HATIKVAH INTERNATIONAL ACADEMY CHARTER SCHOOL

EIN: 271102088 501(c)(3) Education

EAST BRUNSWICK, NJ

Total Revenue
$13,331,032
Total Expenses
$12,394,413
Total Assets
$6,866,464
Net Assets
$3,792,286
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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
NJ
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

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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 $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

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Governance

Voting Members
7
Independent Members
7
Employees
100
Volunteers
5

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
3
$253,550
Total Directors
7
$0
Key Employees
3
$513,752
Highest Compensated
1
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
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