SAVAL CHARITABLE TRUST

EIN: 226511492 501(c)(3) Philanthropy & Grantmaking

NEEDHAM, MA

Total Revenue
$301,286
Total Expenses
$1,153,382
Total Assets
$9,676,504
Net Assets
$9,675,004
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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
1987
Legal Domicile
MA
Principal Officer
HARVEY GERTEL
Phone
7814443399
Tax Period
2023-07-01 to 2024-06-30

SAVAL CHARITABLE TRUST, founded in 1987, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $301K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 283% operating deficit.

Mission

TO PROVIDE SUPPORT TO MAIMONIDES SCHOOL OF BROOKLINE, MA

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $73,886
Other Revenue $227,400
TOTAL REVENUE $301,286

Expense Breakdown

Grants Paid $1,075,710
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,075,710
Other Expenses $77,672
TOTAL EXPENSES $1,153,382

Year-over-Year Comparison

2023 2022 Change
Revenue $301,286 $315,170 0.0%
Expenses $1,153,382 $1,011,759 +0.1%
Net Income $-852,096 $-696,589 +0.2%
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
4
Independent Members
3
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARVEY GERTEL TRUSTEE 2.00
Director
$0 $0 $0
PETER B FINN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD SAVAL TRUSTEE 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 $301,286 $1,153,382 $9,676,504 $-852,096
2023 $315,170 $1,011,759 $9,543,029 $-696,589
2022 $460,603 $643,791 $9,520,104 $-183,188
2021 $1,133,106 $460,876 $10,777,617 $672,230
2020 $194,777 $14,176 $8,934,318 $180,601
2019 $351,656 $62,487 $9,053,795 $289,169
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