THE ISRAEL INDEPENDENCE FUND

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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

AHARON PULVER

Phone

9146597428

Tax Period

2023-01-01 to 2023-12-31

THE ISRAEL INDEPENDENCE FUND, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $995K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO RAISE AND DISTRIBUTE FUNDS FOR CHARITABLE ORGANIZATIONS WITH THE GOAL TO STRENGTHEN THE JEWISH AND ZIONIST SPIRIT OF THE STATE OF ISRAEL.

Program Service Accomplishments

Program 1

Expenses: $1,106,744 Revenue: $0

GRANT TO KEREN NACHALAT ATZMAUT. SEE SCHEDULE F FOR DETAIL.

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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 $993,146

Program Service Revenue $0

Investment Income $2,137

Other Revenue $0

TOTAL REVENUE $995,283

Expense Breakdown

Grants Paid $1,106,744

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,106,744

Other Expenses $13,460

TOTAL EXPENSES $1,120,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$995,283	$500,388	+1.0%
Expenses	$1,120,204	$413,094	+1.7%
Net Income	$-124,921	$87,294	-2.4%

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
AHARON PULVER	EXECUTIVE DIRECTOR	2.0	Officer Director	$0	$0	$0
JEFFREY S WIESENFELD	PRESIDENT	2.0	Officer Director	$0	$0	$0
JUDITH FRIEDMAN ROSEN	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
KENNETH S ABRAMOWITZ	TREASURER	2.0	Officer Director	$0	$0	$0
DOUGLAS ALTABEF	DIRECTOR	2.0	Director	$0	$0	$0
ABE BEYDA	DIRECTOR	2.0	Director	$0	$0	$0
JUDY FREEDMAN KADISH	DIRECTOR	2.0	Director	$0	$0	$0
JORGE KAPLAN	DIRECTOR	2.0	Director	$0	$0	$0
ALEX LANZMAN	DIRECTOR	2.0	Director	$0	$0	$0
EVA ROSENSTEIN	DIRECTOR	2.0	Director	$0	$0	$0
ERIC RUSKIN	DIRECTOR	2.0	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	$995,283	$1,120,204	$17,010	$-124,921
2022	$500,388	$413,094	$140,926	$87,294
2021	$403,357	$378,609	$70,659	$24,748
2020	$294,298	$271,227	$29,095	$23,071
2019	$295,420	$302,839	$6,024	$-7,419
2018	$592,113	$587,009	$13,443	$5,104