TOV LATET INC (EIN 813197771) - 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

2016

Principal Officer

SHMUEL SHMELKA SCHORR

Phone

9178014555

Tax Period

2023-01-01 to 2023-12-31

TOV LATET INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $727K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROVIDE GRANTS FOR NEEDY INDIVIDUALS AND ORGANIZATIONS.

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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 $718,595

Program Service Revenue $0

Investment Income $8,800

Other Revenue $0

TOTAL REVENUE $727,395

Expense Breakdown

Grants Paid $1,057,845

Salaries & Benefits $0

Fundraising Expenses $8,588

Program Expenses $1,057,845

Other Expenses $24,254

TOTAL EXPENSES $1,082,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$727,395	$502,571	+0.4%
Expenses	$1,082,099	$256,570	+3.2%
Net Income	$-354,704	$246,001	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHMUEL SHMELKA SCHORR	PRESIDENT	5.00	Officer Director	$0	$0	$0
ZVI BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
ZIPPORAH MAIMON	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$727,395	$1,082,099	$27,539	$-354,704
2022	$502,571	$256,570	$382,243	$246,001
2021	$453,064	$492,981	$149,147	$-39,917
2020	$87,140	$478,746	$189,064	$-391,606
2019	$961,716	$862,272	$592,589	$99,444
2018	$1,487,904	$1,748,129	$451,888	$-260,225

TOV LATET INC