FRIENDS OF DUVDEVAN

EIN: 830860160 501(c)(3) Philanthropy & Grantmaking

FARMINGTON HILLS, MI

Total Revenue
$1,799,820
Total Expenses
$1,885,456
Total Assets
$131,896
Net Assets
$131,896
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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
2018
Legal Domicile
MI
Principal Officer
HANNAN LIS
Phone
2488708889
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF DUVDEVAN, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 227% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SUPPORT FOR VETERANS OF THE ISRAELI ARMED FORCES, SPECIAL FORCES UNIT, THROUGH THE DUVDEVAN FOUNDATION. INCLUDED PROVIDING MEDICAL CARE, LEADERSHIP TRAINING AND EDUCATIONAL ASSISTANCE

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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 $1,799,820
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,799,820

Expense Breakdown

Grants Paid $1,836,010
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,836,010
Other Expenses $49,446
TOTAL EXPENSES $1,885,456

Year-over-Year Comparison

2023 2022 Change
Revenue $1,799,820 $550,183 +2.3%
Expenses $1,885,456 $349,248 +4.4%
Net Income $-85,636 $200,935 -1.4%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILLARY BARR DIRECTOR 005.00
Director
$0 $0 $0
NIR BEN ZVI DIRECTOR 005.00
Director
$0 $0 $0
STEVEN KATZ DIRECTOR 005.00
Director
$0 $0 $0
HANNAN LIS BOARD CHARIMAN/TREASURER 005.00
Officer Director
$0 $0 $0
KENNY MANDELBAUM DIRECTOR 005.00
Director
$0 $0 $0
STEPHANIE SEBAG SECRETARY 005.00
Officer Director
$0 $0 $0
RONN TOROSSIAN PRESIDENT 005.00
Officer Director
$0 $0 $0
JESSE SHARF DIRECTOR 005.00
Director
$0 $0 $0
HILA STERN DIRECTOR 005.00
Director
$0 $0 $0
PETER REMINGTON DIRECTOR 005.00
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 $1,799,820 $1,885,456 $131,896 $-85,636
2023 $1,799,820 $1,885,456 $131,896 $-85,636
2022 $550,183 $349,248 $217,532 $200,935
2021 $383,868 $415,142 $16,597 $-31,274
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