AMERICAN FRIENDS OF THE RAMBAM MED… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

MERI BARER

Phone

2122924499

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FRIENDS OF THE RAMBAM MEDICAL CENTER, founded in 1969, is a community nonprofit in the International Affairs sector that reported $4.8M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $7.8M exceeded revenue, resulting in a 63% operating deficit.

Mission

TO PROMOTE AND SUPPORT THE RAMBAM HEALTH CARE CAMPUS-THE PREMIER MEDICAL CENTER IN NORTHERN ISRAEL.

Program Service Accomplishments

Program 1

Expenses: $6,766,895 Revenue: $0

AMERICAN FRIENDS OF THE RAMBAM MEDICAL CENTER IS PRIVILEGED TO BE THE PRIMARY ORGANIZATION HELPING RAMBAM ACHIEVE ITS MISSION: EXCELLENCE IN MEDICINE, LEADERSHIP IN SCIENTIFIC RESEARCH, AND A...

AMERICAN FRIENDS OF THE RAMBAM MEDICAL CENTER IS PRIVILEGED TO BE THE PRIMARY ORGANIZATION HELPING RAMBAM ACHIEVE ITS MISSION: EXCELLENCE IN MEDICINE, LEADERSHIP IN SCIENTIFIC RESEARCH, AND A COMMITMENT TO PROVIDING MEDICAL CARE FOR ALL IN NEED. OVER 6.5 MILLION DOLLARS IN GRANT FUNDS WERE AWARDED TO RAMBAM HEALTH CARE CAMPUS IN HAIFA, ISRAEL IN 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,688,601

Program Service Revenue $0

Investment Income $95,992

Other Revenue $0

TOTAL REVENUE $4,784,593

Expense Breakdown

Grants Paid $6,766,895

Salaries & Benefits $647,292

Fundraising Expenses $442,312

Program Expenses $6,766,895

Other Expenses $379,261

TOTAL EXPENSES $7,793,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,784,593	$6,061,661	-0.2%
Expenses	$7,793,448	$7,932,143	0.0%
Net Income	$-3,008,855	$-1,870,482	+0.6%

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

$264,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERI BARER	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID A STERLING	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVID ADLERSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE CHABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
ADAM EMMERICH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE FELDENKREIS	DIRECTOR	1.00	Director	$0	$0	$0
ALAN FORMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAL FROSTIG	DIRECTOR	1.00	Director	$0	$0	$0
LEVY GERZBERG	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL JONAS	DIRECTOR	1.00	Director	$0	$0	$0
MITCH RUBENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JESSE M SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
AGNES SHEMIA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SHEMIA	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SOHNIS	DIRECTOR	1.00	Director	$0	$0	$0
AARON SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
MARK SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE A WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
NATHANIEL GOLDMAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$195,000	$41,799	$236,799
NAOMI REINHARZ CHIEF	EXECUTIVE OFFICER (AS OF DEC 2024)	40.00	Officer	$27,500	$0	$27,500
ELLEN POMERANTZ	DIRECTOR - NORTHEAST REGION	40.00	Highest	$137,405	$22,794	$160,199
SARI KATZ ARSHADNIA	DIRECTOR - WESTERN REGION	40.00	Highest	$126,000	$54,513	$180,513

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	$4,784,593	$7,793,448	$14,954,211	$-3,008,855
2023	$6,061,661	$7,932,143	$17,979,409	$-1,870,482
2022	$18,223,295	$3,318,820	$19,835,404	$14,904,475
2021	$3,958,542	$4,518,215	$4,936,949	$-559,673
2020	$2,918,440	$4,207,391	$5,590,616	$-1,288,951
2019	$1,691,755	$5,073,244	$7,441,855	$-3,381,489
2018	$3,205,537	$4,278,629	$10,808,742	$-1,073,092

AMERICAN FRIENDS OF THE RAMBAM MEDICAL CENTER