MASBIA OF BORO PARK (EIN 263851559) - 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

2008

Legal Domicile

Principal Officer

ALEXANDER RAPAPORT

Phone

7189724446

Tax Period

2023-07-01 to 2024-06-30

MASBIA OF BORO PARK, founded in 2008, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

THE MASBIA SOUP KITCHEN NETWORK PROVIDES EMERGENCY FOOD FREE OF CHARGE TO PEOPLE IN NEED DUE TO FINANCIAL STATUS OR BECAUSE OF NATURAL DISASTERS VIA READY-TO-EAT NUTRIOUS MEALS AND RAW GROCERIES.

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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 $2,709,058

Program Service Revenue $0

Investment Income $1,340

Other Revenue $0

TOTAL REVENUE $2,710,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,188

Fundraising Expenses $107,263

Program Expenses $2,330,250

Other Expenses $2,415,698

TOTAL EXPENSES $2,670,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,710,398	$4,070,240	-0.3%
Expenses	$2,670,886	$4,102,766	-0.3%
Net Income	$39,512	$-32,526	-2.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

1000

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
MORDECHAI MANDELBAUM	CHAIRPERSON	N/A	Director	$0	$0	$0
BARRY GLICK	TREASURER	N/A	Officer Director	$0	$0	$0
RABBI YIDEL MELBER	DIRECTOR	N/A	Director	$0	$0	$0
CHAIM HERSH FRIEDMAN	DIRECTOR	N/A	Director	$0	$0	$0
CHAIM YESHUAH STERN	DIRECTOR	N/A	Director	$0	$0	$0
FAIGY NEUMAN	DIRECTOR	N/A	Director	$0	$0	$0
ALEXANDER RAPAPORT	EXECUTIVE DI	N/A	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
2025	No data	No data	No data	No data
2024	$2,710,398	$2,670,886	$157,279	$39,512
2023	$4,070,240	$4,102,766	$153,591	$-32,526
2022	$7,076,358	$7,324,307	$108,585	$-247,949
2021	$5,070,269	$5,016,288	$120,168	$53,981
2020	$2,313,760	$2,482,343	$218,927	$-168,583
2019	$964,267	$998,948	$138,517	$-34,681
2018	$1,002,860	$986,037	$155,485	$16,823

MASBIA OF BORO PARK