FRIENDS OF REFUGEES OF EASTERN EUROPE INC (EIN 362822431) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

Shmuel Notik

Phone

7732745123

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF REFUGEES OF EASTERN EUROPE INC, founded in 1977, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

Assist Jewish Immigrants from Eastern Europe and their families

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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 $1,476,076

Program Service Revenue $26,620

Investment Income $972

Other Revenue $325

TOTAL REVENUE $1,503,993

Expense Breakdown

Grants Paid $161,089

Salaries & Benefits $472,005

Fundraising Expenses $116,628

Program Expenses $1,454,589

Other Expenses $1,196,505

TOTAL EXPENSES $1,829,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,503,993	$2,147,160	-0.3%
Expenses	$1,829,599	$1,811,374	+0.0%
Net Income	$-325,606	$335,786	-2.0%

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

$64,673

Total Directors

$77,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shmuel Notik	President & Secretary	50	Officer Director	$27,450	$37,223	$64,673
Shterna Notik	Director	10	Director	$8,391	$0	$8,391
Meyer Schanowitz	Director	3	Director	$4,280	$0	$4,280
Eliyohu Langsam	Director	1	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	$1,503,993	$1,829,599	$2,363,118	$-325,606
2023	$2,147,160	$1,811,374	$2,738,656	$335,786
2022	$1,219,456	$1,186,244	$2,447,273	$33,212
2021	$1,497,850	$1,299,168	$3,147,046	$198,682
2020	$1,331,544	$1,298,100	$2,521,922	$33,444

FRIENDS OF REFUGEES OF EASTERN EUROPE INC