THE SEPHARDIC HERITAGE MUSEUM INC

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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

JOSEPH J SITT

Phone

2125295730

Tax Period

2023-07-01 to 2024-06-30

THE SEPHARDIC HERITAGE MUSEUM INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $5.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

MAINTAINING AND PUBLICLY DISPLAYING OBJECTS OF HISTORICAL AND CULTURAL SIGNIFICANCE AS WELL AS PROVIDING CRITICAL AND TIMELY FINANCIAL SUPPORT TO ISRAELI ORGANIZATIONS ADDRESSING URGENT NEEDS ARISING FROM CONFLICT AND CRISIS.

Program Service Accomplishments

Program 1

Expenses: $5,119,315

IT MAINTAINS AND PUBLICLY DISPLAYS OBJECTS OF HISTORICAL, CULTURAL, AND RELIGIOUS SIGNIFICANCE TO PERSONS WITH SEPHARDIC JEWISH DESCENT AND THEIR HERITAGE. IN ADDITION, IT PROVIDES CRITICAL AND...

IT MAINTAINS AND PUBLICLY DISPLAYS OBJECTS OF HISTORICAL, CULTURAL, AND RELIGIOUS SIGNIFICANCE TO PERSONS WITH SEPHARDIC JEWISH DESCENT AND THEIR HERITAGE. IN ADDITION, IT PROVIDES CRITICAL AND TIMELY FINANCIAL SUPPORT TO ISRAELI ORGANIZATIONS ADDRESSING URGENT NEEDS ARISING FROM CONFLICT AND CRISIS, INCLDING HUMANITARIAN AID, SECURITY ASSISTANCE, AND TRAUMA RELIEF, WHILE FOSTERING LONG TERM RECOVERY AND RESILIENCE.

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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 $4,851,797

Program Service Revenue $0

Investment Income $164,562

Other Revenue $-4,038

TOTAL REVENUE $5,012,321

Expense Breakdown

Grants Paid $1,773,461

Salaries & Benefits $480,493

Fundraising Expenses $0

Program Expenses $5,119,315

Other Expenses $3,514,005

TOTAL EXPENSES $5,767,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,012,321	$3,670,618	+0.4%
Expenses	$5,767,959	$4,373,524	+0.3%
Net Income	$-755,638	$-702,906	+0.1%

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
ARYEH WIESENFELD	EMPLOYEE	35.0	Highest	$101,475	$0	$101,475
JOSEPH J SITT	PRESIDENT	1.0	Officer	$0	$0	$0
GABE ZEITOUNI	VICE PRESIDENT	1.0	Officer	$0	$0	$0
MORRIS MISSRY	SECRETARY	1.0	Officer	$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	$5,012,321	$5,767,959	$15,222,365	$-755,638
2023	$3,670,618	$4,373,524	$15,280,975	$-702,906
2022	$5,335,130	$9,630,662	$15,451,134	$-4,295,532
2021	$1,875,746	$1,734,048	$19,194,885	$141,698
2020	$393,966	$1,613,717	$15,660,786	$-1,219,751
2019	$1,836,753	$2,193,663	$16,058,798	$-356,910
2018	$852,504	$2,110,160	$16,377,186	$-1,257,656