Kinneret II Inc (EIN 591760028) - 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

1977

Legal Domicile

Phone

4074254537

Tax Period

2024-05-01 to 2025-04-30

Kinneret II Inc, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $411K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $23.4M exceeded revenue, resulting in a 5598% operating deficit.

Mission

KINNERET, INC. AND KINNERET II, INC. (COLLECTIVELY "KINNERET") ARE NOT-FOR-PROFIT CORPORATIONS ORIGINALLY ORGANIZED FOR THE PURPOSE OF PROVIDING HOUSING AND SERVICES TO ELDERLY AND DISABLED MEMBERS OF THE GREATER ORLANDO JEWISH COMMUNITY, WHO HAVE LOW OR MODERATE INCOMES, AND PROVIDING PROGRAMS AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS.

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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 $0

Program Service Revenue $0

Investment Income $410,814

Other Revenue $0

TOTAL REVENUE $410,814

Expense Breakdown

Grants Paid $22,494,852

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,297,522

Other Expenses $911,761

TOTAL EXPENSES $23,406,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,814	$438,266	-0.1%
Expenses	$23,406,613	$141,117	+164.9%
Net Income	$-22,995,799	$297,149	-78.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY RAJI	SECRETARY	1.0	Officer Director	$0	$0	$0
GEANNE SHARE	TREASURER	1.0	Officer Director	$0	$0	$0
MOLLIE SAVAGE	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
NEAL BLAHER	PRESIDENT	2.0	Officer Director	$0	$0	$0
SUSAN GODOROV	EXECUTIVE DIRECTOR	1.0	Officer Director	$0	$0	$0
ALISON POLEJES	DIRECTOR EMERITUS (NON-VOTING)	1.0	Director	$0	$0	$0
BARI HOFFMAN	DIRECTOR	1.0	Director	$0	$0	$0
CAROL FEUERMAN	DIRECTOR	1.0	Director	$0	$0	$0
DICK APPELBAUM	DIRECTOR	1.0	Director	$0	$0	$0
JACQUI MCGRAIL	DIRECTOR	1.0	Director	$0	$0	$0
MINDY SHAMS	DIRECTOR	1.0	Director	$0	$0	$0
NOREEN LEVITT	DIRECTOR	1.0	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	$410,814	$23,406,613	$8,575,116	$-22,995,799
2024	$438,266	$141,117	$30,719,911	$297,149
2023	$25,543,623	$557,787	$29,304,335	$24,985,836
2022	$1,471,137	$1,123,508	$4,192,254	$347,629
2021	$1,579,518	$1,251,523	$4,152,361	$327,995
2020	$1,424,634	$1,250,397	$4,227,947	$174,237
2019	$1,390,481	$1,306,821	$4,157,231	$83,660
2018	$1,367,059	$1,237,018	$4,279,072	$130,041

Kinneret II Inc