LUBAVITCH CENTER OF ESSEX COUNTY INC (EIN 562282484) - 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

2002

Legal Domicile

Principal Officer

BARUCH KLAR

Phone

9737310770

Tax Period

2023-07-01 to 2024-06-30

LUBAVITCH CENTER OF ESSEX COUNTY INC, founded in 2002, is a small nonprofit in the Religion sector that reported $739K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $652K left a modest 12% surplus.

Mission

A JEWISH HOUSE OF WORSHIP. AN ORGANIZATION DEDICATED TO "OUTREACH" TO THE JEWISH 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 $25,176

Program Service Revenue $0

Investment Income $0

Other Revenue $714,068

TOTAL REVENUE $739,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,990

Fundraising Expenses $0

Program Expenses $597,562

Other Expenses $489,294

TOTAL EXPENSES $652,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$739,244	$585,360	+0.3%
Expenses	$652,284	$408,841	+0.6%
Net Income	$86,960	$176,519	-0.5%

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

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

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BORUCH KLAR	DIRECTOR	40.00	Director	$80,000	$40,000	$120,000
N/A	TRUSTEE	5.00		$0	$0	$0
N/A	TRUSTEE	5.00		$0	$0	$0
LAWRENCE RITTER	CHAIRMAN	5.00	Officer	$0	$0	$0
GEOFFREY HAAR	TREASURER	2.50	Officer	$0	$0	$0
RICHARD FINKELSTEIN	SECRETARY	5.00	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	No data	No data	No data	No data
2024	$739,244	$652,284	$2,485,648	$86,960
2023	$585,360	$368,021	$2,420,546	$217,339
2022	$265,349	$270,767	$2,332,794	$-5,418
2021	$406,387	$230,668	$2,190,452	$175,719
2020	$504,532	$391,528	$2,063,235	$113,004
2019	$600,505	$528,249	$1,948,855	$72,256
2018	$311,571	$477,915	$2,069,187	$-166,344

LUBAVITCH CENTER OF ESSEX COUNTY INC