PHILADELPHIA ISRAEL CHAMBER OF COMMERCE

EIN: 232663205

PHILADELPHIA, PA

Total Revenue
$76,486
Total Expenses
$86,676
Total Assets
$163,250
Net Assets
$163,250
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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
1987
Legal Domicile
PA
Principal Officer
MIKE KRUPIT
Phone
2155159544
Tax Period
2021-09-01 to 2022-08-31

PHILADELPHIA ISRAEL CHAMBER OF COMMERCE, founded in 1987, is a micro nonprofit that reported $76K in total revenue in fiscal year 2021. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $87K exceeded revenue, resulting in a 13% operating deficit.

Mission

PHILADELPHIA-ISRAEL CHAMBER OF COMMERCE PROMOTES BUSINESS VENTURES BETWEEN THE GREATER PHILADELPHIA REGION AND ISRAELI BUSINESS AND ACADEMIC COMMUNITIES.

Program Service Accomplishments

Program 1

PROGRAMS TO PROMOTE BUSINESS VENTURES BETWEEN THE GREATER PHILADELPHIA REGION AND ISRAELI BUSINESS COMMUNITIES INCLUDING: FOOD TECH CONFERENCE, SUSTAINABILITY EVENT SERIES, GENE AND CELL THERAPY AND...

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PROGRAMS TO PROMOTE BUSINESS VENTURES BETWEEN THE GREATER PHILADELPHIA REGION AND ISRAELI BUSINESS COMMUNITIES INCLUDING: FOOD TECH CONFERENCE, SUSTAINABILITY EVENT SERIES, GENE AND CELL THERAPY AND BIO CONVERGENCE, ALL PROMOTING ADVANCED TECHNOLOGIES AND INVESTMENT OPPORTUNITIES.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $69,930
Program Service Revenue $0
Investment Income $476
Other Revenue $6,080
TOTAL REVENUE $76,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,525
Fundraising Expenses $0
Other Expenses $20,151
TOTAL EXPENSES $86,676

Year-over-Year Comparison

2021 2020 Change
Revenue $76,486 $103,989 -0.3%
Expenses $86,676 $105,606 -0.2%
Net Income $-10,190 $-1,617 +5.3%
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

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Governance

Voting Members
31
Independent Members
31
Employees
1
Volunteers
N/A

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
7
$95,253
Total Directors
38
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE KRUPIT PRESIDENT 3.00
Officer Director
$0 $0 $0
MATT DANE BAKER VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
LAWTON LAWRENCE VICE PREISDENT & SECRETARY 3.00
Officer Director
$0 $0 $0
TIFFANY MCKEVER VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MICHAEL RIESENBACH TREASURER 3.00
Officer Director
$0 $0 $0
MATTHEW I FINGERMAN CHFC CFP IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
IMMANUEL JOHN K DIRECTOR 0.30
Director
$0 $0 $0
TODD ABRAMS PHD DIRECTOR 0.30
Director
$0 $0 $0
JOHN CHURCHILL DIRECTOR 0.30
Director
$0 $0 $0
LORI GAVRIN DIRECTOR 0.30
Director
$0 $0 $0
ELISABETH SIGETY ESQ DIRECTOR 0.30
Director
$0 $0 $0
RENE ROTHSTEIN RUBIN MD DIRECTOR 0.30
Director
$0 $0 $0
MATTHEW TAYLOR DIRECTOR 0.30
Director
$0 $0 $0
AYALA LAUFER-CAHANA MD DIRECTOR 0.30
Director
$0 $0 $0
SHOUVANIK CHATTERJEE DIRECTOR 0.30
Director
$0 $0 $0
SARAH FISHMAN GONCHER DIRECTOR 0.30
Director
$0 $0 $0
CYNTHIA BLAUCH DIRECTOR 0.30
Director
$0 $0 $0
STEVEN HESS SR DIRECTOR 0.30
Director
$0 $0 $0
SHINTARO KAIDO DIRECTOR 0.30
Director
$0 $0 $0
VIVIANE MARTIN DIRECTOR 0.30
Director
$0 $0 $0
JILL MATTHEWS DIRECTOR 0.30
Director
$0 $0 $0
ELLEN WEBER DIRECTOR 0.30
Director
$0 $0 $0
NEIL COOPER ESQ PAST PRESIDENT 0.30
Director
$0 $0 $0
MORRIS GOCIAL CPA PAST PRESIDENT 0.30
Director
$0 $0 $0
DAVID J ALLON PAST PRESIDENT 0.30
Director
$0 $0 $0
RICHARD A BENDIT PAST PRESIDENT 0.30
Director
$0 $0 $0
BETH COHEN PAST PRESIDENT 0.30
Director
$0 $0 $0
H MARC TEPPER PAST PRESIDENT 0.30
Director
$0 $0 $0
DAVID GITLIN PAST PRESIDENT 0.30
Director
$0 $0 $0
BENJAMIN STRAUSS PAST PRESIDENT 0.30
Director
$0 $0 $0
HOWARD JOFFE PAST PRESIDENT 0.30
Director
$0 $0 $0
STEVEN L FRIEDMAN OFF 1312022 DIRECTOR 0.30
Director
$0 $0 $0
ASAF LEVY OFF BOARD 13122 DIRECTOR 0.30
Director
$0 $0 $0
E CAROLYN HOCHSTADTER OFF BOARD131 DIRECTOR 0.30
Director
$0 $0 $0
SCOTT FELDMAN OFF BOARD 1312022 DIRECTOR 0.30
Director
$0 $0 $0
JONATHAN SPANIER PHD OFF BOARD DIRECTOR 0.30
Director
$0 $0 $0
LORI F REINER CPAOFF BOARD 13122 DIRECTOR 0.30
Director
$0 $0 $0
SETH FREEDMAN OFF BOARD 1312022 DIRECTOR 0.30
Director
$0 $0 $0
VERED NOHI EXECUTIVE DIRECTOR 45.00
Officer
$90,000 $5,253 $95,253
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
2022 $76,486 $86,676 $163,250 $-10,190
2021 $103,989 $105,606 $173,440 $-1,617
2020 $48,666 $145,473 $197,397 $-96,807
2019 $246,070 $162,548 $271,864 $83,522
2018 $144,549 $142,191 $188,342 $2,358
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