AMERICAN FRIENDS OF HALA

EIN: 113355949 501(c)(3) Health Care

Cleveland Heights, OH

Total Revenue
$250,158
Total Expenses
$275,261
Total Assets
$640,262
Net Assets
$640,262
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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
1997
Legal Domicile
OH
Principal Officer
Fred P Schwartz
Phone
2163970111
Tax Period
2023-01-01 to 2023-12-31

AMERICAN FRIENDS OF HALA, founded in 1997, is a small nonprofit in the Health Care sector that reported $250K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $275K exceeded revenue, resulting in a 10% operating deficit.

Mission

Solicit and provide support for Hala Breast Clinic

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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 $250,055
Program Service Revenue $0
Investment Income $103
Other Revenue $0
TOTAL REVENUE $250,158

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $192,776
Fundraising Expenses $112,675
Program Expenses $10,000
Other Expenses $72,485
TOTAL EXPENSES $275,261

Year-over-Year Comparison

2023 2022 Change
Revenue $250,158 $587,690 -0.6%
Expenses $275,261 $507,702 -0.5%
Net Income $-25,103 $79,988 -1.3%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
2
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
0
$0
Total Directors
3
$104,196
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Sorotzkin Trustee 4
Director
$104,196 $0 $104,196
Mark Hirsch Trustee 1
Director
$0 $0 $0
Fred P Schwartz Trustee 2
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 No data No data No data No data
2023 $250,158 $275,261 $640,262 $-25,103
2022 $587,690 $507,702 $47,711,036 $79,988
2021 $275,475 $458,953 $1,075,608 $-183,478
2020 $292,081 $250,368 $1,259,086 $41,713
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