Hebrew Free Loan Association of Washington State

Nonprofit profile at a glance

EIN
916035624
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-N 2017
Location
Mercer Island, WA, USA
Phone
2063970005
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Emergency Assistance
Affiliation
Judaism

Reported finances

Revenue
$488,913
Expenses
$254,489
Assets
$1,110,018
Liabilities
$4,910

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • Rose Yu (Executive Director starting March 16 2025)
  • Maura Roberts (Executive Director through April 15 2025)
  • Bill Hochberg (President)
  • Kari Haas (Past President)
  • Ori Ravid (Vice President)

Highest reported compensation

  • Rose Yu (Executive Director starting March 16 2025): $52,705 total reported compensation
  • Maura Roberts (Executive Director through April 15 2025): $17,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provides confidential interest-free loans that help members of the Jewish community in Washington State overcome financial challenges build resilience and create opportunities.

What it reported doing in 2025

HFLA provides confidential interest-free loans to members of the Jewish community in Washington State to help them overcome financial challenges build resilience and create opportunities. During 2025 HFLA issued 49 interest-free loans totaling 218,250 including 16 student loans totaling 92,500 and 33 general loans totaling 125,750. Outstanding loan receivables at year-end totaled 815,993 reflecting the largest revolving loan portfolio in HFLAs history.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 65
  • Accountability: 84
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 33.2%; rating input score 33
  • Program expense ratio: 63.4%; rating input score 63
  • Fundraising efficiency: $9.31 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 20th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 47.9%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 4.36; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 27.6%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 52.1% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 19.8% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 18.8% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 33.2% of revenue deployed · 63.4% of spending went to programs
  • Governance: 14 of 14 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $161K in reported program spending
  • Leadership: top reported pay $53K · 19 people listed
  • Consistency: 44 of 45 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.