FRIENDS OF TEL AVIV SOURASKY MEDICAL CENTER INC

EIN: 133310053 501(c)(3) Health Care

EDISON, NJ

Total Revenue
$16,961,840
Total Expenses
$14,791,137
Total Assets
$6,398,127
Net Assets
$6,398,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
SHAY ZAFRAN
Phone
7327771158
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF TEL AVIV SOURASKY MEDICAL CENTER INC, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $17.0M in total revenue in fiscal year 2024. Expenses of $14.8M left a modest 13% surplus.

Mission

THE FRIENDS OF THE TEL AVIV SOURASKY MEDICAL CENTER HELPS TO RAISE SUPPORT FOR PROJECTS THAT ARE CHOSEN BASED UPON THE PRIORITIES SET BY THE TEL AVIV SOURASKY MEDICAL CENTER. DEDICATED TO THE MEDICAL CENTER'S DEVELOPMENT AND SUCCESS, FRIENDS OF THE TEL AVIV SOURASKY MEDICAL CENTER HAS BEEN INSTRUMENTALL IN RAISING SUPPORT FOR MAJOR PROJECTS, INCLUDING THE ESTABLISHMENT OF NEW WARDS, THE PURCHASE OF LIFE-SAVING EQUIPMENT AND THE SUPPORT OF GROUNDBREAKING RESEARCH. THE TEL AVIV SOURASKY MEDICAL CENTER (TASMC), ALSO KNOWN AS ICHILOV, WAS ESTABLISHED IN 1912 AS THE MUNICIPAL HOSPITAL OF TEL AVIV. IN 1980, TASMC BECAME A MUNICIPAL/GOVERNMENTAL INSTITUTION, AND IS NOW THE LARGEST ACUTE CARE FACILITY IN THE COUNTRY. THE MEDICAL CENTER HAS 1,500 PATIENT BEDS, 8,000 EMPLOYEES AND SERVES A POPULATION OF CLOSE TO ONE MILLION RESIDENTS, TOURISTS AND COMMUTERS IN THE GREATER TEL AVIV AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,961,840
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $16,961,840

Expense Breakdown

Grants Paid $14,670,585
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,670,585
Other Expenses $120,552
TOTAL EXPENSES $14,791,137

Year-over-Year Comparison

2024 2023 Change
Revenue $16,961,840 $16,004,640 +0.1%
Expenses $14,791,137 $11,907,802 +0.2%
Net Income $2,170,703 $4,096,838 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTURO CONSTANTINER MD DIRECTOR 1.00
Director
$0 $0 $0
ROXANNE MOFAZ CO-PRESIDENT 1.00
Officer
$0 $0 $0
SHAY ZAFRAN CO-PRESIDENT 1.00
Officer
$0 $0 $0
DAVID RAPAPORT MD DIRECTOR 1.00
Director
$0 $0 $0
PAMELA AVRAHAM CFO 10.00
Officer
$0 $0 $0
VERED ROTH SECRETARY/TR 5.00
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
2024 $16,961,840 $14,791,137 $6,398,127 $2,170,703
2023 $16,004,640 $11,907,802 $4,227,424 $4,096,838
2023 $16,004,640 $11,907,802 $4,227,424 $4,096,838
2022 $6,690,836 $8,826,294 $135,586 $-2,135,458
2021 $5,943,416 $3,807,372 $2,276,044 $2,136,044
2020 $9,042,947 $8,996,320 $504,870 $46,627
2019 $3,712,108 $3,323,129 $481,401 $388,979
2018 $2,752,230 $2,716,850 $69,264 $35,380
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