MANHATTAN SEPHARDIC CONGREGATION

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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

Meyer Chetrit

Phone

2129886085

Tax Period

2020-01-01 to 2020-12-31

MANHATTAN SEPHARDIC CONGREGATION, founded in 1990, is a small nonprofit that reported $808K in total revenue in fiscal year 2020. Revenue decreased 16% compared to the prior year. Expenses of $780K left a modest 3% surplus.

Mission

It is the express purpose of Congregation, to: (i) to conduct daily/periodic prayer services in accordance with Jewish Law; (ii) provide the proper facilities for the teaching and dissemination of knowledge through the establishment and maintenance of regular and periodic adult, teen and children programs, all teaching and dissemination according to Jewish Law; (iii) to promote (Continued on Schedule O, Statement 3)

Program Service Accomplishments

Program 1

Expenses: $780,218 Revenue: $0

COMMUNITY CENTER

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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 (2020)

Revenue Breakdown

Contributions & Grants $808,211

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $808,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,160

Fundraising Expenses $0

Program Expenses $780,218

Other Expenses $415,058

TOTAL EXPENSES $780,218

Year-over-Year Comparison

	2020	2019	Change
Revenue	$808,211	$964,667	-0.2%
Expenses	$780,218	$903,715	-0.1%
Net Income	$27,993	$60,952	-0.5%

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

N/A

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

Total Directors

Key Employees

$284,272

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raphael Benchimol	Rabbi	48	Key Emp Highest	$107,589	$0	$107,589
Arash Nefas	Director	40	Key Emp	$55,208	$0	$55,208
Marc Hazan	Cantor	40	Key Emp	$50,000	$0	$50,000
Gerardy Fortuna	Maintenance	40	Key Emp	$36,456	$0	$36,456
Chalom Sibony	Bookkeeper	30	Key Emp	$35,019	$0	$35,019

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
2020	$808,211	$780,218	$3,213,388	$27,993
2019	$964,667	$903,715	$3,621,867	$60,952
2018	$917,353	$815,354	$3,638,693	$101,999