FRIENDS OF ELNET (EIN 452212393) - 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

2011

Legal Domicile

Phone

8478812023

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF ELNET, founded in 2011, is a community nonprofit in the International Affairs sector that reported $9.0M in total revenue in fiscal year 2024. Expenses of $8.2M left a modest 8% surplus.

Mission

THE MISSION OF FRIENDS OF ELNET IS TO EDUCATE LEADERS AND CITIZENS FROM THE UNITED STATES AND EUROPE ABOUT ISRAEL, PROMOTE AN EXCHANGE OF IDEAS BETWEEN SUCH LEADERS AND CITIZENS AND ISRAELIS, AND INCREASE KNOWLEDGE ABOUT ISRAEL AND THEREBY IMPROVE THE DIPLOMATIC AND CULTURAL RELATIONS BETWEEN THE REGIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,679,742

Program Service Revenue $0

Investment Income $275,605

Other Revenue $0

TOTAL REVENUE $8,955,347

Expense Breakdown

Grants Paid $5,926,477

Salaries & Benefits $1,595,479

Fundraising Expenses $495,373

Program Expenses $7,029,701

Other Expenses $715,398

TOTAL EXPENSES $8,237,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,955,347	$9,192,588	0.0%
Expenses	$8,237,354	$7,868,926	+0.0%
Net Income	$717,993	$1,323,662	-0.5%

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

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

$429,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SIEGEL	President	40.00	Officer	$389,550	$0	$389,550
CAROLE MOSTOW	Secretary	10.00	Officer	$40,000	$0	$40,000
LARRY J HOCHBERG	Chairman	10.00	Officer Director	$0	$0	$0
Eric Edidin	Trustee	10.00	Director	$0	$0	$0
Joe Feinberg	Trustee	10.00	Director	$0	$0	$0
JILL RUBY-WAHBA	Director	10.00	Director	$0	$0	$0
Robert L Feldman	Trustee	10.00	Director	$0	$0	$0
Robert T Flesh	Director	10.00	Officer Director	$0	$0	$0
Leonard Foxman	Trustee	10.00	Director	$0	$0	$0
Susan Wagner	Director	10.00	Officer Director	$0	$0	$0
Orete Jonas Harkavy	Trustee	10.00	Director	$0	$0	$0
Steven J Fishman	Director	10.00	Director	$0	$0	$0
Andrew Hochberg	Trustee	10.00	Officer Director	$0	$0	$0
Jerry Rosenberg	Trustee	10.00	Director	$0	$0	$0
Eli Saulson	Trustee	10.00	Director	$0	$0	$0
OMRI DAHAN	Director	10.00	Director	$0	$0	$0
LES LEDERER	Director	10.00	Director	$0	$0	$0
LAURENT MORALI	Director	10.00	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	$8,955,347	$8,237,354	$7,141,540	$717,993
2023	$9,192,588	$7,868,926	$6,073,489	$1,323,662
2022	$7,050,381	$6,665,745	$4,749,827	$384,636
2021	$6,109,452	$5,014,568	$4,365,191	$1,094,884
2021	$6,109,452	$5,014,568	$4,365,191	$1,094,884
2020	$5,586,211	$3,787,837	$3,341,156	$1,798,374
2020	$5,586,211	$3,787,837	$3,341,156	$1,798,374
2019	$5,057,532	$5,050,868	$1,471,933	$6,664
2018	$4,603,684	$4,286,743	$1,465,269	$316,941

FRIENDS OF ELNET