ROCKLAND OPPORTUNITY DEVELOPMENT ASSOCIATION INC (EIN 133676459) - Form 990 Financial Analysis & Trantor Score

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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

ISRAEL NEIMAN

Phone

8453522932

Tax Period

2023-01-01 to 2023-12-31

ROCKLAND OPPORTUNITY DEVELOPMENT ASSOCIATION INC, founded in 1990, is a small nonprofit in the Human Services sector that reported $352K in total revenue in fiscal year 2023. Expenses of $396K exceeded revenue, resulting in a 13% operating deficit.

Mission

ROCKLAND OPPORTUNITY DEVELOPMENT ASSOCIATION, INC. HAS BEEN FORMED TO PROMOTE, FOSTER, AND IMPROVE THE HEALTH WELFARE AND ECONOMIC STATUS OF THE NEEDY, ELDERLY, AND THOSE LIVING BELOW THE POVERTY LEVEL. THEY ALSO SEEK TO IDENTIFY THE EMPLOYMENT, HOUSING, AND SOCIAL SERVICE NEEDS OF THIS SAME CATEGORY OF THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $235,155

Program Service Revenue $0

Investment Income $0

Other Revenue $116,400

TOTAL REVENUE $351,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,525

Fundraising Expenses $0

Program Expenses $132,974

Other Expenses $262,529

TOTAL EXPENSES $396,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,555	$347,626	+0.0%
Expenses	$396,054	$438,481	-0.1%
Net Income	$-44,499	$-90,855	-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

Employees

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

$46,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISRAEL NEIMAN	PRESIDENT	40.00	Director	$46,000	$0	$46,000
MOSHE HAGER	OFFICER	N/A	Director	$0	$0	$0
MOSHE PINKAS	V. PRESIDENT	N/A	Director	$0	$0	$0
JOSEPH RAAB	TREASURER	N/A	Director	$0	$0	$0
ISAAC ROSENBERG	OFFICER	N/A	Director	$0	$0	$0
YECHIEL ROSENBERG	SECRETARY	N/A	Director	$0	$0	$0
MEYER ROSENFELD	OFFICER	N/A	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
2023	$351,555	$396,054	$3,379,998	$-44,499
2022	$347,626	$438,481	$3,359,991	$-90,855
2021	$318,707	$346,280	$3,429,781	$-27,573
2020	$356,537	$265,639	$3,474,658	$90,898
2019	$327,789	$332,910	$3,455,147	$-5,121
2018	$236,775	$304,784	$3,472,534	$-68,009

ROCKLAND OPPORTUNITY DEVELOPMENT ASSOCIATION INC