ISRAEL TENNIS CENTERS FOUNDATION INC (EIN 132961273) - 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

1978

Legal Domicile

Principal Officer

ILAN ALLALI

Phone

2127849200

Tax Period

2023-01-01 to 2023-12-31

ISRAEL TENNIS CENTERS FOUNDATION INC, founded in 1978, is a mid-sized nonprofit in the International Affairs sector that reported $11.8M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 38% operating margin.

Mission

ISRAEL TENNIS & EDUCATION CENTERS FOUNDATION TRANSFORMS THE LIVES OF VULNERABLE CHILDREN IN ISRAEL, CREATING OPPORTUNITIES FOR A BRIGHTER FUTURE. WE OFFER MUCH NEEDED SUPPORT TO 20,000 CHILDREN ANNUALLY, OF ALL FAITHS, MANY LIVING ON OR BELOW THE POVERTY LEVEL, BY EDUCATING AND EMPOWERING THEM THROUGH ACADEMIC ENRICHMENT, SPORTS AND MENTORING, IGNITING HOPE AND OPENING PATHWAYS TO A SUCCESSFUL FUTURE FOR THEM AND FOR ISRAEL. OUR 15 CENTERS THROUGHOUT ISRAEL ARE INTENTIONALLY LOCATED IN UNDERPRIVILEGED NEIGHBORHOODS. ITEC TRULY EMBODIES INCLUSION AND UNITY IN A REGION WHERE THIS MODEL OF ETHNIC INTEGRATION IS RARE. IN THESE SAFE AND NURTURING ENVIRONMENTS, EACH AND EVERY CHILD IS OFFERED AN EQUAL OPPORTUNITY TO PLAY, DREAM, LEARN AND MAKE FRIENDS WITHIN A PEACEFUL COMMUNITY.

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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 $11,108,299

Program Service Revenue $0

Investment Income $692,314

Other Revenue $0

TOTAL REVENUE $11,800,613

Expense Breakdown

Grants Paid $3,554,248

Salaries & Benefits $1,540,464

Fundraising Expenses $1,936,670

Program Expenses $4,750,534

Other Expenses $2,177,020

TOTAL EXPENSES $7,271,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,800,613	$6,803,679	+0.7%
Expenses	$7,271,732	$6,687,685	+0.1%
Net Income	$4,528,881	$115,994	+38.0%

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

100

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

$805,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E FRANK	DIRECTOR/BOARD MEMBER	2.00	Officer Director	$0	$0	$0
PAMELA BERKOWSKY	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA KRAUS	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
BENJAMIN BEILER	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
LISA BOGATIN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
BURTON S URY	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
CARY GREEN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
GERALD L COHEN	INTERNATIONAL TREASURER & VICE CHAIRMAN	2.00	Director	$0	$0	$0
ELIJAH ANTFLICK	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
ROSALIND DEVON	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN GREEN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
MAXIMILLIAN KAYE	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER HAAS	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
MAXINE COMISKY	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN GOLDNER	NOMINATION COMMITTEE CO-CHAIR	4.00	Director	$0	$0	$0
DAVID NICKOLL	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
MARY GREENSPON	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY GREENSPON	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN HALPERN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
AMY F HENDRICKS	DIRECTOR/BOARD MEMBER	6.00	Director	$0	$0	$0
DAVID HIRSCH	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL B GREENWALD	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA J KATELL ROWAN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELE BERMAN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
MITCH GOLDHAR	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
RACHEL STEIN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
SANDRA L LIPPY	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM LIPPY	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD PILOSOF	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD ROTHSCHILD	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
RICK STONE	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC MARSHALL	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT BARKIN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
GERALD MILLMAN	FOUNDATION VICE PRESIDENT	4.00	Director	$0	$0	$0
RUSSELL TANZ	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT GLASS	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
SAMUEL SHAPIRO	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD E REICIN	NOMINATION COMMITTEE CO-CHAIR	4.00	Director	$0	$0	$0
LESLIE CORWIN	DIRECTOR/BOARD MEMBER	4.00	Director	$0	$0	$0
TRACY URY	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
SEYMOUR BRODE	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
JOEL U MANN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE ROSENBERG	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
IRWIN J SHORR	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
STUART M SCHAPIRO	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
RANDI SELLINGER	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
HAROLD ROSENSON	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
EVAN RATNER	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
ESTELLE GISA	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY SIEGEL	INTERNATIONAL BOARD TREASURER	2.00	Director	$0	$0	$0
WENDY L SLAVIN	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA SOLOMON	FOUNDATION BOARD SECRETARY	2.00	Director	$0	$0	$0
DAVID STEINHARDT	DIRECTOR/BOARD MEMBER	2.00	Director	$0	$0	$0
JONATHAN YAIR	SENIOR VP FOR DEVELOPMENT	40.00	Officer	$275,000	$0	$275,000
ILAN ALLALI	CFO	50.00	Officer	$0	$0	$0
MARCY GUTTMAN	VP DEVELOPMENT	40.00	Officer	$180,000	$0	$180,000
NOAM YITZCHAKI	VP DEVELOPMENT	40.00	Officer	$98,000	$0	$98,000
AUBRI A TUERO	MARKETING DIRECTOR	40.00	Officer	$102,000	$0	$102,000
REGINA KHAIMOVA	CONTROLLER	40.00	Officer	$150,000	$0	$150,000

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	$11,800,613	$7,271,732	$25,340,620	$4,528,881
2022	$6,803,679	$6,687,685	$21,181,837	$115,994
2021	$5,961,087	$5,612,530	$23,498,480	$348,557
2020	$4,674,436	$4,687,629	$21,722,020	$-13,193
2019	$4,788,462	$6,837,500	$22,922,042	$-2,049,038
2018	$4,673,105	$5,744,620	$21,930,644	$-1,071,515

ISRAEL TENNIS CENTERS FOUNDATION INC