SOLOMON INSTITUTE INC

EIN: 882748300 501(c)(3) Public & Societal Benefit

Palm Beach, FL

Total Revenue
$705,581
Total Expenses
$743,436
Total Assets
$1,133
Net Assets
$1,133
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
FL
Phone
5618315529
Tax Period
2023-07-01 to 2024-06-30

SOLOMON INSTITUTE INC, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $706K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

To cultivate future leaders who have a strong ethical identity and moral compass and want to give back to their communities. Solomons unique formula gives participants a broad perspective on leadership, success, and the underpinning character and skills needed for effective leadership. This enables participants to envision themselves as strong leaders of the future, giving them the drive to aggressively pursue their goals and have greater influence as leaders.

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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 (2023)

Revenue Breakdown

Contributions & Grants $590,915
Program Service Revenue $114,666
Investment Income $0
Other Revenue $0
TOTAL REVENUE $705,581

Expense Breakdown

Grants Paid $0
Salaries & Benefits $317,604
Fundraising Expenses $49,833
Program Expenses $591,933
Other Expenses $409,332
TOTAL EXPENSES $743,436

Year-over-Year Comparison

2023 2022 Change
Revenue $705,581 $532,222 +0.3%
Expenses $743,436 $484,764 +0.5%
Net Income $-37,855 $47,458 -1.8%
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
13
Independent Members
13
Employees
4
Volunteers
48

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
$61,954
Total Directors
17
$61,954
Key Employees
3
$231,666
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH DWORCAN CEO 30.00
Officer Director
$61,954 $0 $61,954
LAWRENCE SOSNOW Director 10.00
Director
$0 $0 $0
MOSHE SCHEINER Spiritual Director 10.00
Director
$0 $0 $0
CHANA BART DIRECTOR OF OPERATIONS 40.00
Key Emp
$78,333 $0 $78,333
BROOKIE MILECKI CHAPTER LIASON 40.00
Key Emp
$73,333 $0 $73,333
MIRIAM PINSKY EDUCATION DIRECTOR 40.00
Key Emp
$80,000 $0 $80,000
Marc Abramowitz Director 10.00
Director
$0 $0 $0
Eileen Berman Director 2.00
Director
$0 $0 $0
Stephen Canton Director 4.00
Director
$0 $0 $0
Todd Michael Glaser Director 0.00
Director
$0 $0 $0
Bob Glass Director 10.00
Director
$0 $0 $0
Vahan Gureghian Director 0.00
Director
$0 $0 $0
Thomas Iovino Director 2.00
Director
$0 $0 $0
Paul Kozloff Director 4.00
Director
$0 $0 $0
Tami Lesser Director 2.00
Director
$0 $0 $0
Thomas Lynch Director 0.00
Director
$0 $0 $0
Robert Posner Director 2.00
Director
$0 $0 $0
Debra A Schwinn Director 1.00
Director
$0 $0 $0
Mordechai Touger Director 2.00
Director
$0 $0 $0
Lester Woerner Director 1.00
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
2025 No data No data No data No data
2024 $705,581 $743,436 $1,133 $-37,855
2023 $532,222 $484,764 $38,988 $47,458
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