THE REED CHARITABLE TRUST C/O JAY AFRAME TRUSTEE

EIN: 042603322 501(c)(3)

WORCESTER, MA

Total Revenue
$492,785
Total Expenses
$511,101
Total Assets
$9,605,366
Net Assets
$9,591,166
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MA
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

TO PROVIDE FUNDS TO THE JEWISH HEALTHCARE CENTER, INC. (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO BE USED TO MAINTAIN AND OPERATE ITS HOSPITAL/MEDICAL UNIT.

Program Service Accomplishments

Program 1
Expenses: $451,049

THE TRUST PROVIDES FUNDS TO JEWISH HEALTHCARE CENTER, INC (FORMERLY THE JEWISH HOME FOR AGED OF WORCESTER COUNTY, INC.) TO BE USED TO MAINTAIN AND OPERATE ITS HOSPITAL/MEDICAL UNIT.

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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 (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

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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
10
Independent Members
10
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN STOLL PRESIDENT 0.00
Officer Director
$0 $0 $0
JAY AFRAME VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
STEVEN WILLENS TRUSTEE 0.00
Director
$0 $0 $0
MATTHEW OSTROW TREASURER 0.00
Officer Director
$0 $0 $0
WARREN PALLEY TRUSTEE 0.00
Director
$0 $0 $0
RICKY SEDER TRUSTEE 0.00
Director
$0 $0 $0
MARY JANE REIN TRUSTEE 0.00
Director
$0 $0 $0
ALAN YOFFIE SECRETARY 0.00
Officer Director
$0 $0 $0
GARY WOLF TRUSTEE 0.00
Director
$0 $0 $0
JUDY SHRIBER TRUSTEE 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
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
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