AMERICAN FRIENDS OF KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS

EIN: 943201147 501(c)(3)

SAN FRANCISCO, CA

Total Revenue
$17,882
Total Expenses
$348,407
Total Assets
$575,583
Net Assets
$556,835
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Principal Officer
MARLENA WONG
Phone
4158827740
Tax Period
2019-01-01 to 2019-12-31

AMERICAN FRIENDS OF KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS, founded in 1994, is a micro nonprofit that reported $18K in total revenue in fiscal year 2019. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $348K exceeded revenue, resulting in a 1848% operating deficit.

Mission

TO FACILITATE ACCESS TO FUNDING FOR CAPITAL AND OPERATIONS, PRIMARILY THROUGH KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS (KIEDF), TO QUALIFYING ENTERPRISES IN ORDER TO FOSTER ECONOMIC DEVELOPMENT AND EMPLOYMENT IN ISRAEL.

Program Service Accomplishments

Program 1
Expenses: $301,119

GRANTS TO KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS TO SUPPORT LOAN GUARANTEE PROGRAMS IN ISRAEL AND OTHER ADMINISTRATIVE AND RELATED EXPENSES IN THE U.S.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $0
Investment Income $7,882
Other Revenue $0
TOTAL REVENUE $17,882

Expense Breakdown

Grants Paid $200,000
Salaries & Benefits $12,946
Fundraising Expenses $4,500
Program Expenses $301,119
Other Expenses $135,461
TOTAL EXPENSES $348,407

Year-over-Year Comparison

2019 2018 Change
Revenue $17,882 $227,895 -0.9%
Expenses $348,407 $377,617 -0.1%
Net Income $-330,525 $-149,722 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
3
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
2
$8,903
Total Directors
4
$8,903
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marlena Wong Treasurer/Secretary 2.0
Officer Director
$8,903 $0 $8,903
Jeffrey A Farber President 1.0
Officer Director
$0 $0 $0
Stephen M Grand Director 1.0
Director
$0 $0 $0
Anita Friedman Director 1.0
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
2019 $17,882 $348,407 $575,583 $-330,525
2018 $227,895 $377,617 $939,020 $-149,722
Explore More Nonprofits
→Top 100 Nonprofits in California →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare AMERICAN FRIENDS OF KORET ISRAEL ECONOMIC DEVELOPMENT FUNDS with other nonprofits in California and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.