Overview
What is Israel Medical Fund Corp?
Israel Medical Fund Corp is a charitable organization situated in Lakewood, New Jersey, specifically at 5 Arosa Hill. Their primary mission is to assist and support families who have members suffering from illnesses or physical disabilities. They accomplish this by sponsoring and collaborating with other non-profit organizations, offering them guidance and resources. Furthermore, Israel Medical Fund Corp also organizes medical aid and recreational activities for individuals dealing with illnesses and disabilities, aiming to improve their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Israel Medical Fund Corp received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various operational areas. While the organization excels in impact measurement and adaptability, with perfect scores in leadership and community engagement, its overall accountability and finance metrics are concerning. The low scores in financial statements and fundraising efficiency highlight significant governance and financial transparency issues.
The organization demonstrates a strong commitment to its mission, as reflected in its high program expense ratio, ensuring that funds are directed towards its charitable objectives. Additionally, the presence of a majority independent board is a positive aspect that suggests a level of oversight. However, the lack of independent board size, alongside several missing financial management policies, points to potential vulnerabilities in governance.
Despite the strengths in program impact and community feedback mechanisms, the financial instability indicated by a low working capital ratio and liabilities to assets ratio raises red flags. Overall, while Israel Medical Fund Corp shows promise in its programmatic effectiveness, addressing its financial and operational shortcomings is critical for enhancing its stability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Israel Medical Fund Corp legitimate?
Israel Medical Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Israel Medical Fund Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Israel Medical Fund Corp?
The Israel Medical Fund Corp's mission is focused on offering guidance and assistance to families who have members with illnesses or disabilities. This non-profit organization supports established organizations with similar objectives, providing aid to families with adults and children suffering from various health conditions. Furthermore, they offer medical support and arrange recreational activities for the ill and disabled individuals, aiming to enhance their well-being.
Who is the CEO of Israel Medical Fund Corp?
Shmuel Waldman is the Trustee of Israel Medical Fund Corp.
What is the revenue of Israel Medical Fund Corp?
Israel Medical Fund Corp's revenue in 2020 was $4,000,628.
Who are the executives of Israel Medical Fund Corp and what are their salaries?
There 80 volunteers at Israel Medical Fund Corp.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Israel Medical Fund Corp?
Israel Medical Fund Corp's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Israel Medical Fund Corp
Israel Medical Fund Corp is an organization dedicated to providing assistance and guidance to families who have members suffering from illnesses or physical disabilities. Their mission is to support these families by sponsoring various non-profit organizations with the same purpose. Furthermore, they offer medical aid and recreational activities to help improve the quality of life for the ill and disabled individuals within these families. By doing so, Israel Medical Fund Corp aims to provide emotional and practical support to those in need, ultimately helping families navigate the challenges that come with caring for a loved one with a disability or illness.
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Impact
July, 2024
Israel Medical Fund Corp has a significant impact on the lives of families with ill or physically disabled members by providing guidance, support, and essential medical support. Through sponsoring established nonprofit organizations, this corporation ensures that these families receive the assistance they need to navigate the challenges associated with illness and disability. By offering medical support and organizing recreational activities for the ill and disabled, Israel Medical Fund Corp plays a crucial role in enhancing the well-being and quality of life for those in need within the community.
This information is meant to be a general summary of Israel Medical Fund Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Gross Receipts: $4,000,628
Assets and Liabilities:
- Total Assets: $844,081
- Total Liabilities: $644,191
- Net Assets: $199,890
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Organization Details
Founding Year
2016
Phone
(917) 453-4984Principal Officer
Shmuel Waldman
Main Address
5 AROSA HILL, LAKEWOOD, NJ, 08701
NTEE Category
Code: P20 - Human services
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