THE HAROLD GRINSPOON FOUNDATION

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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

INSPIRED BY THE DEEP MEANING AND JOY OFFERED BY JEWISH LIVING, THE HAROLD GRINSPOON FOUNDATION HELPS PEOPLE CONNECT TO JEWISH VALUES, FAITH, TRADITIONS, AND CULTURE AND BUILD VIBRANT JEWISH COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $31,022,696 Revenue: $6,745,864

THE PJ LIBRARY (PJ FOR PAJAMAS), IN PARTNERSHIP WITH LOCAL COMMUNITIES PROVIDES FAMILIES WITH HIGH-QUALITY CHILDREN'S BOOKS, MUSIC, AND OTHER RESOURCES THAT FOSTER JEWISH LEARNING AND CREATE A...

THE PJ LIBRARY (PJ FOR PAJAMAS), IN PARTNERSHIP WITH LOCAL COMMUNITIES PROVIDES FAMILIES WITH HIGH-QUALITY CHILDREN'S BOOKS, MUSIC, AND OTHER RESOURCES THAT FOSTER JEWISH LEARNING AND CREATE A GATEWAY FOR DEEPER ENGAGEMENT IN JEWISH LIFE. IN FYE 6/30/24, PJ LIBRARY SERVED OVER 170,000 FAMILIES, AWARDED OVER 300 GRANTS TO PARTNERING ORGANIZATIONS AND PROVIDED OVER 1,100 CAMP GRANTS TO CHILDREN OF PJ LIBRARY FAMILIES TO ATTEND JEWISH SUMMER CAMP.

Program 2

Expenses: $11,281,591 Revenue: $2,037

THE JCAMP180 PROVIDED MENTORING SERVICES AND CHALLENGE GRANTS TO OVER 100 NONPROFIT JEWISH OVERNIGHT CAMPS AND OTHER ORGANIZATIONS. JCAMP180 FOCUSES ON STRATEGIC PLANNING, LEADERSHIP DEVELOPMENT...

THE JCAMP180 PROVIDED MENTORING SERVICES AND CHALLENGE GRANTS TO OVER 100 NONPROFIT JEWISH OVERNIGHT CAMPS AND OTHER ORGANIZATIONS. JCAMP180 FOCUSES ON STRATEGIC PLANNING, LEADERSHIP DEVELOPMENT, FUNDRAISING, AND OVERALL CAPACITY BUILDING.

Program 3

Expenses: $2,870,205 Revenue: $25,000

LIFE & LEGACY ASSISTED OVER 40 COMMUNITIES THROUGH PARTNERSHIPS WITH JEWISH FEDERATIONS AND FOUNDATIONS, TO PROMOTE AFTER-LIFETIME GIVING TO BUILD ENDOWMENTS THAT WILL PROVIDE FINANCIAL STABILITY TO JEWISH DAY SCHOOLS, SYNAGOGUES, SOCIAL SERVICE ORGANIZATIONS, AND OTHER JEWISH ENTITIES. THROUGH TRAINING, SUPPORT AND MONETARY INCENTIVES, THIS PARTNERSHIP PROGRAM MOTIVATES JEWISH ORGANIZATIONS TO SECURE LEGACY GIFTS, STEWARD DONORS, AND INTEGRATE LEGACY GIVING INTO THE PHILANTHROPIC CULTURE OF THE JEWISH COMMUNITY.

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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