KINNERET DAY SCHOOL INC

EIN: 131778283 501(c)(3) Education

RIVERDALE, NY

Total Revenue
$4,056,931
Total Expenses
$4,544,234
Total Assets
$6,014,466
Net Assets
$4,172,046
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NY
Principal Officer
ASHER ABRAMOWITZ
Phone
7185480900
Tax Period
2023-09-01 to 2024-08-31

KINNERET DAY SCHOOL INC, founded in 1962, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

EDUCATIONAL AND RELIGIOUS INSTRUCTION FOR CHILDREN

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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 $766,272
Program Service Revenue $3,144,031
Investment Income $97,928
Other Revenue $48,700
TOTAL REVENUE $4,056,931

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,162,366
Fundraising Expenses $58,255
Program Expenses $4,292,400
Other Expenses $1,381,868
TOTAL EXPENSES $4,544,234

Year-over-Year Comparison

2023 2022 Change
Revenue $4,056,931 $4,433,141 -0.1%
Expenses $4,544,234 $4,375,055 +0.0%
Net Income $-487,303 $58,086 -9.4%
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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Governance

Voting Members
5
Independent Members
5
Employees
40
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
6
$0
Total Directors
11
$307,460
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHER ABRAMOWITZ PRINCIPAL/DIRECTOR 35.00
Director
$0 $0 $276,564
GENEE LEHR VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOSHUA MODLINGER MEMBER 2.00
Officer Director
$0 $0 $0
JACK SIMONY FINANCIAL SECRETARY 2.00
Officer Director
$0 $0 $0
AMY HIBSHOOSH RECORD SECRETARY 2.00
Officer Director
$0 $0 $0
ISAIAH HERMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
HERSHEL GOLDFIELD CHAIRMAN AUDIT COMMITTEE 2.00
Officer Director
$0 $0 $0
MINNIE KRAKOWSKY CHAIRMAN EDUCATION COMMITT 2.00
Director
$0 $0 $0
DANA JACOBER TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH JACOBER TRUSTEE 2.00
Director
$0 $0 $0
AARON FRANK VICE-PRINCIPAL 35.00
Director
$0 $0 $30,896
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 $4,056,931 $4,544,234 $6,014,466 $-487,303
2023 $4,433,141 $4,375,055 $6,555,490 $58,086
2022 $3,958,219 $4,110,700 $5,205,500 $-152,481
2021 $3,826,972 $4,059,771 $5,171,275 $-232,799
2020 $4,272,293 $4,098,628 $5,364,627 $173,665
2019 $3,854,281 $4,394,923 $5,192,016 $-540,642
2018 $3,362,165 $4,321,003 $5,767,502 $-958,838
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