HERZSTEIN INVESTMENTS INC (EIN 760694434) - 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

2001

Legal Domicile

Principal Officer

JUSTINA RENEE MASARYK

Phone

7136817868

Tax Period

2023-01-01 to 2023-12-31

HERZSTEIN INVESTMENTS INC, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $4.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $71.6M represent 202 months of operating reserves.

Mission

THE CORPORATION HOLDS TITLE TO REAL PROPERTY, COLLECTS INCOME THERE FROM AND TURNS OVER ALL SUCH INCOME (LESS EXPENSES) TO AN AFFILIATED 501(C)(3) ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $49,193

Other Revenue $4,204,966

TOTAL REVENUE $4,254,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $895,794

Fundraising Expenses $0

Other Expenses $3,358,365

TOTAL EXPENSES $4,254,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,254,159	$3,562,990	+0.2%
Expenses	$4,254,159	$3,562,990	+0.2%
Net Income	$0	$0	N/A

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

N/A

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

$602,513

Total Directors

$631,263

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L MICHAEL HAJTMAN	PRESIDENT (1/1/23 - 8/4/23)	17.50	Officer Director	$149,992	$41,344	$323,636
GEORGE W STRAKE III	SECRETARY/TREASURER (8/23/23 - 12/31/23)	1.00	Officer Director	$4,167	$0	$24,167
JUSTINA RENEE MASARYK	PRESIDENT (8/23/23 - 12/31/23)	5.00	Officer Director	$56,917	$26,376	$206,376
RICHARD LOEWENSTERN	DIRECTOR (1/1/23 - 8/23/23)	1.00	Director	$5,833	$0	$28,750
CRAIG LOEWENSTERN	CHAIRMAN (8/23/23 - 12/31/23)	1.00	Officer Director	$4,167	$0	$24,167
BRYAN MILLER	VICE PRESIDENT (8/23/23 - 12/31/23)	1.00	Officer Director	$4,167	$0	$24,167
RICHARD PENNINGTON	GENERAL MANAGER	50.00	Highest	$268,333	$40,250	$308,583
LUDEK KOLECKAR	REAL ESTATE SUPERINTENDENT	40.00	Highest	$110,083	$16,513	$126,596

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	$4,254,159	$4,254,159	$73,675,396	No data
2022	$3,562,990	$3,562,990	$73,235,376	No data
2021	$3,886,647	$3,886,647	$72,075,670	No data
2020	$3,965,640	$3,965,640	$57,799,594	No data

HERZSTEIN INVESTMENTS INC