TIKVA CORP

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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

2000

Legal Domicile

Principal Officer

LORI DONZA

Phone

9172621159

Tax Period

2023-01-01 to 2023-12-31

TIKVA CORP, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $22.5M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $26.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE VITAL SERVICES TO THE JEWISH CHILDREN AND THE GROWING JEWISH COMMUNITY OF ODESSA, UKRAINE. IN FEBRUARY OF 2022, THE WAR IN UKRAINE FORCED TIKVA TO RELOCATE MOST OF ITS COMMUNITY, PROGRAMS, AND SERVICES TO ROMANIA. APPROXIMATELY 20% OF TIKVA'S OPERATIONS REMAIN IN ODESSA, UKRAINE.

Program Service Accomplishments

Program 1

Expenses: $24,751,382

THE CORPORATION'S MISSION IS TO PROVIDE VITAL SERVICES TO THE JEWISH CHILDREN AND JEWISH COMMUNITY OF ODESSA, UKRAINE. DUE TO THE WAR IN UKRAINE, THE MAJORITY OF OUR COMMUNITY RESIDES IN BUCHAREST...

THE CORPORATION'S MISSION IS TO PROVIDE VITAL SERVICES TO THE JEWISH CHILDREN AND JEWISH COMMUNITY OF ODESSA, UKRAINE. DUE TO THE WAR IN UKRAINE, THE MAJORITY OF OUR COMMUNITY RESIDES IN BUCHAREST, ROMANIA.1. HOME AND MEDICAL CARE FOR ABANDONED, ORPHANED AND ABUSED JEWISH CHILDREN UP TO APPORXIMATELY SIXETEEN YEARS OLD. 2. EDUCATION FOR CHILDREN, WHICH CONSISTS OF KINDERGARDTEN THROUGH UNIVERSITY ACCREDITED PROGRAMS, INCLUDING AFTER-SCHOOL CARE AND SPECIAL NEEDS ASSISTANCE. 3. ADULT EDUCATION PROGRAM, WHICH PROVIDES UNIVERSITY CLASSES AND CULTURAL ACTIVITIES. 4. DAILY MEALS AND HOMECARE FOR ELDERLY JEWISH PEOPLE. 5. SYNAGOGUE FOR THOSE OF THE JEWISH FAITH TO SEEK SPIRITUAL SUPPORT. 6. FINANCIAL SUPPORT, EDUCATIONAL AND SUPPORTIVE COUNSELING FOR CHILDREN OLDER THAN SIXTEEN YEARS OLD WHEN RELOCATING TO ISRAEL.

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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 $22,394,877

Program Service Revenue $0

Investment Income $0

Other Revenue $74,704

TOTAL REVENUE $22,469,581

Expense Breakdown

Grants Paid $24,641,392

Salaries & Benefits $831,269

Fundraising Expenses $885,502

Program Expenses $24,751,382

Other Expenses $1,412,637

TOTAL EXPENSES $26,885,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,469,581	$37,648,332	-0.4%
Expenses	$26,885,298	$30,401,710	-0.1%
Net Income	$-4,415,717	$7,246,622	-1.6%

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

$162,115

Total Directors