FRIENDS OF THE ISRAEL CENTER FOR S… - 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

1982

Legal Domicile

Principal Officer

DANIEL DORON

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE ISRAEL CENTER FOR SOCIAL & ECONOMIC PROGRESS, founded in 1982, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2023. Revenue surged 288% from the prior year, signaling strong growth momentum. Expenses of $14K exceeded revenue, resulting in a 228% operating deficit.

Mission

EDUCATING THE ISRAELI PUBLIC AT LARGE IN MODERN DEMOCRATIC CAPITALIST ECONOMIC THOUGHT. INDEPENDENT LECTURERS PRESENT THE AUDIENCE AT SEMINARS HELD BY THE ORGANIZATION IN ISRAEL WITH MODERN ECONOMIC THEORIES SUCH AS THOSE OF PROF. FREDERIC HAYEK, PROF. MILTON FRIEDMAN AND OTHERS. ATTENDEES ARE THEN REQUESTED TO EVALUATE THE INFORMATION AND RETURN IT TO THE ORGANIZATION FOR ANALYSIS PURPOSES. THE PURPOSE OF THIS ORGANIZATION IS EXPRESSLY EDUCATIONAL AND IT HAS NO POLITICAL PURPOSE OR AFFILIATION.

Program Service Accomplishments

Program 1

Expenses: $1,818

SEMINARS,CONFERENCES,RESEARCH, EDUCATIONAL FILMS, TO CARRY OUT THE EDUCATIONAL PURPOSES OF THE ORGANIZATION. Independent lecturers present the audience at seminars held by the organization in Israel with modern economic theories such as those of Prof. Frederic Hayek, Prof. Milton Friedman and others. Attendees are then requested to evaluate the information and return it to the organization for analysis purposes. The purpose of this organization is expressly educational and it has no political purpose or affiliation.

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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 $4,185

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,107

Program Expenses $1,818

Other Expenses $13,740

TOTAL EXPENSES $13,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,185	$1,080	+2.9%
Expenses	$13,740	$7,831	+0.8%
Net Income	$-9,555	$-6,751	+0.4%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
KENNETH ABRAMOWITZ	PRESIDENT	Officer	$0	$0	$0
CHARLOTTE FRANK	DIRECTOR	Officer	$0	$0	$0
JAMES KAHN	DIRECTOR	Officer	$0	$0	$0
ROY MARDEN	DIRECTOR	Officer	$0	$0	$0
SUSAN DORON	DIRECTOR	Officer	$0	$0	$0
Lavi Sigman	Treasury/Secretary	Officer	$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	$4,185	$13,740	$55,547	$-9,555
2022	$1,080	$7,831	$65,102	$-6,751
2021	$74,152	$57,205	$71,853	$16,947
2020	$11,880	$5,213	$54,906	$6,667
2019	$140,842	$137,888	$48,239	$2,954
2018	$127,880	$158,290	$45,285	$-30,410

FRIENDS OF THE ISRAEL CENTER FOR SOCIAL & ECONOMIC PROGRESS