FRIENDS OF OFANIM INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

PAUL SILBERBERG

Phone

6107336515

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF OFANIM INC, founded in 2005, is a community nonprofit in the International Affairs sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $456K, a strong 21% operating margin.

Mission

FRIENDS OF OFANIM, INC. IS A NON-PROFIT ORGANIZATION WHOSE PRINCIPAL PURPOSE IS TO PROMOTE EDUCATIONAL OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED CHILDREN AND OTHERS. FRIENDS OF OFANIM RAISES AWARENESS OF OFANIM, A CHARITABLE ORGANIZATION FORMED UNDER THE LAWS OF THE STATE OF ISRAEL THAT PROVIDES EDUCATIONAL OPPORTUNITIES TO ECONOMICALLY DISADVANTAGED CHILDREN AND OTHER PERSONS IN ISRAEL, AND MAKES GRANTS TO OFANIM AND OTHER CHARITABLE ORGANIZATIONS THAT PROVIDE SUCH EDUCATIONAL OPPORTUNITIES, AS AND WHEN IDENTIFIED AND APPROVED BY THE BOARD OF DIRECTORS.

Program Service Accomplishments

Program 1

Expenses: $1,495,498

IN FURTHERANCE OF FRIENDS OF OFANIM'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED CHILDREN AND OTHERS, FRIENDS OF OFANIM MAKES GRANTS TO OFANIM, A NON-PROFIT EDUCATIONAL ORGANIZATION IN ISRAEL, TO PAY SPECIFIED EXPENSES APPROVED BY FRIENDS OF OFANIM'S BOARD OF DIRECTORS. EXPENSES FUNDED BY GRANTS FROM FRIENDS OF OFANIM INCLUDE THE COST OF RETROFITTING USED BUSES INTO MOBILE CLASSROOMS AND EMPLOYING STAFF THAT DELIVER SUPPLEMENTAL EDUCATIONAL INSTRUCTION TO APPROXIMATELY 1,400 STUDENTS LIVING IN UNDERSERVED AND REMOTE NEIGHBORHOODS IN ISRAEL'S FARTHEST PERIPHERIES. PROGRAMS INCLUDE ROBOTICS, MATH, SCIENCE, COMPUTERS, 3D PRINTING AND A YOUNG DOCTORS PROGRAM, AS WELL AS PILOT PROGRAM CALLED REACHING FARTHER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,128,284

Program Service Revenue $0

Investment Income $61,501

Other Revenue $0

TOTAL REVENUE $2,189,785

Expense Breakdown

Grants Paid $1,495,498

Salaries & Benefits $116,701

Fundraising Expenses $85,786

Program Expenses $1,495,498

Other Expenses $121,569

TOTAL EXPENSES $1,733,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,189,785	$2,713,768	-0.2%
Expenses	$1,733,768	$1,461,062	+0.2%
Net Income	$456,017	$1,252,706	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$104,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SILBERBERG	CO-PRESIDENT	7.50	Officer Director	$0	$0	$0
ANGELICA BERRIE	CO-PRESIDENT	7.50	Officer Director	$0	$0	$0
EDWARD BAUMSTEIN	TREASURER	2.50	Officer Director	$0	$0	$0
RUTH NEWMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
HAIM EMIL DAHAN	BOARD MEMBER	0.25	Director	$0	$0	$0
MARK FISHMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
KEN GOLDBLATT	BOARD MEMBER	0.25	Director	$0	$0	$0
CHARLES GWIRTSMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
FAYE KIMERLING	BOARD MEMBER	0.25	Director	$0	$0	$0
TOREN KUTNICK	BOARD MEMBER	0.25	Director	$0	$0	$0
YOAV SHIFFMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
PETER WRIGHT	BOARD MEMBER	0.25	Director	$0	$0	$0
LEORA PROPER	BOARD MEMBER	0.25	Director	$0	$0	$0
BOAZ OZERY	EXECUTIVE DIRECTOR	40.00	Officer	$95,500	$9,390	$104,890

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	$2,189,785	$1,733,768	$5,322,174	$456,017
2022	$2,713,768	$1,461,062	$4,677,010	$1,252,706
2021	$1,154,152	$1,231,299	$3,676,154	$-77,147
2020	$1,260,601	$772,299	$3,602,879	$488,302
2019	$1,237,010	$795,961	$2,939,545	$441,049
2018	$1,125,369	$997,571	$2,342,189	$127,798
2017	$1,296,573	$1,108,663	$2,222,204	$187,910