TIKVA CORP (EIN 223779212) - Form 990 Financial Analysis & Trantor Score

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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 JEWISH COMMUNITY OF ODESSA, UKRAINE. DUE TO THE WAR IN UKRAINE, THE MAJORITY OF OUR COMMUNITY RESIDES IN BUCHAREST, ROMANIA.

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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

$162,115

Key Employees

$200,001

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD FRANKEL	MEMBER/CHAIRMAN OF THE BOA	10.00	Officer Director	$0	$0	$0
REFAEL KRUSKAL	CEO/VICE PRESIDENT	40.00	Officer Director	$0	$0	$0
EFFY ZINKIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLIOT SCHNIER	MEMBER/VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
PHIL GROSS	MEMBER/VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDREW J STAMELMAN	MEMBER/SECRETARY	5.00	Officer Director	$0	$0	$0
LORI DONZA	TREASURER	40.00	Officer Director	$162,115	$0	$162,115
RABBI SHLOMO BAKSHT	TRUSTEE	40.00	Director	$0	$0	$0
SCOTT ROSE	TRUSTEE	1.00	Director	$0	$0	$0
WARREN STIEGLITZ	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA SHOLL	TRUSTEE	1.00	Director	$0	$0	$0
ROSE GERSZBERG	TRUSTEE	1.00	Director	$0	$0	$0
MOREY GOLDBERG	TRUSTEE	1.00	Director	$0	$0	$0
CARLA HARMAN	TRUSTEE	1.00	Director	$0	$0	$0
LENNY KRAYZELBURG	TRUSTEE	1.00	Director	$0	$0	$0
LEAH FRANKEL	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR BLACK	TRUSTEE	1.00	Director	$0	$0	$0
KEITH FRANKEL	TRUSTEE	1.00	Director	$0	$0	$0
ALAN FINKELMAN	TRUSTEE	1.00	Director	$0	$0	$0
SHERYL LIPMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE POZNAK	TRUSTEE	1.00	Director	$0	$0	$0
JON GERSZBERG	TRUSTEE	1.00	Director	$0	$0	$0
EUGENE FERSHTEYN	TRUSTEE	1.00	Director	$0	$0	$0
MISSY WEIDHORN	TRUSTEE	1.00	Director	$0	$0	$0
YANINA FLEYSHER	TRUSTEE	1.00	Director	$0	$0	$0
RUSS KRIVOR	TRUSTEE	1.00	Director	$0	$0	$0
OLEG LANGBORT	TRUSTEE	1.00	Director	$0	$0	$0
MIRYAM REINITZ-KOPS	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY POSEN	CFO	40.00	Officer Director	$0	$0	$0
ARIELLE ASSAYAG	EXECUTIVE DIRECTOR	40.00	Key Emp	$168,997	$31,004	$200,001
YANNA BEGELMAN	DIRECTOR OF DEVELOPMENT	40.00	Highest	$375,000	$15,876	$390,876

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	$22,469,581	$26,885,298	$3,162,785	$-4,415,717
2022	$37,648,332	$30,401,710	$7,396,191	$7,246,622
2021	$12,711,125	$11,849,720	$10,446,184	$861,405
2021	$2,499,763	$11,920,551	$149,569	$-9,420,788
2020	$12,553,378	$10,562,987	$9,751,027	$1,990,391
2019	$13,153,807	$11,309,745	$7,963,386	$1,844,062
2019	$13,153,807	$11,429,745	$7,843,386	$1,724,062
2018	$10,702,631	$10,169,473	$6,054,324	$533,158
2018	$10,702,631	$9,919,473	$6,304,324	$783,158

TIKVA CORP