AMERICAN FRIENDS OF OGEN INC

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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

1992

Legal Domicile

Principal Officer

ARI H JAFFE

Phone

2163104912

Tax Period

2023-01-01 to 2023-12-31

AMERICAN FRIENDS OF OGEN INC, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum.

Mission

THIS ORGANIZATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO OGEN - ISRAEL FREE LOAN FUND AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP", WHICH PROVIDES INTEREST FREE LOANS, LOW INTEREST LOANS AND FINANCIAL EDUCATION FOR (SEE CONTINUATION ON SCHEDULE O)LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES, SMALL BUSINESSES AND NON-PROFITS IN ISRAEL.

Program Service Accomplishments

Program 1

Expenses: $3,189,820

IN FURTHERANCE OF THE ORGANIZATION'S CHARITABLE PURPOSES, THE ORGANIZATION MADE GRANTS OF $3,189,820 TO THE OGEN - ISRAEL FREE LOAN FUND, AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP", WHICH...

IN FURTHERANCE OF THE ORGANIZATION'S CHARITABLE PURPOSES, THE ORGANIZATION MADE GRANTS OF $3,189,820 TO THE OGEN - ISRAEL FREE LOAN FUND, AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP", WHICH PROVIDES INTEREST FREE LOANS, LOW INTEREST LOANS AND FINANCIAL EDUCATION FOR LOW TO MIDDLE INCOME INDIVIDUALS AND FAMILIES, SMALL BUSINESSES AND NON-PROFITS.

Program 2

AMERICAN FRIENDS OF OGEN - SLF, LLC, A DELAWARE LIMITED LIABILITY COMPANY THAT IS WHOLLY OWNED BY AMERICAN FRIENDS OF OGEN, INC., AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), PARTICIPATES ON...

AMERICAN FRIENDS OF OGEN - SLF, LLC, A DELAWARE LIMITED LIABILITY COMPANY THAT IS WHOLLY OWNED BY AMERICAN FRIENDS OF OGEN, INC., AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), PARTICIPATES ON BEHALF OF SOCIAL IMPACT FUND INVESTORS IN THE OGEN - ISRAEL SOCIAL LOAN FUND, AN IMPACT INVESTMENT FUND PROGRAM OF OGEN - ISRAEL FREE LOAN FUND, AN ISRAELI NONPROFIT ENTITY, DESIGNED TO PROVIDE LOW-INTEREST LOANS AND FINANCIAL EDUCATION TO BUSINESSES, AND NONPROFIT ORGANIZATIONS OTHERWISE UNABLE TO ACCESS AFFORDABLE CREDIT, TO ENABLE THEM TO ACHIEVE SUSTAINABLE, TRANSFORMATIVE ECONOMIC SECURITY AND/OR MOBILITY, AND THEREBY TO RELIEVE THE POOR AND DISTRESSED AND PREVENT COMMUNITY DETERIORATION. THE PURPOSE OF THE LOAN IS TO ACCOMPLISH THE ABOVE-DESCRIBED PURPOSES AND NOT (SEE CONTINUATION ON SCHEDULE O)FOR PRODUCTION OF INCOME OR THE APPRECIATION OF PROPERTY. DURING AND AS OF 12/31/2023, AMERICAN FRIENDS OF OGEN - SLF, LLC HAS A NOTE RECEIVABLE FROM OGEN - ISRAEL SOCIAL LOAN FUND OF $10,389,000, AND NOTES PAYABLE TO SOCIAL LOAN FUND LENDERS OF $10,389,000, AND AN INTEREST RECEIVABLE FROM OGEN - ISRAEL SOCIAL LOAN FUND OF $234,454 AND INTEREST PAYABLE TO SOCIAL LOAN FUND LENDERS OF $234,454.

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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 $3,210,464

Program Service Revenue $0

Investment Income $1,841

Other Revenue $0

TOTAL REVENUE $3,212,305

Expense Breakdown

Grants Paid $3,189,820

Salaries & Benefits $142,163

Fundraising Expenses $0

Program Expenses $3,189,820

Other Expenses $72,500

TOTAL EXPENSES $3,404,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,212,305	$1,654,863	+0.9%
Expenses	$3,404,483	$1,636,057	+1.1%
Net Income	$-192,178	$18,806	-11.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARI H JAFFE	PRESIDENT AND DIRECTOR	2.00	Officer Director	$0	$0	$0
BEN JAFFE	TREASURER AND DIRECTOR	2.00	Officer Director	$0	$0	$0
ROBERT GOTTESMAN	SECRETARY AND DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL LUSTIG	DIRECTOR	0.50	Director	$0	$0	$0
RUTH SALZMAN	DIRECTOR	0.50	Director	$0	$0	$0
BETH SIRULL	DIRECTOR	0.50	Director	$0	$0	$0
MISHA GALPERIN	DIRECTOR	0.50	Director	$0	$0	$0
HILA STERN THROUGH OCT 2023	EXECUTIVE DIRECTOR	40.00	Highest	$132,060	$0	$132,060

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	$3,212,305	$3,404,483	$12,021,999	$-192,178
2022	$1,654,863	$1,636,057	$9,014,182	$18,806
2021	$2,187,774	$2,154,075	$7,178,912	$33,699
2020	$32,207,231	$32,391,156	$686,974	$-183,925
2018	$258,102	$252,867	$118,558	$5,235