THE HAROLD GRINSPOON FOUNDATION (EIN 046685725) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

WINIFRED SANDLER

Phone

4137810712

Tax Period

2023-07-01 to 2024-06-30

THE HAROLD GRINSPOON FOUNDATION, founded in 1991, is a mid-sized nonprofit that reported $72.4M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $61.8M left a modest 15% surplus.

Mission

SUPPORT PRIMARILY JEWISH EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $23,425,573

Program Service Revenue $6,776,764

Investment Income $38,737,615

Other Revenue $3,474,334

TOTAL REVENUE $72,414,286

Expense Breakdown

Grants Paid $22,646,477

Salaries & Benefits $18,478,453

Fundraising Expenses $5,217,889

Program Expenses $51,720,370

Other Expenses $20,585,734

TOTAL EXPENSES $61,785,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,414,286	$42,626,445	+0.7%
Expenses	$61,785,664	$55,668,882	+0.1%
Net Income	$10,628,622	$-13,042,437	-1.8%

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

Governance

Voting Members

Independent Members

Employees

172

Volunteers

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

$1,208,041

Total Directors

Key Employees

$281,620

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WINIFRED SANDLER	TRUSTEE & PRESIDENT	40.00	Officer Director	$0	$0	$0
HAROLD GRINSPOON	TRUSTEE	10.00	Director	$0	$0	$0
JEREMY PAVA	TRUSTEE	4.00	Director	$0	$0	$0
DIANE TRODERMAN	TRUSTEE	4.00	Director	$0	$0	$0
RABBI TUVIA BRANDER	TRUSTEE THROUGH 8/31/23	4.00	Director	$0	$0	$0
JERRY SILVERMAN	TRUSTEE	4.00	Director	$0	$0	$0
DEBORAH HOCHBERG	TRUSTEE	4.00	Director	$0	$0	$0
LISA RACHLIN	TRUSTEE	4.00	Director	$0	$0	$0
RABBI ELIE KAUNFER	TRUSTEE	4.00	Director	$0	$0	$0
ADDIE GOODMAN	TRUSTEE	4.00	Director	$0	$0	$0
ADRIAN DION	CHIEF OPERATING OFFICER	39.00	Officer	$331,715	$16,854	$348,569
PATRICK GERYK	CHIEF FINANCIAL OFFICER	38.00	Officer	$205,521	$16,764	$222,285
RACHEL GOLDKLANG	CHIEF PHILANTHROPY OFFICER	40.00	Officer	$299,360	$16,036	$315,396
ERIC JORDAN	CHIEF INFORMATION OFFICER	40.00	Officer	$294,526	$27,265	$321,791
ALEXANDER ZABLOTSKY	EXECUTIVE DIRECTOR OF PJ LI	40.00	Key Emp	$250,231	$31,389	$281,620
SARAH EISINGER	DIRECTOR OF J CAMP180	40.00	Highest	$193,929	$37,955	$231,884
RACHEL KOZUPSKY	DIRECTOR, PJ INTERNATIONAL PROG.	40.00	Highest	$230,000	$12,198	$242,198
CABRIE KEARNS	CHIEF OF STAFF	40.00	Highest	$196,720	$14,061	$210,781
SIMON KLARFELD	DIR OF CONTENT PJ LIB THRU 12/29/23	40.00	Highest	$204,000	$3,890	$207,890
RONALD KRIT	DIR LIFE & LEGACY THRU 10/11/23	40.00	Highest	$197,528	$1,085	$198,613

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
2025	No data	No data	No data	No data
2024	$72,414,286	$61,785,664	$1,013,590,712	$10,628,622
2023	$42,626,445	$55,668,882	$939,490,212	$-13,042,437
2022	$197,225,136	$57,651,785	$892,999,094	$139,573,351
2021	$58,159,410	$60,940,735	$968,665,027	$-2,781,325
2020	$111,558,194	$51,766,346	$832,803,516	$59,791,848
2019	$140,045,460	$43,054,855	$732,046,374	$96,990,605
2018	$58,746,549	$38,576,311	$640,851,170	$20,170,238

THE HAROLD GRINSPOON FOUNDATION