TORAH INSTITUTE OF LAKEWOOD INC

EIN: 223675582 501(c)(3)

LAKEWOOD, NJ

Total Revenue
$2,713,780
Total Expenses
$3,093,795
Total Assets
$3,394,207
Net Assets
$-348,315
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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
NJ
Principal Officer
BEN G HEINEMANN
Phone
7323635285
Tax Period
2018-09-01 to 2019-08-31

TORAH INSTITUTE OF LAKEWOOD INC, founded in 1999, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2018. Expenses of $3.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE A QUALITY RELIGIOUS AND SECULAR EDUCATION TO ELEMENTARY SCHOOL STUDENTS.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $758,353
Program Service Revenue $1,932,804
Investment Income $23
Other Revenue $22,600
TOTAL REVENUE $2,713,780

Expense Breakdown

Grants Paid $33,881
Salaries & Benefits $531,512
Fundraising Expenses $57,063
Program Expenses $3,019,465
Other Expenses $2,528,402
TOTAL EXPENSES $3,093,795

Year-over-Year Comparison

2018 2017 Change
Revenue $2,713,780 N/A N/A
Expenses $3,093,795 $85,332 +35.3%
Net Income $-380,015 $-85,332 +3.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
35

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN G HEINEMANN PRESIDENT 15.00
Officer Director
$0 $0 $0
GERSHON SPEIGEL VP 5.00
Officer Director
$0 $0 $0
DOV S MILLER TREASURER 5.00
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
2019 $2,713,780 $3,093,795 $3,394,207 $-380,015
2018 $3,251,948 $3,134,105 $3,571,228 $117,843
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