TOTAL REVENUE $492,785

Expense Breakdown

Grants Paid $451,049

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $451,049

Other Expenses $60,052

TOTAL EXPENSES $511,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,785	$128,329	+2.8%
Expenses	$511,101	$511,489	0.0%
Net Income	$-18,316	$-383,160	-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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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	Role	Reportable Comp	Other Comp	Total
ALAN STOLL	PRESIDENT	Officer Director	$0	$0	$0
JAY AFRAME	VICE PRESIDENT	Officer Director	$0	$0	$0
STEVEN WILLENS	TRUSTEE	Director	$0	$0	$0
MATTHEW OSTROW	TREASURER	Officer Director	$0	$0	$0
WARREN PALLEY	TRUSTEE	Director	$0	$0	$0
RICKY SEDER	TRUSTEE	Director	$0	$0	$0
MARY JANE REIN	TRUSTEE	Director	$0	$0	$0
ALAN YOFFIE	SECRETARY	Officer Director	$0	$0	$0
GARY WOLF	TRUSTEE	Director	$0	$0	$0
JUDY SHRIBER	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$492,785	$511,101	$9,605,366	$-18,316
2022	$128,329	$511,489	$8,511,362	$-383,160
2021	$1,052,883	$381,700	$10,608,759	$671,183
2020	$407,214	$484,539	$9,790,569	$-77,325
2019	$659,760	$476,160	$9,054,565	$183,600
2018	$533,753	$483,329	$7,939,600	$50,424

THE REED CHARITABLE TRUST C/O JAY AFRAME TRUSTEE