JONAS REALTY CORP (EIN 475234687) - 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

2015

Legal Domicile

Principal Officer

Danielle Manning

Phone

5087937297

Tax Period

2022-06-01 to 2023-05-31

JONAS REALTY CORP, founded in 2015, is a small nonprofit in the Education sector that reported $186K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $372K exceeded revenue, resulting in a 100% operating deficit.

Mission

Jonas Realty Corporation was established as a 501 (c)(3) functionally integrated supporting organization of Clark University to hold and manage the land and building of the Shaich Family Alumni and Student Engagement Center. During fiscal year 2023, the assets, debt and related operating activities of JRC were transferred to the University and/or settled.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $186,388

TOTAL REVENUE $186,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $372,187

TOTAL EXPENSES $372,187

Year-over-Year Comparison

	2022	2021	Change
Revenue	$186,388	$372,776	-0.5%
Expenses	$372,187	$710,040	-0.5%
Net Income	$-185,799	$-337,264	-0.4%

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

$731,312

Total Directors

$731,312

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danielle Manning	President/Treasurer	0.5	Officer Director	$0	$44,779	$422,918
David Chearo	Vice President	0.25	Officer Director	$0	$57,176	$308,394
Gregory Degermajian	Clerk	0.25	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
2023	$186,388	$372,187	No data	$-185,799
2022	$372,776	$710,040	$21,730,708	$-337,264
2021	$372,776	$730,112	$22,033,578	$-357,336
2020	$372,776	$709,040	$22,335,772	$-336,264
2019	$372,776	$724,248	$22,627,777	$-351,472
2018	$452,776	$734,119	$22,941,091	$-281,343

JONAS REALTY CORP