FRIENDS OF HAGAL SHELI 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

2022

Legal Domicile

Principal Officer

YARON WAKSMAN

Phone

2026373328

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF HAGAL SHELI INC, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.8M, a strong 76% operating margin.

Mission

FRIENDS OF HAGAL SHELI WAS ESTABLISHED TO SUPPORT THE ISRAELI NONPROFIT HAGAL SHELI. HAGAL SHELI (MY WAVE) HAS EMPOWERED AT-RISK YOUTH AND TRAUMA SURVIVORS ACROSS ISRAEL FOR OVER A DECADE BY UTILIZING SURFING AS A TRANSFORMATIVE AND THERAPEUTIC TOOL, FOSTERING PERSONAL GROWTH, RESILIENCE, AND SUCCESS IN OVERCOMING LIFE'S CHALLENGES.

Program Service Accomplishments

Program 1

Expenses: $700,000

FRIENDS OF HAGAL SHELI CONDUCTED OPERATIONS THAT SUPPORTED THE GROWTH AND EXPANSION OF HAGAL SHELI'S ACTIVITIES IN 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,453,448

Program Service Revenue $0

Investment Income $230,014

Other Revenue $0

TOTAL REVENUE $3,683,462

Expense Breakdown

Grants Paid $700,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $700,000

Other Expenses $198,550

TOTAL EXPENSES $898,550

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,683,462	$3,341,747	+0.1%
Expenses	$898,550	$98,573	+8.1%
Net Income	$2,784,912	$3,243,174	-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
IZHAR ARMONY	CHAIR	1.00	Officer Director	$0	$0	$0
IDO GALILI	TREASURER	1.00	Officer Director	$0	$0	$0
EILON LOTEM	BOARD MEMBER	1.00	Director	$0	$0	$0
YARON WAKSMAN	EXECUTIVE DIRECTOR	5.00	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
2025	$3,683,462	$898,550	$6,619,457	$2,784,912
2024	$3,341,747	$98,573	$3,865,382	$3,243,174
2023	$578,042	$10,874	$567,178	$567,168