FRIENDS OF IR DAVID INC (EIN 113466176) - 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

1998

Legal Domicile

Principal Officer

MOSHE BILLET

Phone

2125379260

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF IR DAVID INC, founded in 1998, is a mid-sized nonprofit in the International Affairs sector that reported $24.2M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.3M, a strong 43% operating margin.

Mission

TO PROVIDE ASSISTANCE TO ORGANIZATIONS IN THE OLD CITY OF JERUSALEM AND THE ANCIENT CITY OF DAVID.

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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 $24,187,210

Program Service Revenue $0

Investment Income $178

Other Revenue $0

TOTAL REVENUE $24,187,388

Expense Breakdown

Grants Paid $13,641,000

Salaries & Benefits $44,271

Fundraising Expenses $135,746

Program Expenses $13,641,000

Other Expenses $171,645

TOTAL EXPENSES $13,856,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,187,388	$13,083,858	+0.8%
Expenses	$13,856,916	$10,825,959	+0.3%
Net Income	$10,330,472	$2,257,899	+3.6%

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

$41,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOSHE BILLET	EXECUTIVE DI	30.00	Officer	$41,125	$0	$41,125
RABBI HERSHEL BILLET	PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT BLUM	SECRETARY	4.00	Officer Director	$0	$0	$0
DAVID BE'ERI	BOARD MEMBER	1.00	Director	$0	$0	$0
RABBI YEHUDA MALY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARNET LIBERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SAADIA SHAPIRO	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$24,187,388	$13,856,916	$14,519,715	$10,330,472
2022	$13,083,858	$10,825,959	$4,189,243	$2,257,899
2021	$8,657,861	$9,470,298	$1,931,131	$-812,437
2020	$14,389,629	$11,594,871	$2,742,781	$2,794,758
2019	$29,978,219	$30,153,809	$2,184,551	$-175,590
2019	$22,885,429	$30,155,553	$9,393,183	$-7,270,124
2018	$33,921,840	$21,279,833	$16,669,224	$12,642,007
2018	$19,563,196	$21,279,833	$2,516,531	$-1,716,637

FRIENDS OF IR DAVID INC