NJ Education and Parnasah Institute (EIN 453085288) - 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

Zachary Novoseller

Phone

7322288374

Tax Period

2024-08-01 to 2025-07-31

NJ Education and Parnasah Institute, founded in 2011, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $334K exceeded revenue, resulting in a 81% operating deficit.

Mission

NJ Education and Parnasah Institutes mission is to help BMG yeshiva students transition from a torah study environment to becoming effective earners.

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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 $185,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $185,000

Expense Breakdown

Grants Paid $54,300

Salaries & Benefits $255,571

Fundraising Expenses $67,218

Program Expenses $196,974

Other Expenses $24,231

TOTAL EXPENSES $334,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,000	$303,000	-0.4%
Expenses	$334,102	$385,669	-0.1%
Net Income	$-149,102	$-82,669	+0.8%

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

Governance

Voting Members

Independent Members

Employees

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

$125,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zisha Novoseller	Officer	040.00	Officer	$125,700	$0	$125,700
Daniel Czermak	President	N/A	Officer Director	$0	$0	$0
Aaron Kotler	Secretary	N/A	Officer Director	$0	$0	$0
Michael Bauman	Director	N/A	Officer 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	$185,000	$334,102	$3,638	$-149,102
2024	No data	No data	No data	No data
2023	$342,000	$318,478	$235,409	$23,522
2022	$504,065	$352,370	$211,887	$151,695
2021	$413,365	$300,363	$413,257	$113,002
2020	$330,995	$382,473	$87,890	$-51,478

NJ Education and Parnasah Institute