HATIKVAH INTERNATIONAL ACADEMY CHA… - Form 990 Financial Data

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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

DR MARCIA GRAYSON

Phone

7322548300

Tax Period

2024-07-01 to 2025-06-30

HATIKVAH INTERNATIONAL ACADEMY CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $13.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $12.4M left a modest 7% surplus.

Mission

THE CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION ESTABLISHED FOR THE PURPOSE OF OPERATING AND MAINTAINING A PUBLIC SCHOOL UNDER A CHARTER GRANTED BY THE STATE OF NEW JERSEY

Program Service Accomplishments

Program 1

Expenses: $9,706,900 Revenue: $0

THE ORGANIZATION IS A CHARTER SCHOOL. IT OPERATES A NON-PROFIT SCHOOL WHERE STUDENTS MAY OBTAIN A GENERAL EDUCATION IN CONFORMITY WITH THE CHARTER SCHOOL PROGRAM ACT OF 1995, P.L. 1985 ET. SEQ...

THE ORGANIZATION IS A CHARTER SCHOOL. IT OPERATES A NON-PROFIT SCHOOL WHERE STUDENTS MAY OBTAIN A GENERAL EDUCATION IN CONFORMITY WITH THE CHARTER SCHOOL PROGRAM ACT OF 1995, P.L. 1985 ET. SEQ. DURING THE YEAR ENDED JUNE 30, 2025, THE CHARTER SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 658 STUDENTS IN GRADES K TO 8.

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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 $12,998,950

Program Service Revenue $55,980

Investment Income $136,426

Other Revenue $139,676

TOTAL REVENUE $13,331,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,731,402

Fundraising Expenses $0

Program Expenses $9,706,900

Other Expenses $2,663,011

TOTAL EXPENSES $12,394,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,331,032	$12,228,931	+0.1%
Expenses	$12,394,413	$11,469,762	+0.1%
Net Income	$936,619	$759,169	+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

Governance

Voting Members

Independent Members

Employees

100

Volunteers

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

$253,550

Total Directors

Key Employees

$513,752

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL GRESACK	PRESIDENT	2.00	Officer Director	$0	$0	$0
HARISH HATHIRAMANI	TRUSTEE, VICE PRESIDENT	2.00	Director	$0	$0	$0
MARC HERMAN	TRUSTEE	2.00	Director	$0	$0	$0
SHAWNTELL MANNING	TRUSTEE	2.00	Director	$0	$0	$0
ARIE BEHAR	TRUSTEE	2.00	Director	$0	$0	$0
DR DAKE ZHANG	TRUSTEE	2.00	Director	$0	$0	$0
CRISTAL SHARMA	TRUSTEE	2.00	Director	$0	$0	$0
DR MARCIA GRAYSON	DIRECTOR, THRU JUNE 30, 2025	40.00	Officer Key Emp Highest	$253,550	$0	$253,550
KATHLEEN MONE	SCHOOL BUSINESS ADMINISTRATOR	8.00	Officer	$0	$0	$0
AMANDA ROSENBERG	DIRECTOR AS FROM JULY 1, 2025	40.00	Key Emp	$133,979	$0	$133,979
SARA SCHWARTZ	WORLD LANGUAGE SUPERVISOR	40.00	Key Emp	$126,223	$0	$126,223

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	$13,331,032	$12,394,413	$6,866,464	$936,619
2024	$12,228,931	$11,469,762	$5,663,445	$759,169
2023	$11,302,284	$10,685,242	$3,133,728	$617,042
2022	$10,417,159	$9,935,625	$2,451,769	$481,534
2021	$8,196,462	$8,056,122	$2,169,211	$140,340

HATIKVAH INTERNATIONAL ACADEMY CHARTER SCHOOL