FRIENDS OF ITAMAR INCORPORATED

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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

2007

Legal Domicile

Principal Officer

MARSHALL GOLDSMITH

Phone

7185029529

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF ITAMAR INCORPORATED, founded in 2007, is a small nonprofit in the Religion sector that reported $747K in total revenue in fiscal year 2023. The organization ran a surplus of $290K, a strong 39% operating margin.

Mission

FRIENDS OF ITAMAR IS ORGANIZED TO SUPPORT CHARITABLE ACTIVITIES IN THE TOWN OF ITAMAR, ISRAEL.

Program Service Accomplishments

Program 1

Expenses: $400,000

THE ORGANIZATION PROVIDED GRANTS TO AN ISRAELI REGISTERED NONPROFIT ORGANIZATION WHICH HAS THE SAME OBJECTIVES AS THE U.S. ORGANIZATION. THE FUNDS WERE USED TO HELP SUPPORT THE ACTIVITIES OF A...

THE ORGANIZATION PROVIDED GRANTS TO AN ISRAELI REGISTERED NONPROFIT ORGANIZATION WHICH HAS THE SAME OBJECTIVES AS THE U.S. ORGANIZATION. THE FUNDS WERE USED TO HELP SUPPORT THE ACTIVITIES OF A SYNAGOGUE, CENTER FOR YOUTH WITH LEARNING DISABILITIES, HIGH SCHOOL, YOUTH CENTER, PARKS, VICTIMS OF TERROR, AGRICULTURAL ASSISTANCE TO FARMERS, CULTURAL ACTIVITIES AND TO ASSIST INDIVIDUALS WHO ARE SUFFERING FROM SEVERE ILLNESSES OR DISABILITIES.

Program 2

Expenses: $4,475

THE ORGANIZATION PAID FOR EXPENSES RELATED TO THE VISITOR'S CENTER AND A DROP OFF POINT WHICH IS USED TO DISTRIBUTE FOOD AND CLOTHING TO PEOPLE IN NEED.

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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 $747,102

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $747,102

Expense Breakdown

Grants Paid $404,475

Salaries & Benefits $0

Fundraising Expenses $18,608

Program Expenses $404,475

Other Expenses $52,423

TOTAL EXPENSES $456,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$747,102	$707,587	+0.1%
Expenses	$456,898	$545,315	-0.2%
Net Income	$290,204	$162,272	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SCHLESINGER	DIRECTOR	2.00	Director	$0	$0	$0
OFER HEAD	DIRECTOR	2.00	Director	$0	$0	$0
JEFFERY SCHWARTZ	DIRECTOR	2.00	Director	$0	$0	$0
MARSHALL GOLDSMITH	EXECUTIVE DI	2.00	Director	$0	$0	$0

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	$747,102	$456,898	$1,752,989	$290,204
2022	$707,587	$545,315	$1,464,449	$162,272
2021	$548,413	$399,099	$1,300,256	$149,314
2020	$677,405	$443,167	$1,146,074	$234,238
2019	$459,020	$453,061	$913,814	$5,959
2018	$717,196	$408,335	$908,689	$308,861