CHANCE LETIKVA INC

EIN: 852049371 501(c)(3) Philanthropy & Grantmaking

Brooklyn, NY

Total Revenue
$1,248,476
Total Expenses
$1,252,258
Total Assets
$6,591
Net Assets
$6,591
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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
2020
Legal Domicile
NY
Phone
7186867526
Tax Period
2024-01-01 to 2024-12-31

CHANCE LETIKVA INC, founded in 2020, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FINANCIAL ASSITANCE TO THE NEEDY AS WELL TO OTHER ORGANIZATIONS THAT ARE ACTIVE IN HELPING THOSE IN NEED

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,248,476
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,248,476

Expense Breakdown

Grants Paid $995,781
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $995,781
Other Expenses $256,477
TOTAL EXPENSES $1,252,258

Year-over-Year Comparison

2024 2023 Change
Revenue $1,248,476 $599,426 +1.1%
Expenses $1,252,258 $657,008 +0.9%
Net Income $-3,782 $-57,582 -0.9%
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

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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Menachem Hertzl PRESIDENT 20.00
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 $1,248,476 $1,252,258 $6,591 $-3,782
2023 $599,426 $657,008 $10,373 $-57,582
2022 $370,728 $302,773 $67,955 $67,955
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