KOLEL DAMSEK ELIEZER C/O FORTIS BUSINESS HOLDINGS (EIN 112829030) - 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

1986

Legal Domicile

Principal Officer

JOEL KESTENBAUM

Phone

7189632400

Tax Period

2023-01-01 to 2023-12-31

KOLEL DAMSEK ELIEZER C/O FORTIS BUSINESS HOLDINGS, founded in 1986, is a small nonprofit in the Human Services sector that reported $528K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $461K left a modest 13% surplus.

Mission

TO PROVIDE A FACILITY FOR JEWISH SCHOLARS TO STUDY FOR THE RABBINATE AND TO SUPPORT THESE FAMILIES.

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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 $287,000

Program Service Revenue $0

Investment Income $1,106

Other Revenue $239,781

TOTAL REVENUE $527,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $438,304

Other Expenses $460,999

TOTAL EXPENSES $460,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,887	$395,341	+0.3%
Expenses	$460,999	$415,327	+0.1%
Net Income	$66,888	$-19,986	-4.3%

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

N/A

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
JOEL KESTENBAUM	TRUSTEE	0.50	Officer Director	$0	$0	$0
SARAH ROSENFELD	TRUSTEE	0.30	Director	$0	$0	$0
RACHEL KRAUS	TRUSTEE	0.30	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	$527,887	$460,999	$4,540,370	$66,888
2022	$395,341	$415,327	$4,651,438	$-19,986
2021	$178,779	$407,919	$4,331,811	$-229,140
2020	$-1,064	$399,121	$4,726,464	$-400,185
2019	$23,753	$448,155	$4,987,426	$-424,402
2018	$184,097	$359,514	$5,561,782	$-175,417

KOLEL DAMSEK ELIEZER C/O FORTIS BUSINESS HOLDINGS