HEBREW ACADEMY OF CLEVELAND

EIN: 340714428 501(c)(3)

CLEVELAND HEIGHTS, OH

Total Revenue
$37,763,963
Total Expenses
$33,208,157
Total Assets
$81,582,683
Net Assets
$70,182,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
OH
Principal Officer
DR LOUIS MALCMACHER
Phone
2163215838
Tax Period
2024-07-01 to 2025-06-30

HEBREW ACADEMY OF CLEVELAND, founded in 1943, is a mid-sized nonprofit that reported $37.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $33.2M left a modest 12% surplus.

Mission

ACADEMY OFFERING A COMPLETE JUDAIC & SECULAR EDUCATIONAL PROGRAM FROM PRE-K THROUGH HIGH SCHOOL.

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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 $12,943,896
Program Service Revenue $24,338,283
Investment Income $403,630
Other Revenue $78,154
TOTAL REVENUE $37,763,963

Expense Breakdown

Grants Paid $8,712,430
Salaries & Benefits $15,591,787
Fundraising Expenses $528,904
Program Expenses $30,137,005
Other Expenses $8,903,940
TOTAL EXPENSES $33,208,157

Year-over-Year Comparison

2024 2023 Change
Revenue $37,763,963 $30,632,283 +0.2%
Expenses $33,208,157 $31,004,263 +0.1%
Net Income $4,555,806 $-371,980 -13.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
51
Independent Members
51
Employees
577
Volunteers
100

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
8
$0
Total Directors
51
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIS MALCMACHER PRESIDENT 1.00
Officer Director
$0 $0 $0
IVAN A SOCLOF IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
AMIR JAFFA VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HARRY M BROWN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JONATHAN HEIFETZ VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
REUVEN DESSLER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RABBI MENASHE WEISS TREASURER 1.00
Officer Director
$0 $0 $0
HOWARD GOLDMAN FINANCIAL SECRETARY 1.00
Officer Director
$0 $0 $0
AARON EVENCHIK TRUSTEE 1.00
Director
$0 $0 $0
ADAM POLLACK TRUSTEE 1.00
Director
$0 $0 $0
ALAN SCHABES TRUSTEE 1.00
Director
$0 $0 $0
ALAN SCHLESINGER TRUSTEE 1.00
Director
$0 $0 $0
AVI YUSPEH TRUSTEE 1.00
Director
$0 $0 $0
AVROMI MEYSTEL TRUSTEE 1.00
Director
$0 $0 $0
BINYOMIN SCHWARTZ TRUSTEE 1.00
Director
$0 $0 $0
BRIAN M WOLOVITZ TRUSTEE 1.00
Director
$0 $0 $0
CHAYA WOLF TRUSTEE 1.00
Director
$0 $0 $0
DANIEL FLEKSHER TRUSTEE 1.00
Director
$0 $0 $0
DANIEL GOTTESMAN TRUSTEE 1.00
Director
$0 $0 $0
DAVID FARKAS TRUSTEE 1.00
Director
$0 $0 $0
DAVID KELLER TRUSTEE 1.00
Director
$0 $0 $0
DAVID POLLACK TRUSTEE 1.00
Director
$0 $0 $0
DAVID SEIGER TRUSTEE 1.00
Director
$0 $0 $0
DOV BERMAN TRUSTEE 1.00
Director
$0 $0 $0
DOV FRANKEL TRUSTEE 1.00
Director
$0 $0 $0
DOVI KUTOFF TRUSTEE 1.00
Director
$0 $0 $0
DOVID MALCMACHER TRUSTEE 1.00
Director
$0 $0 $0
HYMIE KELLER TRUSTEE 1.00
Director
$0 $0 $0
JEFF ZUCKERMAN TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA KLARFELD TRUSTEE 1.00
Director
$0 $0 $0
LINDA BENSOUSSAN TRUSTEE 1.00
Director
$0 $0 $0
MARK BERKOWITZ TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL HARRIS TRUSTEE 1.00
Director
$0 $0 $0
MOSHE NEUMAN TRUSTEE 1.00
Director
$0 $0 $0
NATHAN POLLACK TRUSTEE 1.00
Director
$0 $0 $0
NATI KLEIN TRUSTEE 1.00
Director
$0 $0 $0
NISSI HEIFETZ TRUSTEE 1.00
Director
$0 $0 $0
RABBI ELCHANAN STERN TRUSTEE 1.00
Director
$0 $0 $0
RABBI NAPHTALI BURNSTEIN TRUSTEE 1.00
Director
$0 $0 $0
RABBI YITZ FRANK TRUSTEE 1.00
Director
$0 $0 $0
RABBI YOSEF REICHMAN TRUSTEE 1.00
Director
$0 $0 $0
RAFI ISRAELI TRUSTEE 1.00
Director
$0 $0 $0
SAM SALAMON TRUSTEE 1.00
Director
$0 $0 $0
SHAYA LEMPEL TRUSTEE 1.00
Director
$0 $0 $0
SHLOMO KOYFMAN TRUSTEE 1.00
Director
$0 $0 $0
SHLOMO MALCMACHER TRUSTEE 1.00
Director
$0 $0 $0
SURI GOLDMAN TRUSTEE 1.00
Director
$0 $0 $0
YEHUDA SALAMON TRUSTEE 1.00
Director
$0 $0 $0
YONAH JACOBS TRUSTEE 1.00
Director
$0 $0 $0
YONATAN SPOLTER TRUSTEE 1.00
Director
$0 $0 $0
YONI KLEIN TRUSTEE 1.00
Director
$0 $0 $0
RABBI ELI DESSLER FINANCIAL DIRECTOR 40.00
Highest
$223,510 $6,705 $230,215
RABBI SIMCHA DESSLER EDUCATIONAL DIRECTOR 40.00
Highest
$113,374 $3,401 $116,775
DR PHILLIP SCHWARTZ PRINCIPAL 40.00
Highest
$126,362 $3,791 $130,153
RABBI ASHER NEWMAN PRINCIPAL 40.00
Highest
$108,711 $3,261 $111,972
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 $37,763,963 $33,208,157 $81,582,683 $4,555,806
2024 $30,632,283 $31,004,263 $76,438,841 $-371,980
2023 $33,456,074 $28,418,457 $75,600,275 $5,037,617
2022 $32,830,849 $27,148,181 $66,835,840 $5,682,668
2021 $38,136,745 $25,698,946 $67,295,611 $12,437,799
2021 $38,136,745 $25,698,946 $67,295,611 $12,437,799
2020 $38,276,243 $22,609,264 $49,895,625 $15,666,979
2019 $24,290,955 $23,085,840 $32,083,065 $1,205,115
2018 $21,957,118 $20,921,741 $30,676,464 $1,035,377
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