SEPHARDIC ACADEMY OF MANHATTAN INC

EIN: 352392220 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,752,584
Total Expenses
$3,857,176
Total Assets
$19,597,841
Net Assets
$7,624,093
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
MOUSSA HASBANI
Phone
2122496391
Tax Period
2022-07-01 to 2023-06-30

SEPHARDIC ACADEMY OF MANHATTAN INC, founded in 2010, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Net assets of $7.6M represent 24 months of operating reserves.

Mission

PRE-SCHOOL EDUCATIONAL SERVICES

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,414,019
Program Service Revenue $3,223,580
Investment Income $396
Other Revenue $-885,411
TOTAL REVENUE $3,752,584

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,229,042
Fundraising Expenses $0
Program Expenses $3,783,545
Other Expenses $1,628,134
TOTAL EXPENSES $3,857,176

Year-over-Year Comparison

2022 2021 Change
Revenue $3,752,584 $4,655,334 -0.2%
Expenses $3,857,176 $2,804,838 +0.4%
Net Income $-104,592 $1,850,496 -1.1%
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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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RABBI ELIE ABADIE CHAIRPERSON 2.50
Officer Director
$0 $0 $0
DANIEL HARARI BOARD MEMBER/TREASURER 2.50
Officer Director
$0 $0 $0
BERT I DWECK BOARD MEMBER 2.50
Director
$0 $0 $0
DANIEL LEVY BOARD MEMBER 2.50
Director
$0 $0 $0
ELLIOT ATTIE BOARD MEMBER/TREASURER 2.50
Officer Director
$0 $0 $0
DEBBIE LINDENBAUM BOARD MEMBER 2.50
Director
$0 $0 $0
DANIELA NIDITCH BOARD MEMBER 2.50
Director
$0 $0 $0
MICHAEL RISHTY BOARD MEMBER 2.50
Director
$0 $0 $0
MOEY SHABOT BOARD MEMBER 2.50
Director
$0 $0 $0
RAYMOND CHERA BOARD MEMBER 2.50
Director
$0 $0 $0
DINA NOUHIAN BOARD MEMBER 2.50
Director
$0 $0 $0
DANIELLE HASBANI BOARD MEMBER 2.50
Director
$0 $0 $0
SOL HEDAYA BOARD MEMBER 2.50
Director
$0 $0 $0
DR DAPHNA SHIFFELDRIM BOARD MEMBER 2.50
Director
$0 $0 $0
ALEX ADJMI BOARD MEMBER 2.50
Director
$0 $0 $0
BOBBY CAYRE BOARD MEMBER 2.50
Director
$0 $0 $0
JOSEPH A COHEN BOARD MEMBER 2.50
Director
$0 $0 $0
MARSHALL ARONOW BOARD MEMBER 2.50
Director
$0 $0 $0
KENNETH CAYRE BOARD MEMBER 2.50
Director
$0 $0 $0
BEN ASHKENAZY BOARD MEMBER 2.50
Director
$0 $0 $0
HAIM CHERA BOARD MEMBER 2.50
Director
$0 $0 $0
STEVEN NAKASH BOARD MEMBER 2.50
Director
$0 $0 $0
JOSEPH CHETRIT BOARD MEMBER 2.50
Director
$0 $0 $0
REBECCA FEIT BOARD MEMBER 2.50
Director
$0 $0 $0
DAVID D TAWIL BOARD MEMBER 2.50
Director
$0 $0 $0
MICHELLE DAYAN EXECUTIVE DIRECTOR 40.00
Officer
$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
2023 $8,805,337 $6,300,645 $23,780,532 $2,504,692
2023 $3,752,584 $3,857,176 $19,597,841 $-104,592
2022 $4,655,334 $2,804,838 $19,587,829 $1,850,496
2021 $1,990,692 $1,790,788 $16,256,668 $199,904
2021 $1,805,686 $1,936,463 $15,026,122 $-130,777
2020 $2,199,485 $3,061,542 $15,121,846 $-862,057
2020 $2,006,658 $3,071,458 $14,308,585 $-1,064,800
2019 $2,812,802 $3,440,936 $14,798,701 $-628,134
2018 $9,895,082 $3,391,878 $17,405,730 $6,503,204
2018 $9,496,894 $3,140,989 $15,424,420 $6,355,905
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