HEBREW LANGUAGE ACADEMY CHARTER SC… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

KATIE PASSLEY

Phone

7186825610

Tax Period

2024-07-01 to 2025-06-30

HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $10.5M in total revenue in fiscal year 2024.

Mission

HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2 (HLA2) PROVIDES STUDENTS WITH THE ACADEMIC AND PERSONAL FOUNDATION NECESSARY TO SUCCESSFULLY PURSUE ADVANCED STUDIES AND ACHIEVE CONTINUED PERSONAL GROWTH AS ETHICAL AND INFORMED GLOBAL CITIZENS. IN ORDER TO ACCOMPLISH THIS, HLA2 OFFERS AN ACADEMICALLY RIGOROUS K-5 CURRICULUM WHICH INCLUDES DAILY INSTRUCTION IN THE HEBREW LANGUAGE.

Program Service Accomplishments

Program 1

Expenses: $10,126,162 Revenue: $9,482,939

HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2 (HLA2) IS AN EDUCATIONAL CORPORATION THAT OPERATES AS A CHARTER SCHOOL IN THE BOROUGH OF BROOKLYN, NEW YORK. AT HLA2, STUDENTS WILL ACHIEVE A SOPHISTICATED...

HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2 (HLA2) IS AN EDUCATIONAL CORPORATION THAT OPERATES AS A CHARTER SCHOOL IN THE BOROUGH OF BROOKLYN, NEW YORK. AT HLA2, STUDENTS WILL ACHIEVE A SOPHISTICATED KNOWLEDGE OF ENGLISH LANGUAGE ARTS, MATHEMATICS, THE SCIENCES, AND SOCIAL STUDIES. THIS RICH AND INNOVATIVE CURRICULUM WILL BE ENHANCED BY ART, MUSIC, TECHNOLOGY AND PHYSICAL EDUCATION, ALL OF WHICH WILL INCORPORATE HEBREW LANGUAGE INSTRUCTION, USING A PARTIAL IMMERSION PROFICIENCY MODEL. STUDENTS AT HLA2 DEVELOP A STRONG SENSE OF SOCIAL AND CIVIC RESPONSIBILITY THROUGH THE INTEGRATION OF COMMUNITY SERVICE AND SERVICE LEARNING INTO THEIR CLASSROOM STUDIES. OUR STUDENTS WILL GRADUATE WITH A SOLID FOUNDATION FOR FURTHER ACADEMIC LEARNING AND CONTINUOUS PERSONAL DEVELOPMENT AS ETHICAL CITIZENS IN AN INCREASINGLY GLOBAL 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 (2024)

Revenue Breakdown

Contributions & Grants $934,558

Program Service Revenue $9,482,939

Investment Income $90,911

Other Revenue $0

TOTAL REVENUE $10,508,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,880,657

Fundraising Expenses $0

Program Expenses $10,126,162

Other Expenses $6,239,841

TOTAL EXPENSES $11,120,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,508,408	$10,678,875	0.0%
Expenses	$11,120,498	$10,158,736	+0.1%
Net Income	$-612,090	$520,139	-2.2%

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

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

$189,519

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM S MILLER	CHAIR	5.00	Officer Director	$0	$0	$0
SUSAN FOX	TREASURER	5.00	Officer Director	$0	$0	$0
STELLA BINKEVICH	TRUSTEE	3.00	Director	$0	$0	$0
MIKE TOBMAN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ELLA ZALKIND	TRUSTEE	3.00	Director	$0	$0	$0
ALICE LI	SECRETARY	3.00	Officer Director	$0	$0	$0
WILL MACK	TRUSTEE	3.00	Director	$0	$0	$0
JOANNE CAVANAUGH	TRUSTEE	3.00	Director	$0	$0	$0
KATIE PASSLEY	HEAD OF SCHOOL	40.00	Officer	$166,078	$23,441	$189,519
KEVIN MARA	DIRECTOR OF CULTURE	40.00	Highest	$119,084	$41,502	$160,586
VALENCIA CHAPMAN-THOMPSON	ASSISTANT HEAD OF SCHOOL	40.00	Highest	$112,609	$34,156	$146,765
SARIT DELOUYA	ACADEMIC DEAN	40.00	Highest	$100,861	$36,375	$137,236
MELISSA PUELLO	DIRECTOR OF OPERATIONS	40.00	Highest	$114,249	$17,785	$132,034
ANNECIA WILLIAMS	TEACHER	40.00	Highest	$100,583	$17,983	$118,566

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	$10,508,408	$11,120,498	$56,687,564	$-612,090
2024	No data	No data	No data	No data
2023	$9,621,632	$9,380,496	$5,744,969	$241,136
2022	$8,085,875	$7,326,728	$3,616,695	$759,147
2021	$7,570,963	$6,601,473	$3,297,057	$969,490
2020	$6,386,964	$6,067,834	$2,075,235	$319,130
2019	$5,428,052	$4,931,818	$1,134,271	$496,234
2018	$3,854,130	$3,581,639	$585,233	$272,491

HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2