AMERICAN FRIENDS OF MAAGALIM INC

EIN: 273315621 501(c)(3) International Affairs

WOODBURY, NY

Total Revenue
$1,513,871
Total Expenses
$772,931
Total Assets
$832,345
Net Assets
$832,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
RICK SCHOTTENSTEIN
Phone
6142352279
Tax Period
2023-08-01 to 2024-07-31

AMERICAN FRIENDS OF MAAGALIM INC, founded in 2010, is a community nonprofit in the International Affairs sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $741K, a strong 49% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT, EITHER DIRECTLY OR BY WAY OF CONTRIBUTION TO MAAGALIM(AN EXISTING NOT-FOR-PROFIT ENTITY LOCATED IN ISRAEL) IN FURTHERANCE OF BENEVOLENT AND PHILANTHROPIC CAUSES OR PURPOSES THAT SERVE TO BENEFIT YOUTH IN NEED WHO LIVE IN POVERTY STRICKEN AREAS OF 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,513,861
Program Service Revenue $0
Investment Income $10
Other Revenue $0
TOTAL REVENUE $1,513,871

Expense Breakdown

Grants Paid $700,000
Salaries & Benefits $0
Fundraising Expenses $65,238
Program Expenses $700,000
Other Expenses $72,931
TOTAL EXPENSES $772,931

Year-over-Year Comparison

2023 2022 Change
Revenue $1,513,871 $520,441 +1.9%
Expenses $772,931 $440,319 +0.8%
Net Income $740,940 $80,122 +8.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK SCHOTTENSTEIN President 0.50
Officer
$0 $0 $0
KEN ABRAMOWITZ Treasurer 0.00
Officer
$0 $0 $0
SIMCHA FASS Secretary 0.00
Officer
$0 $0 $0
MILTON OTTENSOSER ASSIST SECRET. 0.00
Officer
$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
2024 $1,513,871 $772,931 $832,345 $740,940
2023 $520,441 $440,319 $91,405 $80,122
2022 $247,281 $429,449 $11,283 $-182,168
2021 $300,454 $205,995 $193,451 $94,459
2020 $292,305 $281,667 $98,992 $10,638
2019 $291,535 $545,667 $88,354 $-254,132
2018 $230,716 $35,621 $343,903 $195,095
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