VAAD HARABONIM OF QUEENS (EIN 112774666) - 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

1985

Legal Domicile

Principal Officer

RABBI HERSCHEL WELCHER

Phone

7185209060

Tax Period

2023-01-01 to 2023-12-31

VAAD HARABONIM OF QUEENS, founded in 1985, is a community nonprofit in the Mutual Benefit sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

RELIGIOUS FUNCTIONS WHICH INCLUDE KOSHER SUPERVISION, BURIALS ACCORDING TO JEWISH LAW AND AN ORTHODOX JEWISH ECCLESIASTICAL COURT.

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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 $43,851

Program Service Revenue $2,445,586

Investment Income $36

Other Revenue $0

TOTAL REVENUE $2,489,473

Expense Breakdown

Grants Paid $309,158

Salaries & Benefits $996,528

Fundraising Expenses $2,931

Program Expenses $2,405,358

Other Expenses $1,339,873

TOTAL EXPENSES $2,645,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,489,473	$2,852,069	-0.1%
Expenses	$2,645,559	$2,736,020	0.0%
Net Income	$-156,086	$116,049	-2.3%

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

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
DANIEL HARAMATI	DIRECTOR	5.00	Officer Director	$0	$0	$0
MARTIN KATZ	VP	5.00	Officer Director	$0	$0	$0
LEIBEL ROCKOVE	VP	5.00	Officer Director	$0	$0	$0
HAYIM SCHWARTZ	SECRETARY	5.00	Officer Director	$0	$0	$0
LAWRENCE TEITELMAN	TREASURER	1.00	Officer Director	$0	$0	$0
RABBI HERSCHEL WELCHER	PRESIDENT	7.00	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	No data	No data	No data	No data
2023	$2,489,473	$2,645,559	$451,375	$-156,086
2022	$2,852,069	$2,736,020	$620,933	$116,049
2021	$2,319,248	$2,393,340	$480,966	$-74,092
2020	$2,346,026	$2,284,725	$554,433	$61,301
2019	$2,336,633	$2,288,188	$493,995	$48,445
2018	$2,194,997	$2,299,011	$454,464	$-104,014

VAAD HARABONIM OF QUEENS