HAMASPIK OF KINGS COUNTY INC (EIN 161522895) - 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

1997

Legal Domicile

Principal Officer

TZVI WERTHEIMER

Phone

7183878400

Tax Period

2024-07-01 to 2025-06-30

HAMASPIK OF KINGS COUNTY INC, founded in 1997, is a major nonprofit in the Human Services sector that reported $195.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $189.2M left a modest 3% surplus.

Mission

TO PROVIDE HEALTH AND HUMAN SERVICES FOR INDIVIDUALS IN NEED, ENABLING THEM TO ACHIEVE THEIR HIGHEST POTENTIAL AND ENHANCE THE QUALITY OF THEIR LIVES TO THE FULLEST. HAMASPIK'S WORK IS CARRIED ON IN AN ATMOSPHERE OF COMPASSION AND PROFESSIONALISM.

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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 $0

Program Service Revenue $192,999,848

Investment Income $1,907,704

Other Revenue $610,639

TOTAL REVENUE $195,518,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,462,882

Fundraising Expenses $0

Program Expenses $179,595,412

Other Expenses $82,688,049

TOTAL EXPENSES $189,150,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,518,191	$175,285,751	+0.1%
Expenses	$189,150,931	$179,617,233	+0.1%
Net Income	$6,367,260	$-4,331,482	-2.5%

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

4391

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

$1,067,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOSHE COHN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID KOHN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JONAS HOFFMAN	MEMBER	1.00	Director	$0	$0	$0
JOEL RUBIN	MEMBER	1.00	Officer Director	$0	$0	$0
TZVI WERTHEIMER	EXECUTIVE DI	40.00	Officer	$983,734	$84,177	$1,067,911
ABRAHAM SOLOMON	CLINIC DIREC	40.00	Highest	$592,679	$67,391	$660,070
NAFTALI TESSLER	CHEIF OF STA	40.00	Highest	$493,441	$70,889	$564,330
ISRAEL J GREENZWEIG	CONTROLLER	40.00	Highest	$425,626	$70,374	$496,000
YEHUDA SPANGELET	DAY SERVICE	40.00	Highest	$407,780	$40,123	$447,903
SIGMUND BUXBAUM	DIRECTOR OF	40.00	Highest	$401,164	$69,251	$470,415

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
2025	$195,518,191	$189,150,931	$180,328,352	$6,367,260
2024	No data	No data	No data	No data
2023	$184,873,181	$165,480,357	$166,657,009	$19,392,824
2022	$152,132,549	$121,067,560	$76,373,861	$31,064,989
2021	$75,293,470	$67,385,095	$37,989,736	$7,908,375
2020	$43,146,460	$40,012,524	$26,767,860	$3,133,936
2019	$25,321,802	$24,123,323	$18,104,301	$1,198,479

HAMASPIK OF KINGS COUNTY INC