SEPHARDIC COMMUNITY ALLIANCE

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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

2009

Legal Domicile

Principal Officer

MORRIS A COHEN

Phone

7182529840

Tax Period

2024-01-01 to 2024-12-31

SEPHARDIC COMMUNITY ALLIANCE, founded in 2009, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 7% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO BUILD THE SEPHARDIC COMMUNITY'S FUTURE BY PRESERVING THE COMMUNITY'S PAST. THIS ORGANIZATION WAS ESTABLISHED TO REINFORCE AND PRESERVE THE TRADITIONAL SEPHARDIC WAY OF LIFE OF THE COMMUNITY'S ANCESTORS BASED ON THE PRINCIPLES SET FORTH IN THEIR DECLARATION OF VALUES. THE ORGANIZATION'S COMMITMENT IS TO SERVE AS A PLATFORM FOR LAY LEADERS TO WORK IN UNISON WITH COMMUNITY RABBIS, INSTITUTIONS AND OTHER ORGANIZATIONS IN PROMOTING THE PERPETUATION OF THESE VALUES. THE ORGANIZATION WILL SUPPORT ALL THOSE THAT EMBRACE THE SEPHARDIC TRADITIONS AND RICH HERITAGE AND THAT UPHOLD AND ENDORSE THESE VALUES. THE SEPHARDIC COMMUNITY HAS A LONG AND PROUD HISTORY OF TORAH OBSERVANCE AND ADHERENCE TO TRADITIONAL SEPHARDIC VALUES AND CUSTOMS. IN ORDER TO PERPETUATE THESE VALUES AND CUSTOMS AND TO HELP ENSURE THE CONTINUITY OF THE BLESSINGS THAT THEY HAVE LONG ENJOYED AS A COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $293,084

TORAH LEARNING:THESE PROGRAMS FEATURE BOTH RELIGIOUS AND EDUCATIONAL CLASSES FOR MEN AND WOMEN IN DEAL, NJ, AND BROOKLYN, NY. THEY PROVIDE AN OPPORTUNITY TO LEARN FROM AND BE EXPOSED TO A WIDE...

TORAH LEARNING:THESE PROGRAMS FEATURE BOTH RELIGIOUS AND EDUCATIONAL CLASSES FOR MEN AND WOMEN IN DEAL, NJ, AND BROOKLYN, NY. THEY PROVIDE AN OPPORTUNITY TO LEARN FROM AND BE EXPOSED TO A WIDE VARIETY OF ESTABLISHED COMMUNITY EDUCATORS WHO ARE WELL KNOWN IN THE SCHOOLS AND SYNAGOGUES OF THE COMMUNITY.

Program 2

Expenses: $557,079 Revenue: $556,612

YOUNG ADULT INITIATIVES:THESE EVENTS, FOR MEN AND WOMEN AGES 18-25, OFFER EDUCATION ON A VARIETY OF THEMES INCLUDING SEPHARDIC AND JEWISH HERITAGE AND PRIDE, ANTISEMITISM ON CAMPUS AND SOLIDARITY...

YOUNG ADULT INITIATIVES:THESE EVENTS, FOR MEN AND WOMEN AGES 18-25, OFFER EDUCATION ON A VARIETY OF THEMES INCLUDING SEPHARDIC AND JEWISH HERITAGE AND PRIDE, ANTISEMITISM ON CAMPUS AND SOLIDARITY TRIPS TO ISRAEL THAT FOCUS ON VISITING FAMILIES OF HOSTAGES, SOLDIERS AND TOURING THE LAND.

Program 3

Expenses: $0 Revenue: $9,514

MINHAG OF THE WEEK:OUR MINHAG OF THE WEEK EPISODES EDUCATE OUR COMMUNITY ABOUT ITS SYRIAN AND MIDDLE EASTERN TRADITIONS. THIS INITIATIVE LAUNCHED IN 2019 AND NOW HAS OVER A QUARTER OF A MILLION VIEWS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $639,495

Program Service Revenue $566,126

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,205,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,154

Fundraising Expenses $79,852

Program Expenses $850,163

Other Expenses $945,003

TOTAL EXPENSES $1,126,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,205,621	$1,111,103	+0.1%
Expenses	$1,126,157	$1,502,123	-0.3%
Net Income	$79,464	$-391,020	-1.2%

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

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
RICKY NOVICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
IKEY CABASSO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIELLE HAZZAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MORRIS A COHEN	TREASURER	1.00	Officer Director	$0	$0	$0
SHIRLEY CATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN DAYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY DWECK	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM HADDAD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROCHELLE HAFIF	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE HANAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE SALEM	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN SHAMAH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEY SOFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
OVADIA SUTTON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND TAWIL	BOARD MEMBER	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	$1,205,621	$1,126,157	$67,733	$79,464
2023	$1,111,103	$1,502,123	$81,902	$-391,020
2022	$978,881	$950,013	$246,245	$28,868
2021	$844,538	$655,193	$143,491	$189,345
2020	$684,180	$559,417	$168,107	$124,763
2019	$781,346	$719,784	$5,442	$61,562
2018	$1,155,371	$1,044,963	$23,278	$110,408