AMERICAN FRIENDS OF HEBREW UNIVERS… - Form 990 Financial Data

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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

1931

Legal Domicile

Principal Officer

JOSHUA REDNIK

Phone

2126078500

Tax Period

2023-10-01 to 2024-09-30

AMERICAN FRIENDS OF HEBREW UNIVERSITY INC, founded in 1931, is a major nonprofit in the International Affairs sector that reported $167.5M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88.5M, a strong 53% operating margin.

Mission

AMERICAN FRIENDS OF THE HEBREW UNIVERSITY (AFHU) IS A NATIONAL, NOT-FOR-PROFIT 501 (C)(3) CHARITABLE ORGANIZATION. WE EXIST TO CONNECT THE PASSIONS OF AMERICANS TO THE TALENT AT THE HEBREW UNIVERSITY OF JERUSALEM, ONE OF THE WORLD'S MOST DISTINGUISHED ACADEMIC AND RESEARCH INSTITUTIONS. IN ADDITION TO RAISING AWARENESS FOR THE UNIVERSITY, AFHU'S FUNDRAISING EFFORTS HELP ATTRACT AND RETAIN OUTSTANDING FACULTY, BUILD TEACHING AND RESEARCH FACILITIES, AND PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO ISRAEL'S NEXT GENERATION OF LEADERS. AFHU'S SUPPORT HELPS THE UNIVERSITY ADVANCE HUMAN UNDERSTANDING IN MYRIAD FIELDS INCLUDING AGRICULTURE, ASTRONOMY, ENERGY, PSYCHOLOGY, MEDICINE, AND MORE. AFHU WAS FOUNDED IN 1925 BY AMERICAN BUSINESSMAN AND PHILANTHROPIST FELIX M. WARBURG. OUR RICH HISTORY GIVES US THE CONFIDENCE TO MOVE FORWARD WITH OUR MISSION. AND WE WILL NEVER STOPBECAUSE KNOWLEDGE MOVES US.

Program Service Accomplishments

Program 1

Expenses: $67,856,048 Revenue: $0

THE AMERICAN FRIENDS OF THE HEBREW UNIVERSITY'S (AFHU) PRIMARY EXEMPT PURPOSE IS TO PROMOTE, ENCOURAGE, AID AND ADVANCE HIGHER AND SECONDARY EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF...

THE AMERICAN FRIENDS OF THE HEBREW UNIVERSITY'S (AFHU) PRIMARY EXEMPT PURPOSE IS TO PROMOTE, ENCOURAGE, AID AND ADVANCE HIGHER AND SECONDARY EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE IN ISRAEL AND ELSEWHERE, AND TO AID IN THE MAINTENANCE AND DEVELOPMENT OF THE HEBREW UNIVERSITY OF JERUSALEM IN THE STATE OF ISRAEL (THE "HEBREW UNIVERSITY"). GRANTS AWARDED TO HEBREW UNIVERSITY INCLUDE, BUT ARE NOT LIMITED TO, THOSE FOR SCHOLARSHIPS AND FELLOWSHIPS, RESEARCH, CAPITAL PROJECTS, FACULTY RECRUITMENT, AND EQUIPMENT. AFHU'S FUNDRAISING EFFORTS ARE QUITE EXTENSIVE AND RESULT IN THE CULTIVATION OF DONOR RELATIONSHIPS THAT RESULT IN CONTRIBUTIONS DIRECTLY TO HEBREW UNIVERSITY (I.E. NOT USING AFHU AS AN INTERMEDIARY). FOR THE YEAR ENDING SEPTEMBER 30, 2024, AFHU IDENTIFIED APPROXIMATELY $6.1M IN DONATIONS DIRECTLY TO HEBREW UNIVERSITY THAT WERE A DIRECT RESULT OF AFHU'S FUNDRAISING AND MARKETING EFFORTS.

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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 $44,853,143

Program Service Revenue $0

Investment Income $123,792,827

Other Revenue $-1,171,522

TOTAL REVENUE $167,474,448

Expense Breakdown

Grants Paid $65,448,125

Salaries & Benefits $8,645,474

Fundraising Expenses $6,450,737

Program Expenses $67,856,048

Other Expenses $4,662,673

TOTAL EXPENSES $79,020,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,474,448	$84,351,208	+1.0%
Expenses	$79,020,272	$70,976,527	+0.1%
Net Income	$88,454,176	$13,374,681	+5.6%

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

218

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

$2,031,657

Total Directors

Key Employees

$371,133

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA N EMMERICH	PRESIDENT	10.00	Officer Director	$0	$0	$0
CLIVE KABATZNIK	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
JOSHUA OLSHIN	TREASURER	5.00	Officer Director	$0	$0	$0
DR MICHAEL S KURTZ	ASSIST. TREASURER	1.00	Officer Director	$0	$0	$0
I STEVEN EDELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH L STEIN ESQ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RONALD M ZIMMERMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ETY ALCALAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN H BAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BERKETT	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE BLUM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BLUM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA BOGEN	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY M BOGEN	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE BRANDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CYPERS	DIRECTOR	1.00	Director	$0	$0	$0
JANE FEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER FEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
RUTH FLINKMAN-MARANDY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FRANKEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J FREED	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GAL	DIRECTOR	1.00	Director	$0	$0	$0
MARK GENENDER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA L GLASER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN GOOD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
NEAL GROSSMAN	DIRECTOR (THRU 01/2024)	1.00	Director	$0	$0	$0
ARTHUR GUTTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM H ISACOFF	DIRECTOR	1.00	Director	$0	$0	$0
RENAE JACOBS-ANSON	DIRECTOR	1.00	Director	$0	$0	$0
HELEN JACOBS-LEPOR	DIRECTOR	1.00	Director	$0	$0	$0
EMMA JOELS	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES KATZ	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KILBERG	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY T KUVIN	DIRECTOR (AS OF 05/2024)	1.00	Director	$0	$0	$0
BARRY H LIPPMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LOBEL	DIRECTOR	1.00	Director	$0	$0	$0
MINDY MANN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES E MATANKY	DIRECTOR	1.00	Director	$0	$0	$0
MARC O MAYER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MERRIN	DIRECTOR (AS OF 05/2024)	1.00	Director	$0	$0	$0
BENO MICHEL	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA NATTERSON-HOROWITZ	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE PAKULA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RICANATI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROTHSCHILD	DIRECTOR	1.00	Director	$0	$0	$0
HERBERT L SACHS	DIRECTOR	1.00	Director	$0	$0	$0
SAM SANDLER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE A SCHIEREN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL I SCHLESSINGER	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
TOM SELMAN	DIRECTOR (AS OF 05/2024)	1.00	Director	$0	$0	$0
MARC SELTZER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY SKOLNICK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRUCE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
IRA LEE SORKIN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC C STEIN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN TUFT	DIRECTOR (THRU 01/2024)	1.00	Director	$0	$0	$0
RICHARD S ZIMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA REDNIK	CEO	50.00	Officer	$486,490	$78,145	$564,635
BETH MCCOY	CEO EMERITA (THRU 12/2023)	50.00	Officer	$405,840	$86,354	$492,194
ELISSA FISHMAN	CFO/COO (THRU 05/2024)	50.00	Officer	$370,389	$68,972	$439,361
ALISON FREED	CHIEF DEVELOPMENT OFFICER	50.00	Officer	$236,328	$18,794	$255,122
ARIEL LONDONO	CFO/COO (AS OF 04/2024)	50.00	Officer	$222,338	$58,007	$280,345
MONICA LOEBL	NAT'L DIRECTOR OF DEVELOPMENT	50.00	Key Emp	$330,666	$40,467	$371,133
EILEEN HUME	CHIEF STRATEGY OFFICER	50.00	Highest	$323,352	$67,275	$390,627
GLENNYS HUHN	CHIEF HUMAN RESOURCES OFFICER	50.00	Highest	$298,040	$25,586	$323,626
MAURA MILLES	EXECUTIVE DIRECTOR - NE REGION	40.00	Highest	$259,875	$62,834	$322,709
JUSTIN PRESSMAN	EXECUTIVE DIR - WESTERN REGION	40.00	Highest	$253,218	$22,452	$275,670
ROBIN MILICH	SENIOR PHILANTHROPY OFFICER	40.00	Highest	$243,648	$46,991	$290,639

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	$167,474,448	$79,020,272	$945,651,004	$88,454,176
2023	$84,351,208	$70,976,527	$816,537,803	$13,374,681
2022	$104,687,211	$83,055,281	$754,104,894	$21,631,930
2021	$114,114,071	$75,392,295	$930,706,587	$38,721,776
2020	$142,838,481	$79,590,822	$772,129,551	$63,247,659
2019	$83,507,207	$68,054,880	$720,998,903	$15,452,327
2018	$92,851,937	$63,325,788	$714,211,971	$29,526,149

AMERICAN FRIENDS OF HEBREW UNIVERSITY INC