THE HAMASPIK SCHOOL (EIN 872689559) - 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

2021

Legal Domicile

Phone

7183878400

Tax Period

2024-07-01 to 2025-06-30

THE HAMASPIK SCHOOL, founded in 2021, is a community nonprofit in the Education sector that reported $9.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $12.8M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE HAMASPIK SCHOOL, LOCATED AT 926 BEDFORD AVENUE, BROOKLYN, NY 11205, HAS BEEN INCORPORATED BY THE NYS DEPARTMENT OF REGENTS WITH ITS SOLE PURPOSE TO THE SCHOOLING, EDUCATIONAL AND DEVELOPMENTAL NEEDS FOR SPECIAL NEEDS CHILDREN.

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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 $1,578,370

Program Service Revenue $7,915,569

Investment Income $13,687

Other Revenue $0

TOTAL REVENUE $9,507,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,905,647

Fundraising Expenses $0

Program Expenses $9,377,621

Other Expenses $6,921,195

TOTAL EXPENSES $12,826,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,507,626	$7,279,254	+0.3%
Expenses	$12,826,842	$12,145,878	+0.1%
Net Income	$-3,319,216	$-4,866,624	-0.3%

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

216

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

$1,067,911

Total Directors

$1,067,911

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	10.00	Officer Director	$0	$84,177	$1,067,911
BARUCH MARKOWITZ	SECRETARY	2.00	Director	$0	$0	$0
ISRAEL STEIN	CHAIRPERSON	2.00	Director	$0	$0	$0
ARIEL YABRA	TRUSTEE	2.00	Director	$0	$0	$0
IDY WEISS	PROGRAM DIRE	40.00	Highest	$202,482	$39,010	$241,492
YEHUDA SPANGELET	PROGRAM ADMI	40.00	Highest	$0	$40,123	$447,903
DEBORAH RAITPORT	SCHOOL PRINC	40.00	Highest	$174,059	$34,053	$208,112
BRITTANI SIEBZENER	OT THERAPIST	40.00	Highest	$127,595	$6,184	$133,779
YITTY MENCZER	EDUCATION DI	40.00	Highest	$150,994	$4,924	$155,918

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	$9,507,626	$12,826,842	$17,067,889	$-3,319,216
2024	No data	No data	No data	No data
2023	$7,520,107	$12,875,990	$17,948,538	$-5,355,883
2022	$3,249,950	$4,843,417	$8,627,036	$-1,593,467

THE HAMASPIK SCHOOL