FRIENDS OF MADATECH-THE ISRAEL INSTITUTE OF SCIENCE AND TECHNOLOGYINC

EIN: 133329462 501(c)(3)

NEW YORK, NY

Total Revenue
$282,505
Total Expenses
$458,153
Total Assets
$42,928
Net Assets
$42,928
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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
EMILY HAMILTON
Phone
2129475654
Tax Period
2019-01-01 to 2019-12-31

FRIENDS OF MADATECH-THE ISRAEL INSTITUTE OF SCIENCE AND TECHNOLOGYINC, founded in 1985, is a small nonprofit that reported $283K in total revenue in fiscal year 2019. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $458K exceeded revenue, resulting in a 62% operating deficit.

Mission

FRIENDS OF MADATECH - THE ISRAEL INSTITUTE OF SCIENCE AND TECHNOLOGY, INC. (FORMELY KNOWN AS THE AMERICAN FRIENDS OF THE ISRAEL NATIONAL MUSEUM OF SCIENCE, INC.)(THE ORGANIZATION") IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF THE STATE OF NEW YORK FOUNDED IN AUGUST 1985. THE ORGANIZATION SUPPORTS THE ISRAEL NATIONAL MUSEUM OF SCIENCE, "MADATECH", BY PROVIDING SUPPORT FOR ITS PROGRAMS AND ACTIVITIES, ITS ADVANCED SCIENCE LEARNING CENTERS, AS WELL AS THE MUSEUM'S PHYSICAL MAINTENANCE, DEVELOPMENT AND EXPANSION. THE ORGANIZATION ACTS AS THE LINK BETWEEN THE MUSEUM AND SIMILAR INSTITUTIONS, MUSEUMS, FOUNDATIONS, JEWISH FEDERATIONS AND COMMUNITY LEADERS IN THE UNITED STATES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $282,505
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $282,505

Expense Breakdown

Grants Paid $350,000
Salaries & Benefits $63,462
Fundraising Expenses $41,500
Program Expenses $350,000
Other Expenses $44,691
TOTAL EXPENSES $458,153

Year-over-Year Comparison

2019 2018 Change
Revenue $282,505 $951,500 -0.7%
Expenses $458,153 $916,334 -0.5%
Net Income $-175,648 $35,166 -6.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
2
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
1
$58,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN KHADAVI SECRETARY 0.50
Director
$0 $0 $0
THOM WAYE CHAIRMAN/TREASURER 0.50
Director
$0 $0 $0
KEN ABRAMOWITZ DIRECTOR 0.50
Director
$0 $0 $0
RALPH WANGER DIRECTOR 0.50
Director
$0 $0 $0
IRYNA GUBENKO DIRECTOR 0.50
Director
$0 $0 $0
DAVID KANTER DIRECTOR 0.50
Director
$0 $0 $0
NATHAN BERNSTEIN DIRECTOR 0.50
Director
$0 $0 $0
EMILY HAMILTON EXECUTIVE DIRECTOR 40.00
Officer
$58,000 $0 $58,000
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
2019 $282,505 $458,153 $42,928 $-175,648
2018 $951,500 $916,334 $219,254 $35,166
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