AFSNC INC (EIN 461723968) - 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

2012

Legal Domicile

Principal Officer

MICHELE PACKMAN

Phone

2128967635

Tax Period

2023-01-01 to 2023-12-31

AFSNC INC, founded in 2012, is a community nonprofit in the International Affairs sector that reported $5.0M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $9.1M exceeded revenue, resulting in a 84% operating deficit.

Mission

CONNECT BUSINESSES & GOVERNMENT LEADERS TO ISRAELI IDEAS, TECHNOLOGIES, AND INNOVATION.

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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 $4,962,645

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,962,645

Expense Breakdown

Grants Paid $6,765,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,046,011

Other Expenses $2,347,623

TOTAL EXPENSES $9,112,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,962,645	$10,925,000	-0.5%
Expenses	$9,112,623	$7,387,619	+0.2%
Net Income	$-4,149,978	$3,537,381	-2.2%

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
TERRY KASSEL	CHAIRMAN/PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSHUA L LEVINE	VICE CHAIRMAN/TREASURER	5.00	Officer Director	$0	$0	$0
JOSHUA KAPLAN	DIRECTOR/SECRETARY	5.00	Officer Director	$0	$0	$0
CARRIE FILIPETTI	DIRECTOR	5.00	Director	$0	$0	$0
MAX KARPEL	DIRECTOR	5.00	Director	$0	$0	$0
MICHELE PACKMAN	VICE PRESIDENT	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
2024	No data	No data	No data	No data
2023	$4,962,645	$9,112,623	$431,346	$-4,149,978
2022	$10,925,000	$7,387,619	$4,591,708	$3,537,381
2021	$9,756,195	$8,111,644	$3,029,853	$1,644,551
2020	$6,916,158	$14,374,711	$1,446,758	$-7,458,553
2019	$13,378,938	$9,740,165	$8,903,239	$3,638,773
2018	$20,838,700	$19,275,238	$5,765,606	$1,563,462

AFSNC INC