SEPHARDIC COLLEGE FOR RABBINIC AND SECULAR STUDIES INC (EIN 134062240) - 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

1999

Legal Domicile

Principal Officer

MIKE TAWIL

Phone

7325749000

Tax Period

2024-01-01 to 2024-12-31

SEPHARDIC COLLEGE FOR RABBINIC AND SECULAR STUDIES INC, founded in 1999, is a small nonprofit in the Religion sector that reported $714K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $652K left a modest 9% surplus.

Mission

TRAINING OF SEPHARDIC JEWISH INDIVIDUALS TO BECOME RABBIS AND TEACHERS AND DISSEMINATION OF JUDAIC AND TALMUDIC TEACHINGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $714,392

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $714,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $618,097

Fundraising Expenses $0

Program Expenses $635,924

Other Expenses $33,703

TOTAL EXPENSES $651,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$714,392	$918,087	-0.2%
Expenses	$651,800	$1,043,001	-0.4%
Net Income	$62,592	$-124,914	-1.5%

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

$31,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK OVED	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHARLES SAKA	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
MIKE TAWIL	EXECUTIVE DIRECTOR	10.00	Director	$31,667	$0	$31,667
JOSEPH KASSIN	DIRECTOR	1.00	Director	$0	$0	$0
JACOB FRANCO	DIRECTOR	1.00	Director	$0	$0	$0
MARC DWECK	DIRECTOR	1.00	Director	$0	$0	$0
JACOB COHEN	DIRECTOR	1.00	Director	$0	$0	$0
SAUL ASHKENAZI	DIRECTOR	1.00	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	$714,392	$651,800	$32,542	$62,592
2023	$918,087	$1,043,001	$119,288	$-124,914
2022	$1,152,440	$1,127,913	$174,785	$24,527
2021	$1,364,355	$1,244,389	$195,423	$119,966
2020	$1,380,918	$1,372,864	$75,451	$8,054
2019	$1,337,278	$1,515,462	$67,441	$-178,184
2018	$1,606,510	$1,756,938	$245,864	$-150,428

SEPHARDIC COLLEGE FOR RABBINIC AND SECULAR STUDIES INC