ITS GOOD TO KNOW

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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

2005

Legal Domicile

Principal Officer

Schneur Zalman Friedman

Phone

2129949644

Tax Period

2023-01-01 to 2023-12-31

ITS GOOD TO KNOW, founded in 2005, is a small nonprofit in the Religion sector that reported $973K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $922K left a modest 5% surplus.

Mission

Its Good to Know is a non profit life-learning foundation that create programs to rejuvenate, enrich, and heal the Jew and Non-Jew, our communities and the world. We provide products, resources and services to help you empower yourself, to attain your goals, break barriers and overcome obstacles so you can take charge of yourself and our world.

Program Service Accomplishments

Program 1

Expenses: $828,380 Revenue: $969,362

We provide products, resources and services to promote individual growth and self help.

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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 $788,729

Program Service Revenue $180,633

Investment Income $0

Other Revenue $3,912

TOTAL REVENUE $973,274

Expense Breakdown

Grants Paid $164,634

Salaries & Benefits $217,132

Fundraising Expenses $36,629

Program Expenses $828,380

Other Expenses $519,480

TOTAL EXPENSES $921,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$973,274	$1,167,424	-0.2%
Expenses	$921,968	$826,892	+0.1%
Net Income	$51,306	$340,532	-0.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shneur Friiedman	Director, President	040.00	Officer Director	$0	$0	$0
Brocha Marsow	Secretary	030.00	Officer Director	$0	$0	$0
Moredchai Freidmann	Treasurer	002.00	Officer 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	No data	No data	No data	No data
2023	$973,274	$921,968	$603,998	$51,306
2022	$1,167,424	$826,892	$563,508	$340,532
2021	$861,119	$805,247	$221,609	$55,872
2020	$534,723	$416,046	$164,091	$118,677
2019	$317,082	$281,008	$48,249	$36,074
2018	$224,820	$243,845	$15,359	$-19,025