THE DESTINY FOUNDATION

EIN: 383291795 501(c)(3) Education

LAKEWOOD, NJ

Total Revenue
$372,878
Total Expenses
$640,984
Total Assets
$532,757
Net Assets
$479,030
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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
1996
Legal Domicile
MI
Phone
8459681425
Tax Period
2023-01-01 to 2023-12-31

THE DESTINY FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $373K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $641K exceeded revenue, resulting in a 72% operating deficit.

Mission

TO PROMOTE AWARENESS OF AND EDUCATE THE PUBLIC ABOUT JEWISH HERITAGE AND HISTORY THROUGH FILM, LECTURES, THEATER AND OTHER MEDIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $208,060
Program Service Revenue $158,846
Investment Income $5,741
Other Revenue $231
TOTAL REVENUE $372,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,915
Fundraising Expenses $0
Program Expenses $508,401
Other Expenses $497,069
TOTAL EXPENSES $640,984

Year-over-Year Comparison

2023 2022 Change
Revenue $372,878 $571,221 -0.3%
Expenses $640,984 $641,514 0.0%
Net Income $-268,106 $-70,293 +2.8%
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
3
Independent Members
3
Employees
4
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RABBI BEREL WEIN PRESIDENT 0.00
Officer Director
$0 $0 $0
GARY TORGOW VICE PRES 0.00
Officer Director
$0 $0 $0
DAVID HAMMER DIRECTOR 0.00
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 No data No data No data No data
2023 $372,878 $640,984 $532,757 $-268,106
2022 $571,221 $641,514 $787,054 $-70,293
2021 $311,091 $629,872 $853,971 $-318,781
2020 $442,365 $673,151 $1,178,667 $-230,786
2019 $410,971 $698,393 $1,374,656 $-287,422
2018 $443,533 $625,688 $1,666,522 $-182,155
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