HADASSAH MEDICAL RELIEF ASSOCIATIO… - 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

1925

Legal Domicile

Phone

2123557900

Tax Period

2023-01-01 to 2023-12-31

HADASSAH MEDICAL RELIEF ASSOCIATION INC, founded in 1925, is a mid-sized nonprofit in the International Affairs sector that reported $32.4M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $64.7M exceeded revenue, resulting in a 100% operating deficit.

Mission

HADASSAH MEDICAL RELIEF ASSOCIATION, INC. IS FORMED TO SUPPORT, AS A TYPE I SUPPORTING ORGANIZATION, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("HWZOA"). HWZOA IS A VOLUNTEER ORGANIZATION THAT INSPIRES A PASSION FOR AND COMMITMENT TO THE LAND, THE PEOPLE, AND THE FUTURE OF ISRAEL. THROUGH EDUCATION, ADVOCACY, AND YOUTH DEVELOPMENT, AND ITS SUPPORT OF MEDICAL CARE AND RESEARCH AT HADASSAH MEDICAL ORGANIZATION, HWZOA ENHANCES THE HEALTH AND LIVES OF PEOPLE IN ISRAEL, THE UNITED STATES AND WORLDWIDE.

Program Service Accomplishments

Program 1

Expenses: $62,275,322

GRANTS TO AFFILIATES: BEGINNING IN 2021, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. ("HWZOA") GRANTED TO HMRA THE DISCRETION AND RESPONSIBILITY FOR ADMINISTERING, MANAGING AND...

GRANTS TO AFFILIATES: BEGINNING IN 2021, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. ("HWZOA") GRANTED TO HMRA THE DISCRETION AND RESPONSIBILITY FOR ADMINISTERING, MANAGING AND INVESTING CERTAIN INVESTMENT ASSETS. FOR INVESTMENT PURPOSES ONLY, HMRA IS ALLOWED TO POOL AND MANAGE THE FUNDS WITH FUNDS OWNED BY HMRA AND THE HADASSAH FOUNDATION, INC. ("HF"). ON A QUARTERLY BASIS, HMRA TRANSFERS TO HWZOA AND HF THEIR PRO RATA SHARE OF INVESTMENT INCOME. IN ADDITION, HMRA TRANSFERS TO HWZOA DISTRIBUTIONS FROM ENDOWMENTS HELD BY HMRA.

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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 $9,979,486

Program Service Revenue $0

Investment Income $22,340,029

Other Revenue $51,245

TOTAL REVENUE $32,370,760

Expense Breakdown

Grants Paid $62,275,322

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,275,322

Other Expenses $2,429,707

TOTAL EXPENSES $64,705,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,370,760	$75,563,337	-0.6%
Expenses	$64,705,029	$33,735,001	+0.9%
Net Income	$-32,334,269	$41,828,336	-1.8%

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

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

$1,036,656

Total Directors

Key Employees

$494,944

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE PRESIDENT (START 1/1/2023)	6.0	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT	6.0	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT (START 1/1/2023)	6.0	Officer Director	$0	$0	$0
N/A	SECRETARY (START 1/1/2023)	6.0	Officer Director	$0	$0	$0
N/A	TREASURER	6.0	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT	6.0	Officer Director	$0	$0	$0
N/A	PRESIDENT	6.0	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT	6.0	Officer Director	$0	$0	$0
N/A	VICE PRESIDENT	6.0	Officer Director	$0	$0	$0
N/A	PAST NATIONAL PRESIDENT	6.0	Director	$0	$0	$0
N/A	PAST NATIONAL PRESIDENT	6.0	Director	$0	$0	$0
N/A	CHIEF EXECUTIVE OFFICER	1.0	Officer	$0	$98,749	$524,838
N/A	CFO/COO	1.0	Officer	$0	$95,786	$511,818
N/A	CHIEF LEGAL OFFICER & GEN. COUNSEL	1.0	Key Emp	$0	$76,103	$494,944

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	$32,370,760	$64,705,029	$635,523,164	$-32,334,269
2022	$75,563,337	$33,735,001	$564,855,684	$41,828,336
2021	$50,906,481	$418,787,826	$704,848,131	$-367,881,345
2020	$117,380,664	$76,815,720	$674,056,706	$40,564,944
2019	$66,448,220	$75,073,004	$584,141,916	$-8,624,784
2018	$74,764,423	$74,992,605	$516,766,599	$-228,182

HADASSAH MEDICAL RELIEF ASSOCIATION INC