AMERICAN FRIENDS OF OGEN INC

EIN: 133691494 501(c)(3) Community Improvement

UNIVERSITY HEIGHTS, OH

Total Revenue
$3,212,305
Total Expenses
$3,404,483
Total Assets
$12,021,999
Net Assets
$-137,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
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

THE ORGANIZATION MAY ENGAGE IN ALL FORMS OF CHARITABLE ACTIVITY (SEE CONTINUATION ON SCHEDULE O)WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS PRIMARILY ENGAGED IN PROVIDING INTEREST-FREE AND LOW INTEREST LOANS AND FINANCIAL EDUCATION TO INDIVIDUALS, FAMILIES, BUSINESSES AND NON-PROFIT ORGANIZATIONS IN ISRAEL THROUGH GRANTS TO OGEN - ISRAEL FREE LOAN FUND, AND ITS SUBSIDIARIES, COLLECTIVELY THE "OGEN GROUP."

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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 (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

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Governance

Voting Members
7
Independent Members
7
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
7
$0
Key Employees
0
$0
Highest Compensated
1
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
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