Friends of Toras Chayim Educational Center of Ashkelon Inc

EIN: 382683668 501(c)(3)

Farmington Hills, MI

Total Revenue
$45,154
Total Expenses
$69,790
Total Assets
$367,059
Net Assets
$365,934
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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
1986
Legal Domicile
MI
Principal Officer
Charles P Reisman
Phone
2488500025
Tax Period
2020-01-01 to 2020-12-31

Friends of Toras Chayim Educational Center of Ashkelon Inc, founded in 1986, is a micro nonprofit that reported $45K in total revenue in fiscal year 2020. Expenses of $70K exceeded revenue, resulting in a 55% operating deficit.

Mission

To promote religious observance and post-secondary and adult education in Ashdod and the surrounding area including community outreach and social, communal, and other charitable efforts.

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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 (2020)

Revenue Breakdown

Contributions & Grants $39,481
Program Service Revenue $0
Investment Income $5,673
Other Revenue $0
TOTAL REVENUE $45,154

Expense Breakdown

Grants Paid $67,140
Salaries & Benefits $0
Fundraising Expenses $2,650
Program Expenses $67,140
Other Expenses $2,650
TOTAL EXPENSES $69,790

Year-over-Year Comparison

2020 2019 Change
Revenue $45,154 N/A N/A
Expenses $69,790 N/A N/A
Net Income $-24,636 N/A N/A
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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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Reisman President 2.00
Officer Director
$0 $0 $0
Abraham Reisman Director 2.00
Officer Director
$0 $0 $0
Michael Baum Director 0.25
Director
$0 $0 $0
Shmuel Irons Director 0.25
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
2020 $45,154 $69,790 $367,059 $-24,636
2018 $46,511 $111,893 $439,782 $-65,382
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