KULANU ACADEMY INC

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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

2000

Legal Domicile

Principal Officer

MARK HONIGSFELD

Phone

5165693083

Tax Period

2024-07-01 to 2025-06-30

KULANU ACADEMY INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $13.1M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 32% operating margin.

Mission

ENABLE EACH INDIVIDUAL TO REACH HIS OR HER FULL POTENTIAL, EMPOWERING EACH ONE TO BECOME A PARTICIPATING AND ACCEPTED MEMBER OF SOCIETY, WITH A GOOD QUALITY OF LIFE AND A HOPEFUL FUTURE.

Program Service Accomplishments

Program 1

Expenses: $5,780,161 Revenue: $7,168,130

THE DAY SCHOOL AND AFTER SCHOOL PROGRAM EDUCATED STUDENTS WITH DEVELOPMENTAL DISABILITIES IN ACADEMIC, VOCATIONAL AND LIFE SKILLS PROGRAMS PROVIDING INCLUSION OPPORTUNITIES WHENEVER POSSIBLE...

THE DAY SCHOOL AND AFTER SCHOOL PROGRAM EDUCATED STUDENTS WITH DEVELOPMENTAL DISABILITIES IN ACADEMIC, VOCATIONAL AND LIFE SKILLS PROGRAMS PROVIDING INCLUSION OPPORTUNITIES WHENEVER POSSIBLE. ADDITIONAL STUDENTS WERE PROVIDED WITH SELF-CONTAINED AND INCLUSIVE RESPITE PROGRAMMING DURING SCHOOL VACATIONS.

Program 2

Expenses: $131,168 Revenue: $1,135,143

KULANU ACADEMY PROVIDES VOCATIONAL SERVICES FOR YOUNG ADULTS ATTENDING SCHOOL OR WHO HAVE AGED OUT OF DISTRICT OR DEPARTMENT OF EDUCATION PLACEMENTS.KULANU WORKS WITH EACH INDIVIDUAL TO DISCOVER...

KULANU ACADEMY PROVIDES VOCATIONAL SERVICES FOR YOUNG ADULTS ATTENDING SCHOOL OR WHO HAVE AGED OUT OF DISTRICT OR DEPARTMENT OF EDUCATION PLACEMENTS.KULANU WORKS WITH EACH INDIVIDUAL TO DISCOVER THEIR SKILLS, APTITUDES AND INTERESTS, AND THEN DEVELOP COMMUNITY-BASED WORK EXPERIENCES TO MEET THEIR NEEDS. KULANU PROVIDES, IN CONJUNCTION WITH THE INDIVIDUAL AND THEIR TEAM, JOB STRENGTHENING, JOB SEEKING, EMPLOYMENT SECUREMENT, EMPLOYMENT ACCLIMATION AND ORIENTATION, JOB COACHING AND JOB RETENTION SERVICES.KULANU ACADEMY'S VOCATIONAL DEPARTMENT HAS PARTNERED WITH OVER 100 LOCAL EMPLOYERS WHO ASSIST OUR STUDENTS IN BUILDING THEIR WORKPLACE READINESS SKILLS WHILE DEVELOPING THEIR VOCATIONAL INTERESTS TO PREPARE FOR FUTURE EMPLOYMENT. IN ADDITION, OUR TRANSITION TEAM WORKS CLOSELY WITH FAMILIES AND THEIR COMMUNITIES AS THEIR WORKFORCE CHAPTER BEGINS.

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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 $2,699,237

Program Service Revenue $8,303,273

Investment Income $489,292

Other Revenue $1,636,370

TOTAL REVENUE $13,128,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,729,478

Fundraising Expenses $286,181

Program Expenses $5,911,329

Other Expenses $2,217,366

TOTAL EXPENSES $8,946,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,128,172	$7,747,952	+0.7%
Expenses	$8,946,844	$7,649,701	+0.2%
Net Income	$4,181,328	$98,251	+41.6%

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

181

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

$710,217

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SCHOENFELD	TREASURER	1.00	Director	$0	$0	$0
JONATHAN GLAUBACH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SHAPIRO	TRUSTEE	1.00	Director	$0	$0	$0
ALYSSA STERBA	SECRETARY	1.00	Director	$0	$0	$0
SANDRA SPEISER	TRUSTEE	1.00	Director	$0	$0	$0
MELODIE SCHARF	TRUSTEE	1.00	Director	$0	$0	$0
MARK HONIGSFELD	CHAIRMAN / PRESIDENT OF TH	1.00	Officer	$0	$0	$0
BETH RASKIN	EXECUTIVE DIRECTOR	60.00	Key Emp	$268,813	$17,186	$285,999
IRA GREEN	DIRECTOR OF FINANCIAL MANA	40.00	Key Emp	$207,466	$34,387	$241,853
DINA ROSENBERG	DIRECTOR	40.00	Key Emp	$182,365	$0	$182,365
GAYLE FREMED	HUMAN RESOURCES	40.00	Highest	$108,323	$0	$108,323
JOHNHANNA OTERO	DIRECTOR	40.00	Highest	$101,199	$0	$101,199
ESTHER WEINSTEIN-KROWN	DIRECTOR	40.00	Highest	$101,236	$0	$101,236

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	$13,128,172	$8,946,844	$17,916,096	$4,181,328
2024	$7,747,952	$7,649,701	$13,643,497	$98,251
2023	$6,837,342	$6,703,148	$13,753,303	$134,194
2022	$6,279,639	$6,229,158	$13,872,438	$50,481
2021	$6,649,774	$5,627,142	$12,004,617	$1,022,632
2020	$7,011,557	$6,562,755	$12,156,335	$448,802
2019	$7,484,940	$7,156,200	$12,969,169	$328,740