FRIENDS OF HATIKVAH INTERNATIONAL CHARTER SCHOOL INC (EIN 452692359) - 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

2011

Legal Domicile

Principal Officer

Eli Schaap

Phone

2127926214

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF HATIKVAH INTERNATIONAL CHARTER SCHOOL INC, founded in 2011, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $208K, a strong 17% operating margin.

Mission

Friends of Hatikvah International Academy Charter School, Inc. was established to assist the Hatikvah International Academy Charter School in improving the quality of education for the children in East Brunswick, New Jersey and surrounding communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $69,973

Investment Income $55,541

Other Revenue $1,085,000

TOTAL REVENUE $1,210,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $970,038

Other Expenses $1,002,325

TOTAL EXPENSES $1,002,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,210,514	$1,222,159	0.0%
Expenses	$1,002,325	$1,060,133	-0.1%
Net Income	$208,189	$162,026	+0.3%

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

N/A

Volunteers

N/A

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
Eli Schaap	President & Chair	4.00	Officer Director	$0	$0	$0
David Gedzelman	Secretary/Treasurer	4.00	Officer Director	$0	$0	$0
Amy Winn-Dworkin	Member	4.00	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
2025	$1,210,514	$1,002,325	$10,673,399	$208,189
2024	$1,222,159	$1,060,133	$10,735,210	$162,026
2023	$1,215,377	$1,212,765	$10,828,682	$2,612
2022	$1,199,164	$1,069,899	$11,084,507	$129,265
2021	$1,033,225	$1,070,370	$11,177,973	$-37,145

FRIENDS OF HATIKVAH INTERNATIONAL CHARTER SCHOOL INC