YAFFED INC

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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

2012

Legal Domicile

Principal Officer

ADINA KONIKOFF

Phone

6463500075

Tax Period

2023-01-01 to 2023-12-31

YAFFED INC, founded in 2012, is a small nonprofit in the Education sector that reported $569K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $932K exceeded revenue, resulting in a 64% operating deficit.

Mission

YAFFED'S MISSION IS TO ENSURE THAT EVERY CHILD HAS THE RIGHT TO A QUALITY EDUCATION AND WORKS TO ENSURE THAT HAREDI AND HASIDIC YESHIVAS IN NEW YORK DELIVER A SOUND BASIC EDUCATION TO THEIR STUDENTS. YAFFED'S VISION IS THAT HAREDI AND HASIDIC YESHIVA STUDENTS RECEIVE THE EDUCATION AND SKILLS FOR LONG-TERM PERSONAL GROWTH AND SELF-SUFFICIENCY ENABLING THEM TO CONTRIBUTE MEANINGFULLY TO THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $702,294

1. WORKING WITH NEW YORK EDUCATION OFFICIALS TO ENCOURAGE THE ENFORCEMENT OF SUBSTANTIAL EQUIVELANCY REGULATIONS. 2. ADVANCING AWARENESS OF THE LACK OF SECULAR EDUCATION IN HASIDIC AND HAREDI...

1. WORKING WITH NEW YORK EDUCATION OFFICIALS TO ENCOURAGE THE ENFORCEMENT OF SUBSTANTIAL EQUIVELANCY REGULATIONS. 2. ADVANCING AWARENESS OF THE LACK OF SECULAR EDUCATION IN HASIDIC AND HAREDI COMMUNITIES. 3. ENHANCING THE DESIRE FOR SECULAR EDUCATION WITHIN THE HAREDI COMMUNITY.

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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 $568,674

Program Service Revenue $0

Investment Income $0

Other Revenue $345

TOTAL REVENUE $569,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,773

Fundraising Expenses $128,876

Program Expenses $702,294

Other Expenses $331,386

TOTAL EXPENSES $932,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$569,019	$1,750,413	-0.7%
Expenses	$932,159	$950,675	0.0%
Net Income	$-363,140	$799,738	-1.5%

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

$162,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEATRICE WEBER	EXECUTIVE DI	40.00	Officer	$142,775	$19,570	$162,345
ANITA ALTMAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
RABBI DAVID GEDZELMAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HUANG	DIRECTOR	1.00	Director	$0	$0	$0
SHLOMO NOSKOW	DIRECTOR	1.00	Director	$0	$0	$0
EMILY PINKESZ	DIRECTOR	1.00	Director	$0	$0	$0
BARBRA ROTHSCHILD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MALKIE SCHWARTZ	DIRECTOR	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	No data	No data	No data	No data
2023	$569,019	$932,159	$1,173,414	$-363,140
2022	$1,750,545	$950,675	$1,493,421	$799,870
2022	$1,203,363	$950,675	$946,239	$252,688
2021	$825,859	$878,943	$681,688	$-53,084
2020	$828,893	$614,390	$794,267	$214,503
2019	$587,301	$409,466	$537,560	$177,835
2019	$587,301	$409,466	$537,560	$177,835
2018	$440,368	$184,736	$344,435	$255,632