AMERICAN SOCIETY OF THE UNIVERSITY… - 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

1967

Legal Domicile

Phone

9175103835

Tax Period

2024-10-01 to 2025-09-30

AMERICAN SOCIETY OF THE UNIVERSITY OF HAIFA, founded in 1967, is a mid-sized nonprofit in the International Affairs sector that reported $21.4M in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 27% operating margin.

Mission

THE AMERICAN SOCIETY OF THE UNIVERSITY OF HAIFA ("ASUH" DBA: American Friends of University of Haifa.) INCREASES VISIBILITY AND FINANCIAL SUPPORT FOR THE UNIVERSITY OF HAIFA TO ENSURE ITS CONTINUED EXCELLENCE IN ACADEMIC RESEARCH, EDUCATION, AND COMMUNAL ACTIVITIES. ASUH CULTIVATES RELATIONSHIPS AND SERVES AS A VITAL CONNECTION BETWEEN THE UNIVERSITY AND ITS FRIENDS, ALUMNI, AND PARTNER INSTITUTIONS IN THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $13,415,864 Revenue: $0

TO PROVIDE STUDENT SCHOLARSHIPS, SUPPORT FACULTY, FUND RESEARCH AND ENHANCE FACILITIES AT THE UNIVERSITY OF HAIFA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,239,328

Program Service Revenue $0

Investment Income $140,565

Other Revenue $0

TOTAL REVENUE $21,379,893

Expense Breakdown

Grants Paid $13,415,864

Salaries & Benefits $1,458,252

Fundraising Expenses $1,506,170

Program Expenses $13,415,864

Other Expenses $716,836

TOTAL EXPENSES $15,590,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,379,893	$9,067,374	+1.4%
Expenses	$15,590,952	$9,933,954	+0.6%
Net Income	$5,788,941	$-866,580	-7.7%

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

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

$515,459

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALIZA HERZBERG	SECRETARY	1.0	Officer Director	$0	$0	$0
DR ROMANA STROCHLITZ PRIMUS	VICE CHAIR	1.0	Officer Director	$0	$0	$0
SIDNEY BANON	TREASURER	1.0	Officer Director	$0	$0	$0
WARREN GLEICHER ESQ	CHAIR	1.0	Officer Director	$0	$0	$0
AMBASSADOR PETER ROSENBLATT	DIRECTOR	1.0	Director	$0	$0	$0
BRADLEY M BLOOM	DIRECTOR	1.0	Director	$0	$0	$0
JEFFREY ROBBINS	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL ROSEN	DIRECTOR	1.0	Director	$0	$0	$0
RAFI MUSHER	DIRECTOR	1.0	Director	$0	$0	$0
THOMAS LEVY	DIRECTOR	1.0	Director	$0	$0	$0
IGOR GOLDENBERG	DIR. OF OPE. THRU 03/2025/MANAGING DIR. AS OF 03/2025	40.0	Officer	$143,600	$726	$144,326
NAOMI REINHARZ ESQ	CEO (THRU 12/31/24)	40.0	Officer	$362,882	$8,251	$371,133
KEITH BABICH	DIR. OF DEV. THRU 1/29/25/ VP, DEV. AS OF 1/30/25	40.0	Highest	$116,479	$18,342	$134,821
KEVIN LEOPOLD	VP, DEVELOPMENT (THRU 11/1/24)	40.0	Highest	$178,224	$34,504	$212,728
NAOMI SMOOK	VP, DEVELOPMENT (THRU 10/25/24)	40.0	Highest	$157,639	$19,613	$177,252
ROSANNE CASAMASSIMA	FINANCIAL CONTROLLER	40.0	Highest	$118,152	$16,405	$134,557
SCOTT BROCKMAN	VP, DEVELOPMENT	40.0	Highest	$170,000	$16,731	$186,731

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
2025	$21,379,893	$15,590,952	$18,836,383	$5,788,941
2024	$9,067,374	$9,933,954	$11,692,394	$-866,580
2023	$14,490,345	$5,714,468	$13,762,597	$8,775,877
2023	$1,173,264	$2,091,621	$12,279,118	$-918,357
2022	$5,385,665	$4,602,901	$5,034,631	$782,764
2021	$11,239,823	$18,195,538	$7,655,758	$-6,955,715
2020	$5,900,701	$7,963,725	$14,205,930	$-2,063,024
2020	$5,900,701	$7,963,725	$14,205,930	$-2,063,024
2019	$13,755,575	$11,863,237	$17,975,020	$1,892,338
2018	$13,637,264	$5,314,507	$17,892,709	$8,322,757

AMERICAN SOCIETY OF THE UNIVERSITY OF HAIFA