FRIENDS OF KITOV 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

2019

Legal Domicile

Principal Officer

CHANNA KITOV

Phone

8454677742

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF KITOV INC, founded in 2019, is a small nonprofit in the Religion sector that reported $322K in total revenue in fiscal year 2023. Expenses of $497K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE ENTITY'S MISSION IS TO SUPPORT AN EDUCATIONAL INSTITUTION, KITOV SEMINARY, THAT PROVIDES A JEWISH EDUCATION TO ITS STUDENTS AND ALSO PROVIDES SCHOLARSHIPS TO STUDENTS THAT REQUIRE FINANCIAL ASSISTANCE WITH TUITION, ROOM AND BOARD.

Program Service Accomplishments

Program 1

Expenses: $496,688 Revenue: $322,478

PROVIDED SCHOLARSHIPS TO STUDENTS THAT REQUIRE FINANCIAL ASSISTANCE WITH TUITION, ROOM AND BOARD.

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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 $322,478

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $322,478

Expense Breakdown

Grants Paid $496,688

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $496,688

Other Expenses $125

TOTAL EXPENSES $496,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,478	$324,048	0.0%
Expenses	$496,813	$133,399	+2.7%
Net Income	$-174,335	$190,649	-1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANNA KITOV	DIRECTOR	5.00	Officer 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	$322,478	$496,813	$79,737	$-174,335
2022	$324,048	$133,399	$254,072	$190,649
2021	$34,269	$70,469	$63,423	$-36,200