TIFERETH ISRAEL SYNAGOGUE FOUNDATION

EIN: 391891607 501(c)(3) Mutual Benefit

DES MOINES, IA

Total Revenue
$70,939
Total Expenses
$33,022
Total Assets
$2,018,253
Net Assets
$2,018,253
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
IA
Principal Officer
FRANK MARCOVIS
Phone
5152551137
Tax Period
2023-01-01 to 2023-12-31

TIFERETH ISRAEL SYNAGOGUE FOUNDATION, founded in 1997, is a micro nonprofit in the Mutual Benefit sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38K, a strong 53% operating margin.

Mission

THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS FOR, OR TO CARRY OUT THE PURPOSES OF TIFERETH ISRAEL SYNAGOGUE.

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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 $11,265
Program Service Revenue $0
Investment Income $59,674
Other Revenue $0
TOTAL REVENUE $70,939

Expense Breakdown

Grants Paid $30,522
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,522
Other Expenses $2,500
TOTAL EXPENSES $33,022

Year-over-Year Comparison

2023 2022 Change
Revenue $70,939 $227,006 -0.7%
Expenses $33,022 $83,816 -0.6%
Net Income $37,917 $143,190 -0.7%
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

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Governance

Voting Members
8
Independent Members
8
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON SCHOEN PRESIDENT 0.00
Officer Director
$0 $0 $0
FRANK MARCOVIS TREASURER 0.00
Officer Director
$0 $0 $0
PHILIP BEAR DIRECTOR 0.00
Director
$0 $0 $0
HARRY BOOKEY DIRECTOR 0.00
Director
$0 $0 $0
SHELLEY BRODY DIRECTOR 0.00
Director
$0 $0 $0
TIM URBAN DIRECTOR 0.00
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 $70,939 $33,022 $2,018,253 $37,917
2022 $227,006 $83,816 $1,845,087 $143,190
2021 $181,350 $92,621 $2,126,553 $88,729
2020 $238,938 $27,024 $2,037,824 $211,914
2019 $190,694 $77,711 $1,825,910 $112,983
2018 $-41,098 $127,739 $1,712,927 $-168,837
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