HEBREW ACADEMY FOR SPECIAL CHILDREN INC (EIN 112107335) - 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

1965

Legal Domicile

Principal Officer

BERNARD KAHN

Phone

7186865900

Tax Period

2024-07-01 to 2025-06-30

HEBREW ACADEMY FOR SPECIAL CHILDREN INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $34.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $32.9M left a modest 3% surplus.

Mission

SINCE 1965 HEBREW ACADEMY FOR SPECIAL CHILDREN ("HASC") CONTINUES TO PROVIDE HIGH QUALITY SPECIAL EDUCATION AND THERAPEUTIC SERVICES TO CHILDREN WITH SPECIAL NEEDS. SERVICES ARE PROVIDED AT 4 SPECIAL EDUCATIONAL SCHOOLS AS WELL AS HOME AND COMMUNITY-BASED SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,533,898

Program Service Revenue $32,046,164

Investment Income $466,516

Other Revenue $-16,050

TOTAL REVENUE $34,030,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,898,663

Fundraising Expenses $92,126

Program Expenses $29,131,362

Other Expenses $6,035,023

TOTAL EXPENSES $32,933,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,030,528	$37,053,958	-0.1%
Expenses	$32,933,686	$31,178,715	+0.1%
Net Income	$1,096,842	$5,875,243	-0.8%

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

573

Volunteers

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

$705,989

Total Directors

$737,113

Key Employees

$495,408

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD KAHN	CEO	37.50	Officer Director	$477,435	$8,575	$486,010
SUSAN SLATER	CHIEF SCHOOL ADMINISTRATOR	37.50	Key Emp	$242,817	$6,226	$249,043
PAULA DAVIS	DIRECTOR CLINICAL & ED SERVICES	37.50	Key Emp	$238,176	$8,189	$246,365
ETHAN KAHN	STRAT. AND PRGRM EXPA AND ENHANCEMENT	37.50	Director	$209,255	$41,848	$251,103
YOSEF ELBAUM	CONTROLLER	37.50	Officer	$153,775	$66,204	$219,979
GISELLE BRAUNFELD	CLINICAL COORDINATOR	37.50	Highest	$155,945	$63,944	$219,889
RIVKY REICH	PROGRAM DIRECTOR	37.50	Highest	$150,960	$60,660	$211,620
CHERYL FOLLMAN	DIRECTOR OF HUMAN RESOURCE	37.50	Highest	$117,610	$63,940	$181,550
HESHY COHEN	IT DIRECTOR	37.50	Highest	$131,287	$43,217	$174,504
NAOMI GOLDZWEIG	PROGRAM DIRECTOR	37.50	Highest	$128,666	$42,815	$171,481
BARUCH HERTZ	CHAIRMAN	10.00	Officer Director	$0	$0	$0
SHIMON FRIEDMAN	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT JAFFA	TRUSTEE	2.00	Director	$0	$0	$0
MARVIN NEIMAN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID FULD	TRUSTEE	2.00	Director	$0	$0	$0
SIMCHA LEFKOWITZ	TRUSTEE	2.00	Director	$0	$0	$0
SOLOMON NEIMAN	TRUSTEE	2.00	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
2025	$34,030,528	$32,933,686	$21,029,400	$1,096,842
2024	$37,053,958	$31,178,715	$18,560,641	$5,875,243
2023	$31,644,636	$32,086,881	$15,459,123	$-442,245
2022	$35,401,629	$27,282,141	$16,318,917	$8,119,488
2021	$29,597,099	$29,178,258	$19,560,151	$418,841
2020	$32,196,449	$32,168,536	$18,525,073	$27,913
2019	$35,687,669	$35,093,663	$17,095,908	$594,006
2018	$32,771,198	$32,760,285	$17,891,771	$10,913

HEBREW ACADEMY FOR SPECIAL CHILDREN INC