JGB EDUCATION SERVICES

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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

1990

Legal Domicile

Principal Officer

HIMANSHU SHAH

Phone

2127696200

Tax Period

2017-07-01 to 2018-06-30

JGB EDUCATION SERVICES, founded in 1990, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2017. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.5M exceeded revenue, resulting in a 58% operating deficit.

Mission

TO HELP CHILDREN AND YOUNG ADULTS WHO ARE BLIND OR VISUALLY IMPAIRED AND WHO MAY HAVE MULTIPLE DISABILITIES, LEAD PRODUCTIVE LIVES.

Program Service Accomplishments

Program 1

Expenses: $4,846,025 Revenue: $3,503,899

THE HARRIET AND ROBERT HEILBRUNN SCHOOL PROVIDES EDUCATION AND THERAPEUTIC SERVICES FOR STUDENTS AGES 5-21 WHO ARE BLIND, VISUALLY IMPAIRED AND/OR DEAF, AND HAVE ADDITIONAL DISABILITIES. SEE SCHEDULE...

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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 (2017)

Revenue Breakdown

Contributions & Grants $590,390

Program Service Revenue $3,503,899

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,094,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,939,589

Fundraising Expenses $0

Program Expenses $4,846,025

Other Expenses $2,522,295

TOTAL EXPENSES $6,461,884

Year-over-Year Comparison

	2017	2016	Change
Revenue	$4,094,289	$3,540,758	+0.2%
Expenses	$6,461,884	$5,712,404	+0.1%
Net Income	$-2,367,595	$-2,171,646	+0.1%

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

$4,342,062

Total Directors

$1,771,933

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M DUBIN	CHAIRMAN	0.1	Officer Director	$0	$0	$0
JOSEPH A RIPP	VICE CHAIRMAN	0.1	Officer Director	$0	$0	$0
ALAN R MORSE	CHIEF EXECUTIVE OFFICER	0.5	Officer Director	$10,251	$39,133	$1,064,237
SARAH E SMITH	TREASURER - ON LEAVE	0.1	Officer Director	$0	$0	$0
ROBERT B OKUN	SECRETARY	0.1	Officer Director	$0	$0	$0
LAWRENCE E GOLDSCHMIDT	DEPUTY CHAIR & SECRETARY	0.1	Officer Director	$0	$0	$0
JONATHAN M WAINWRIGHT	DEPUTY CHAIR (END- 6/21/2018)	0.1	Officer Director	$0	$0	$0
RONALD G WEINER	DEPUTY CHAIR	0.1	Officer Director	$0	$0	$0
MARK G ACKERMANN	PRESIDENT	7.5	Officer Director	$96,819	$62,239	$707,696
MARIOS DAMIANIDES	DIRECTOR	0.1	Officer Director	$0	$0	$0
PAULINE RAIFF	PAST CHAIR	0.1	Officer Director	$0	$0	$0
CHARLES F BLUM	GENERAL COUNSEL	0.0	Officer	$0	$53,677	$426,321
KELLYANNE CAIVANO	EVP, FINANCE & ASST TREASURER	0.0	Officer	$0	$0	$0
IRMA EVANS	ASST. SECRETARY (END-9/8/2017)	0.0	Officer	$0	$0	$0
BRUCE A MASTALINSKI	COO (END- 9/25/2017)	1.47	Officer	$15,403	$21,822	$439,842
LYNN ROTHSTEIN	CHIEF DEV OFFICER	0.0	Officer	$0	$0	$0
SARAH A SPICEHANDLER	ASSISTANT SECRETARY	0.35	Officer	$879	$30,040	$117,976
MAURA SWEENEY	SVP PROGRAMS & SERVICES	3.25	Officer	$28,211	$26,057	$373,274
CATHLEEN A WIRTS	CHIEF STRATEGY OFFICER	0.0	Officer	$30,634	$28,404	$301,914
KAREN A WISH	CHIEF MARKETING OFFICER	4.48	Officer	$36,528	$54,155	$380,293
CHRISTINA WONG	CHIEF FINANCIAL OFFICER	1.38	Officer	$16,854	$40,713	$530,509
MELISSA ROSENBAUM	VP HUMAN RESOURCES	1.85	Highest	$9,852	$59,628	$245,942
LISA FERFOGLIA	HR & SITE ADMINISTRATOR	1.85	Highest	$8,749	$26,629	$192,081
LINDA L GERRA	DIR. OF CHILDREN'S VISION	7.88	Highest	$32,384	$42,339	$186,269
SARA PITTERMAN	AVP FINANCE	0.0	Highest	$0	$0	$0
CHARLES M CAMPOS	DIR. OF BUDGET & REIMBURSEMENT	1.2	Highest	$4,913	$39,329	$182,129
ANNMARIE O'HEARN	VP, COMMUNITY HEALTH	3.92	Highest	$18,727	$23,844	$191,042

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
2018	$4,094,289	$6,461,884	$395,361	$-2,367,595