CHOCHMAT HALEV

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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

1995

Legal Domicile

Principal Officer

Rebecca Abravanel

Phone

5107049687

Tax Period

2023-07-01 to 2024-06-30

CHOCHMAT HALEV, founded in 1995, is a small nonprofit in the Religion sector that reported $658K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $570K left a modest 14% surplus.

Mission

CHOCHMAT HALEV IS A SPIRITRUAL COMMUNITY FOCUSED ON THE RENEWAL OF JUDAISM AS A JOYFUL AND RELEVANT PATH FOR PEOPLE WHO CHOOSE TO LIVE A SPIRITUAL LIFE. WE PROVIDE OPPORTUNITIES TO DEEPEN SPIRITUAL PRACTICE AND CONNECTION TO THE DIVINE THROUGH MEDITATION, PRAYER, SERVICE, AND CELEBRATION.

Program Service Accomplishments

Program 1

Expenses: $179,588

Shabbat and other Holidays - Our services and holiday observances are the foundation of our community. They continue to be open to the public. Jewish religious services every week on the Jewish...

Shabbat and other Holidays - Our services and holiday observances are the foundation of our community. They continue to be open to the public. Jewish religious services every week on the Jewish Sabbath - alternating between Friday nights and Saturday morning services, as well as many Jewish holidays such as Purim, Passover, and Shavuot. Such religious services have been offered by Chochmat HaLev for approximately the past 20 years.

Program 2

Expenses: $111,178

High Holy Days - This remains our biggest outreach event as the unique nature of what we offer attracts hundreds of persons outside of our membership, especially when offered on the zoom platform...

High Holy Days - This remains our biggest outreach event as the unique nature of what we offer attracts hundreds of persons outside of our membership, especially when offered on the zoom platform. These services were in person and live-streamed from our facility and attracted an average of 800 attendees.

Program 3

Expenses: $85,425 Revenue: $49,227

Adult, Children Family Courses Events - Chochmat HaLev has a variety of programmatic offerings, including religious instruction for children and youth, meditation groups, speaker events, adult...

Adult, Children Family Courses Events - Chochmat HaLev has a variety of programmatic offerings, including religious instruction for children and youth, meditation groups, speaker events, adult educational classes, and holiday parties. What is offered varies from year to year, averaging 2-3 programs per month. All programs are open to the community at large, except for religious instruction, which is only for members.

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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 $604,186

Program Service Revenue $49,227

Investment Income $11,304

Other Revenue $-6,254

TOTAL REVENUE $658,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,409

Fundraising Expenses $66,787

Program Expenses $426,191

Other Expenses $318,124

TOTAL EXPENSES $569,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$658,463	$408,313	+0.6%
Expenses	$569,533	$430,069	+0.3%
Net Income	$88,930	$-21,756	-5.1%

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

$3,231

Total Directors