NATIONAL HERITAGE SOCIETY

EIN: 116314859 501(c)(3)

BROOKLYN, NY

Total Revenue
$155,128
Total Expenses
$1,324,514
Total Assets
$46,529
Net Assets
$46,529
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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
1987
Legal Domicile
NY
Principal Officer
GERSHON GINSBERG
Tax Period
2023-07-01 to 2024-06-30

NATIONAL HERITAGE SOCIETY, founded in 1987, is a small nonprofit that reported $155K in total revenue in fiscal year 2023. Revenue surged 1304% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 754% operating deficit.

Mission

RELIGIOUS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $93,019
Program Service Revenue $0
Investment Income $62,109
Other Revenue $0
TOTAL REVENUE $155,128

Expense Breakdown

Grants Paid $1,317,280
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,322,165
Other Expenses $7,234
TOTAL EXPENSES $1,324,514

Year-over-Year Comparison

2023 2022 Change
Revenue $155,128 $11,052 +13.0%
Expenses $1,324,514 $17,675 +73.9%
Net Income $-1,169,386 $-6,623 +175.6%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELI DESSLER VICE PRESIDE 5.00
Officer Director
$0 $0 $0
GERSHON GINSBERG PRESIDENT 5.00
Officer Director
$0 $0 $0
BRIAN PENN SECTY 5.00
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 $155,128 $1,324,514 $46,529 $-1,169,386
2023 $11,052 $17,675 $1,215,915 $-6,623
2022 $6,058 $2,569 $1,006,313 $3,489
2021 $8,695 $11,951 $1,153,594 $-3,256
2020 $8,885 $2,167 $975,348 $6,718
2019 $49,899 $76,682 $887,053 $-26,783
2018 $309,963 $313,553 $742,431 $-3,590
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