Hasten Hebrew Academy of Indianapolis (EIN 351185540) - 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

1988

Legal Domicile

Principal Officer

Leo Grabovsky

Phone

3172511261

Tax Period

2023-09-01 to 2024-08-31

Hasten Hebrew Academy of Indianapolis, founded in 1988, is a community nonprofit in the Religion sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide an education to early childhood, kindergarten, elementary and middle school students.

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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 $774,865

Program Service Revenue $1,904,356

Investment Income $46,366

Other Revenue $78,266

TOTAL REVENUE $2,803,853

Expense Breakdown

Grants Paid $128,484

Salaries & Benefits $2,241,338

Fundraising Expenses $157,783

Program Expenses $2,558,828

Other Expenses $780,044

TOTAL EXPENSES $3,149,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,803,853	$3,070,640	-0.1%
Expenses	$3,149,866	$3,070,271	+0.0%
Net Income	$-346,013	$369	-938.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
See Attachment I	for Lising	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	$2,803,853	$3,149,866	$3,792,580	$-346,013
2023	$3,070,640	$3,070,271	$4,315,540	$369
2022	$2,396,553	$2,612,925	$4,279,062	$-216,372
2021	$2,204,611	$2,515,793	$4,103,552	$-311,182
2020	$2,556,914	$2,798,368	$4,015,256	$-241,454
2019	$3,038,108	$3,071,283	$4,152,348	$-33,175

Hasten Hebrew Academy of Indianapolis