THE SIMCHAS MAYER FUND INC (EIN 823640227) - 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

HOWARD GLICHER

Phone

7189861103

Tax Period

2023-01-01 to 2023-12-31

THE SIMCHAS MAYER FUND INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $364K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $409K exceeded revenue, resulting in a 12% operating deficit.

Mission

The purpose of the organization is to provide engaged couples essentials for their wedding day. Simchas Mayer helps those who cannot afford the various wardrobe expenses and other expenses associated with their wedding, and enables them to celebrate their marriage with dignity and joy.

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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 $363,858

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $363,858

Expense Breakdown

Grants Paid $407,141

Salaries & Benefits $0

Fundraising Expenses $495

Program Expenses $407,141

Other Expenses $2,195

TOTAL EXPENSES $409,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,858	$252,295	+0.4%
Expenses	$409,336	$396,326	+0.0%
Net Income	$-45,478	$-144,031	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD GLICHER	Treasurer	0.50	Officer	$0	$0	$0
HESHY KAHN	President	0.50	Officer	$0	$0	$0
NESANEL COHEN	Vice President	0.50	Officer	$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	$363,858	$409,336	$281,128	$-45,478
2022	$252,295	$396,326	$326,606	$-144,031
2021	$423,314	$326,291	$470,637	$97,023
2020	$373,546	$163,490	$373,614	$210,056
2019	$360,575	$321,148	$163,558	$39,427

THE SIMCHAS MAYER FUND INC