NORTHERN ISRAEL CENTER FOR ARTS AN… - 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

2010

Legal Domicile

Principal Officer

MAARTEN HEMSLEY

Phone

7815344388

Tax Period

2023-01-01 to 2023-11-13

NORTHERN ISRAEL CENTER FOR ARTS AND TECHNOLOGY LTD, founded in 2010, is a micro nonprofit that reported $7K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $250K exceeded revenue, resulting in a 3556% operating deficit.

Mission

THE NORTHERN ISRAEL CENTER FOR ARTS & TECHNOLOGY, LTD.'S PRIMARY PURPOSE IS TO SERVE AS A REPLICATION OF THE MANCHESTER CRAFTSMEN'S GUILD AND BIDWELL TRAINING CENTER IN THE STATE OF ISRAEL AND TO PROVIDE ADULT CAREER TRAINING AND YOUTH ART EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $181,447

NICAT IS AN ORGANIZATION WHICH SUPPORTS ECONOMIC DEVELOPMENT AND COEXISTENCE IN ISRAEL, INCLUDING A SCHOOL BY THE NAME OF THE AKKO CENTER FOR ARTS AND TECHNOLOGY, AN ISRAELI NONPROFIT LOCATED IN...

NICAT IS AN ORGANIZATION WHICH SUPPORTS ECONOMIC DEVELOPMENT AND COEXISTENCE IN ISRAEL, INCLUDING A SCHOOL BY THE NAME OF THE AKKO CENTER FOR ARTS AND TECHNOLOGY, AN ISRAELI NONPROFIT LOCATED IN AKKO, ISRAEL. SINCE ITS INCEPTION, NICAT'S MISSION WAS TO START UP AND ASSIST THE ISRAELI SCHOOL IT HELPED TO FOUND. DURING 2023 THE BOARD PASSED A RESOLUTION TO DISSOLVE NICAT AND DISTRUBTE THE REMAINING FUNDS OF $181,447 TO THE AKKO CENTER FOR ARTS AND TECHNOLOGY.

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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 $2,000

Program Service Revenue $0

Investment Income $4,844

Other Revenue $0

TOTAL REVENUE $6,844

Expense Breakdown

Grants Paid $181,447

Salaries & Benefits $0

Fundraising Expenses $9,449

Program Expenses $181,447

Other Expenses $59,750

TOTAL EXPENSES $250,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,844	$343,956	-1.0%
Expenses	$250,197	$1,847,351	-0.9%
Net Income	$-243,353	$-1,503,395	-0.8%

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
MARK S FRANK	PRESIDENT (EXIT 2/23)	30.00	Officer Director	$0	$0	$0
WILLIAM E STRICKLAND JR	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
MAARTEN D HEMSLEY TREASURER	(THRU 2/23), CHAIRMAN (EFF. 2/23)	3.00	Officer Director	$0	$0	$0
AARON BISNO	BOARD MEMBER	0.20	Director	$0	$0	$0
MEYER GRINBERG	BOARD MEMBER	0.20	Director	$0	$0	$0
BRUCE JONES	BOARD MEMBER	0.20	Director	$0	$0	$0
NANCY RACKOFF	BOARD MEMBER	0.20	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
2023	$6,844	$250,197	No data	$-243,353
2022	$343,956	$1,847,351	$257,036	$-1,503,395
2021	$1,942,057	$1,133,196	$1,752,530	$808,861
2020	$1,548,832	$782,873	$942,808	$765,959
2019	$1,163,657	$1,366,062	$178,132	$-202,405
2018	$790,674	$1,129,454	$386,870	$-338,780

NORTHERN ISRAEL CENTER FOR ARTS AND TECHNOLOGY LTD