SEPHARDIC COMMUNITY ALLIANCE

EIN: 270728655 501(c)(3) Religion

NEW YORK, NY

Total Revenue
$1,205,621
Total Expenses
$1,126,157
Total Assets
$67,733
Net Assets
$-529,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
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 WAS FORMED FOR THE PURPOSE OF PROMOTING THE CORE VALUES AND HERITAGE WITHIN THE SEPHARDIC JEWISH COMMUNITY OF THE GREATER NEW YORK METROPOLITAN AREA.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
4
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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