HEBREW FREE LOAN ASSOCIATION OF WASHINGTON STATE

EIN: 916035624 501(c)(3) Human Services

MERCER ISLAND, WA

Total Revenue
$265,618
Total Expenses
$135,377
Total Assets
$881,673
Net Assets
$868,093
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
WA
Phone
2063970005
Tax Period
2024-01-01 to 2024-12-31

HEBREW FREE LOAN ASSOCIATION OF WASHINGTON STATE, founded in 1914, is a small nonprofit in the Human Services sector that reported $266K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $130K, a strong 49% operating margin.

Mission

To perform the biblical commandment "If thou lend money to any of my people even to the poor with thee thou shall not be to him a creditor neither shall you lay upon him interest.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $265,606

We provided 35 general fund loans $151,650. We collected $83,692 from loan repayments for general fund loans. We also issued 16 new student loans $116,500. We received $43,386 in loan repayments on...

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We provided 35 general fund loans $151,650. We collected $83,692 from loan repayments for general fund loans. We also issued 16 new student loans $116,500. We received $43,386 in loan repayments on our outstanding student loans. In addition we issued 22 scholarships $95,965. Donations for scholarships were treated as a pass through and placed on the balance sheet as a liability until distributed. We received 5 grants totaling $50,645. Fundraising expenses were $15,635 operational expenses were $25,686 and payroll was $79,435. We expensed bad debt of $6,150 related to 3 loans. We have 2 part-time employees and 1 contractor. The remaining $1,027 was related to Paypal fees for donations and loan payments that came through the Paypal platform. Please note that when we provide a loan the cash goes to the borrower and that amount is placed in accounts receivable on the balance sheet. There is no Income Statement activity which you are asking about in Part IX.

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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 (2024)

Revenue Breakdown

Contributions & Grants $265,606
Program Service Revenue $0
Investment Income $12
Other Revenue $0
TOTAL REVENUE $265,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,966
Fundraising Expenses $0
Program Expenses $0
Other Expenses $48,411
TOTAL EXPENSES $135,377

Year-over-Year Comparison

2024 2023 Change
Revenue $265,618 $228,157 +0.2%
Expenses $135,377 $127,933 +0.1%
Net Income $130,241 $100,224 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
2
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
6
$0
Total Directors
13
$0
Key Employees
2
$68,058
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gabe Scherzer Secretary 0.00
Officer Director
$0 $0 $0
Julia Abelev Past President 0.00
Officer Director
$0 $0 $0
Louis Kotler Treasurer 0.00
Officer Director
$0 $0 $0
Kari Haas President 0.00
Officer Director
$0 $0 $0
Judi Scherr Director 0.00
Director
$0 $0 $0
Louis Berg Director 0.00
Director
$0 $0 $0
William Hochberg Vice President 0.00
Officer Director
$0 $0 $0
Suzie Dadoun Director 0.00
Director
$0 $0 $0
Sam Mezistrano Assistant Treasurer 0.00
Officer Director
$0 $0 $0
David Berkman Director 0.00
Director
$0 $0 $0
Ori Ravid Director 0.00
Director
$0 $0 $0
Sam Blum Director 0.00
Director
$0 $0 $0
Esther Horowitz Director 0.00
Director
$0 $0 $0
Maura Roberts Executive Director 32.00
Key Emp Highest
$38,200 $0 $38,200
Melissa Gianotti Assistant to the Executive Director 15.00
Key Emp
$29,858 $0 $29,858
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 $265,618 $135,377 $881,673 $130,241
2023 $228,157 $127,933 $744,598 $100,224
2022 $192,640 $86,358 $637,486 $106,282
2021 $203,656 $74,399 $523,455 $129,257
2020 $174,619 $67,720 $401,791 $106,899
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