NORFOLK AREA COMMUNITY KOLLEL (EIN 542037581) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

GARY LITT

Phone

7575591836

Tax Period

2024-07-01 to 2025-06-30

NORFOLK AREA COMMUNITY KOLLEL, founded in 2002, is a small nonprofit in the Religion sector that reported $498K in total revenue in fiscal year 2018.

Mission

THE PURPOSE OF THE NORFOLK KOLLEL IS TO TEACH TORAH JUDAISM TO JEWS IN THE TIDEWATER AREA REGARDLESS OF RELIGIOUS OBERVANCE OR AFFILIATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $840,155

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $840,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $569,687

Fundraising Expenses $0

Program Expenses $797,338

Other Expenses $256,432

TOTAL EXPENSES $826,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$840,155	$696,429	+0.2%
Expenses	$826,119	$680,263	+0.2%
Net Income	$14,036	$16,166	-0.1%

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

$130,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN DANZIGER	DIRECTOR	40.00	Officer	$73,000	$0	$73,000
GARY LITT	EXECUTIVE DI	40.00	Officer	$57,100	$0	$57,100
KEVIN LEFCOE	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL WEISSMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFFREY BROOKE	PRESIDENT	N/A	Officer	$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	$840,155	$826,119	$75,794	$14,036
2024	$696,429	$680,263	$76,162	$16,166
2023	$754,629	$721,504	$69,515	$33,125
2022	$455,830	$455,830	$60,663	No data
2021	$574,635	$316,981	$260,604	$257,654
2020	$431,084	$431,084	$263,786	No data
2019	$498,330	$498,330	$498,330	No data

NORFOLK AREA COMMUNITY KOLLEL