SOLOMON SCHECHTER ACADEMY OF NEW LONDON COUNTY INC

EIN: 060904868 501(c)(3) Education

WATERFORD, CT

Total Revenue
$147,792
Total Expenses
$95,979
Total Assets
$195,405
Net Assets
$195,204
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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
CT
Principal Officer
LAURA FROMMER
Phone
8604435589
Tax Period
2020-08-01 to 2021-07-31

SOLOMON SCHECHTER ACADEMY OF NEW LONDON COUNTY INC, founded in 1977, is a small nonprofit in the Education sector that reported $148K in total revenue in fiscal year 2020. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 35% operating margin.

Mission

OPERATION OF A HEBREW DAY SCHOOL, INCLUDING EXTRACURRICULAR ACTIVITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $24,248
Program Service Revenue $74,674
Investment Income $48,870
Other Revenue $0
TOTAL REVENUE $147,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,884
Fundraising Expenses $0
Program Expenses $80,327
Other Expenses $27,095
TOTAL EXPENSES $95,979

Year-over-Year Comparison

2020 2019 Change
Revenue $147,792 $121,185 +0.2%
Expenses $95,979 $114,714 -0.2%
Net Income $51,813 $6,471 +7.0%
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

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Governance

Voting Members
2
Independent Members
2
Employees
11
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA FROMMER PRESIDENT 4.00
Officer Director
$0 $0 $0
PERRY SUSSKIND TREASURER 1.00
Officer 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
2021 $147,792 $95,979 $195,405 $51,813
2021 $147,792 $95,979 $195,405 $51,813
2020 $121,185 $114,714 $197,959 $6,471
2019 $170,762 $167,961 $168,107 $2,801
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