THE IDEA SCHOOL INC (EIN 823411247) - 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

2017

Legal Domicile

Principal Officer

RAZ HARAMATI

Phone

2014081468

Tax Period

2022-08-01 to 2023-07-31

THE IDEA SCHOOL INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE STUDENTS WITH THE ABILITIES TO:NURTURE A RELATIONSHIP WITH HASHEM AND LIVE A RICH MORAL LIFE;ENGAGE WITH THE WORLD THROUGH THE PRISM OF THE TORAH;BE PASSIONATE AND CURIOUS LEARNERS;UNDERSTAND HOW THEY CAN UNIQUELY CONTRIBUTE TO THE WORLD;RECOGNIZE LEARNING AS A JOYFUL, LIFELONG PROCESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $867,342

Program Service Revenue $969,208

Investment Income $10,131

Other Revenue $0

TOTAL REVENUE $1,846,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,633,313

Fundraising Expenses $22,273

Program Expenses $1,299,351

Other Expenses $220,578

TOTAL EXPENSES $1,853,891

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,846,681	$1,997,766	-0.1%
Expenses	$1,853,891	$2,015,156	-0.1%
Net Income	$-7,210	$-17,390	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAZ HARAMATI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ISAAC GLASMAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD LANGER	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA FARKOVITS	TREASURER	2.00	Officer Director	$0	$0	$0
TIKVAH WEINER	HEAD OF SCHOOL	40.00	Highest	$158,411	$35,343	$193,754
TAMARA SOLOMON	SCHOOL ADMINISTRATOR	40.00	Highest	$139,750	$2,750	$142,500

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
2023	$1,846,681	$1,853,891	$39,965	$-7,210
2022	$1,997,766	$2,015,156	$77,694	$-17,390
2021	$2,155,994	$1,782,561	$75,799	$373,433
2020	$1,379,552	$1,478,521	$46,156	$-98,969
2019	$862,106	$1,112,702	$9,302	$-250,596

THE IDEA SCHOOL INC