FOUNDATION FOR SEPHARDIC STUDIES (EIN 112553513) - 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

1980

Legal Domicile

Phone

7183826688

Tax Period

2023-12-01 to 2024-11-30

FOUNDATION FOR SEPHARDIC STUDIES, founded in 1980, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

FOUNDATION HAS BEEN DEDICATED TO ENHANCE AND PROMOTING THE CULTURE OF THE SEPHARDIC JEWISH COMMUNITIES.

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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 $2,791,815

Program Service Revenue $213,818

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,005,633

Expense Breakdown

Grants Paid $253,543

Salaries & Benefits $870,349

Fundraising Expenses $522,107

Program Expenses $1,924,077

Other Expenses $1,948,416

TOTAL EXPENSES $3,072,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,005,633	$2,221,688	+0.4%
Expenses	$3,072,308	$2,162,409	+0.4%
Net Income	$-66,675	$59,279	-2.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOLOMON FALLAS	PRESIDENT	005.00	Director	$0	$0	$0
SEYMOUR SAMMELL	TREASURER	005.00	Director	$0	$0	$0
RAYMOND GINDI	SECRETARY/DIRECTOR	005.00	Director	$0	$0	$0
ISAAC GINDI	SECRETARY/DIRECTOR	005.00	Director	$0	$0	$0
NORMAN MANDEL	OPERATION FIN. RESOURCE DIRECTOR	040.00	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
2024	$3,005,633	$3,072,308	$3,826,801	$-66,675
2023	$2,221,688	$2,162,409	$3,912,421	$59,279
2023	$2,221,688	$2,162,409	$3,912,421	$59,279
2022	$1,720,510	$2,024,381	$3,870,313	$-303,871
2021	$1,451,621	$1,388,581	$4,103,734	$63,040
2020	$1,095,709	$1,266,447	$4,174,443	$-170,738
2019	$1,449,695	$1,390,567	$4,345,211	$59,128
2018	$1,232,622	$1,399,512	$4,295,897	$-166,890

FOUNDATION FOR SEPHARDIC STUDIES