ISRAEL HEALTHCARE FOUNDATION INC

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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

ETHEL SIRIS

Phone

2128401166

Tax Period

2023-01-01 to 2023-12-31

ISRAEL HEALTHCARE FOUNDATION INC, founded in 2010, is a community nonprofit in the Health Care sector that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $8.9M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO ASSIST ISRAELIS, BY PROVIDING GRANTS TO HOSPITALS AND CLINICS IN ISRAEL.

Program Service Accomplishments

Program 1

Expenses: $8,584,214

ISRAEL HEALTHCARE PROGRAM PROVIDES GRANTS TO CHARITABLE HEALTHCARE ORGANIZATIONS FOR RESEARCH AND CAPITAL PROJECTS. IT SUPPORTS CONSTRUCTION OF HEALTH FACILITIES SUCH AS OPERATING ROOMS AND CANCER...

ISRAEL HEALTHCARE PROGRAM PROVIDES GRANTS TO CHARITABLE HEALTHCARE ORGANIZATIONS FOR RESEARCH AND CAPITAL PROJECTS. IT SUPPORTS CONSTRUCTION OF HEALTH FACILITIES SUCH AS OPERATING ROOMS AND CANCER CENTERS.

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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 $6,637,432

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,637,432

Expense Breakdown

Grants Paid $8,584,214

Salaries & Benefits $0

Fundraising Expenses $263,161

Program Expenses $8,584,214

Other Expenses $207,105

TOTAL EXPENSES $8,914,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,637,432	$3,251,804	+1.0%
Expenses	$8,914,849	$5,365,123	+0.7%
Net Income	$-2,277,417	$-2,113,319	+0.1%

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
ETHEL SIRIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL APPELBAUM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STUART ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WOLK FEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP LANZKOWSKY	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN LEBWOHL	DIRECTOR	1.00	Director	$0	$0	$0
CHAIM REICH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SCHWAGER	DIRECTOR	1.00	Director	$0	$0	$0
SHERRIE RAZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RICHARDS	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$6,637,432	$8,914,849	$2,490,761	$-2,277,417
2023	$6,260,613	$8,914,849	$2,112,223	$-2,654,236
2022	$3,251,804	$5,365,123	$4,770,092	$-2,113,319
2021	$6,486,334	$5,100,222	$6,879,692	$1,386,112
2020	$7,187,429	$7,054,892	$5,478,100	$132,537
2019	$5,372,015	$6,232,630	$5,367,563	$-860,615
2018	$3,721,219	$2,306,056	$6,238,178	$1,415,163