JOSEPH & FLORENCE MANDEL JEWISH DAY SCHOOL (EIN 341043767) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

Noam Magence

Phone

2164644055

Tax Period

2023-07-01 to 2024-06-30

JOSEPH & FLORENCE MANDEL JEWISH DAY SCHOOL, founded in 1969, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Net assets of $47.2M represent 57 months of operating reserves.

Mission

Joseph & Florence Mandel Jewish Day School develops ethical leadership, confident critical thinking, and a lifelong love of learning. By integrating superior general academics and Judaic studies, "Mandel JDS" achieves excellence in a nurturing, welcoming environment that engages and teaches to the whole child.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,174,576

Program Service Revenue $5,128,749

Investment Income $508,718

Other Revenue $79,298

TOTAL REVENUE $9,891,341

Expense Breakdown

Grants Paid $1,215,183

Salaries & Benefits $6,021,904

Fundraising Expenses $284,015

Program Expenses $8,609,443

Other Expenses $2,894,152

TOTAL EXPENSES $10,131,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,891,341	$24,182,141	-0.6%
Expenses	$10,131,239	$9,647,307	+0.1%
Net Income	$-239,898	$14,534,834	-1.0%

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

137

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

$131,919

Total Directors

Key Employees

$509,999

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jay Leberman	Head of School	40	Key Emp	$252,603	$66,494	$319,097
Leah Spector	Principal	40	Key Emp	$169,602	$21,300	$190,902
Janet Keane	CFO	40	Officer	$127,939	$3,980	$131,919
Halle Dubin	Lower School Director	40	Highest	$101,816	$12,634	$114,450
Alyson Fieldman	Director	1	Director	$0	$0	$0
Jacob Cohen	Director	1	Director	$0	$0	$0
Elana Glasner	Director	1	Director	$0	$0	$0
Mindi Goldberg	Director	1	Director	$0	$0	$0
Roberta Kaplan	Director	1	Director	$0	$0	$0
Shaina Leb	Director	1	Director	$0	$0	$0
Bill McCann	Director	1	Director	$0	$0	$0
Beth Mellors	Vice President	1	Officer Director	$0	$0	$0
Galia Nurko	Director	1.00	Director	$0	$0	$0
Joshua Gordon	Vice President	1	Officer Director	$0	$0	$0
Michael Haas	Past President	1	Director	$0	$0	$0
Marc Freimuth	Past President	1	Director	$0	$0	$0
Robert Goldberg	Past President	1	Director	$0	$0	$0
Irwin Haber	Past President	1	Director	$0	$0	$0
Orry Jacobs	Past President	1	Director	$0	$0	$0
Jeffrey Kahn	Past President	1	Director	$0	$0	$0
Adam Levin	Past President	1	Director	$0	$0	$0
John Marcus	Past President	1	Director	$0	$0	$0
Dan Aaron Polster	Past President	1	Director	$0	$0	$0
Peter Rzepka	Past President and Honorary Life Member	1	Director	$0	$0	$0
Barry Sands	Past President	1	Director	$0	$0	$0
Jonathan Shanes	Past President	1	Director	$0	$0	$0
Keith Sherwin	Past President	1	Director	$0	$0	$0
Daniel Worthington	Past President	1	Director	$0	$0	$0
Ian Abrams	Honorary Life Member	1	Director	$0	$0	$0
Gloria Abrams	Honorary Life Member	1	Director	$0	$0	$0
Hedy Adler	Honorary Life Member	1	Director	$0	$0	$0
Fran Gordon	Honorary Life Member	1	Director	$0	$0	$0
Rochelle Gross	Honorary Life Member	1	Director	$0	$0	$0
Robert Immerman	Honorary Life Member	1	Director	$0	$0	$0
Aliki Rzepka	Honorary Life Member	1	Director	$0	$0	$0
Neil Waxman	Honorary Life Member	1	Director	$0	$0	$0
Nick Federico	Honorary Life Member	1	Director	$0	$0	$0
Carol Federico	Honorary Life Member	1	Director	$0	$0	$0
Idelle Wolf	Honorary Life Member	1	Director	$0	$0	$0
Jared Miller	Past President	1	Director	$0	$0	$0
Gayle Horwitz	Director	1	Director	$0	$0	$0
Barry Shapiro	Director	1	Director	$0	$0	$0
Juliana Sclair	Director	1	Director	$0	$0	$0
Alyssa Stein	Director	1	Director	$0	$0	$0
Katie Fiala	Vice President	1	Officer Director	$0	$0	$0
Ilana Horowitz Ratner	Honorary Life Member	1	Director	$0	$0	$0
Pamela Kahn	Director	1	Director	$0	$0	$0
Stephanie Kahn	Director	1	Director	$0	$0	$0
Morgan Jacobs	Director	1	Director	$0	$0	$0
Walter Schaffer	Past President	1	Director	$0	$0	$0
David Fishbach	Vice President	1	Officer Director	$0	$0	$0
Michelle Karp	Secretary	1	Officer Director	$0	$0	$0
David Levin	Treasurer	1	Officer Director	$0	$0	$0
Noam Magence	President	2	Officer Director	$0	$0	$0
Eliana LeVine	Past President	1	Director	$0	$0	$0
Aaron Gross	Vice President	1	Officer Director	$0	$0	$0
Dan Brenner	Director	1	Director	$0	$0	$0
Penni Weinberg	Life Honorary Director	1	Director	$0	$0	$0
Steve Weinberg	Life Honorary Director	1	Director	$0	$0	$0
Ava Fagin	Director	1	Director	$0	$0	$0
Paloma Zuleta	Director	1	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
2025	No data	No data	No data	No data
2024	$9,891,341	$10,131,239	$51,908,112	$-239,898
2023	$24,182,141	$9,647,307	$49,877,920	$14,534,834
2022	$10,984,314	$9,086,541	$33,996,856	$1,897,773
2021	$10,433,440	$8,900,774	$36,415,132	$1,532,666
2020	$6,727,238	$8,813,589	$32,519,950	$-2,086,351
2019	$12,299,402	$8,307,016	$34,301,788	$3,992,386
2018	$10,261,124	$8,046,576	$27,664,740	$2,214,548

JOSEPH & FLORENCE MANDEL JEWISH DAY SCHOOL