JEWISH FEDERATION FOUNDATION OF GR… - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

HARRIS CHORNEY

Phone

4012744564

Tax Period

2024-07-01 to 2025-06-30

JEWISH FEDERATION FOUNDATION OF GREATER RHODE ISLAND, founded in 1945, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.5M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.4M, a strong 51% operating margin.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AS A SECTION 509(A)(3) SUPPORTING ORGANIZATION OF THE RHODE ISLAND COMMUNITY FOUNDATION. THE FOUNDATION SUPPORTS CHARITABLE ORGANIZATIONS AND ACTIVITIES INCLUDING, BUT NOT LIMITED TO, THE JEWISH ALLIANCE OF GREATER RHODE ISLAND, AND THOSE ACTIVITIES THAT ENHANCE THE QUALITY OF LIFE IN THE GREATER RHODE ISLAND COMMUNITY AND WORLDWIDE THROUGH EDUCATIONAL, CHARITABLE, SOCIAL SERVICE, CULTURAL, RELIGIOUS AND RECREATIONAL ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $4,966,335

PROMOTE GENERAL JEWISH WELFARE THROUGH THE SUPPORT OF CHARITABLE, CULTURAL AND RELIGIOUS ORGANIZATIONS AND ASSIST IN COMMUNAL ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,307,005

Program Service Revenue $0

Investment Income $8,155,764

Other Revenue $463

TOTAL REVENUE $12,463,232

Expense Breakdown

Grants Paid $4,966,335

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,966,335

Other Expenses $1,103,264

TOTAL EXPENSES $6,069,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,463,232	$18,512,076	-0.3%
Expenses	$6,069,599	$6,452,209	-0.1%
Net Income	$6,393,633	$12,059,867	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PIOUS	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT SHERWIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHERYL GREENFELD TEVEROW	SECRETARY	1.00	Officer Director	$0	$0	$0
MARILYN KAPLAN	TREASURER	1.00	Officer Director	$0	$0	$0
MITZI BERKELHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY DORFMAN	DIRECTOR (AS OF 7/1/24)	1.00	Director	$0	$0	$0
ROBIN ENGLE	DIRECTOR	1.00	Director	$0	$0	$0
MARK FEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
SHARON GAINES	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LEACH DEBLASIO	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LICHT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL NULMAN	DIRECTOR	1.00	Director	$0	$0	$0
RALPH POSNER	DIRECTOR	1.00	Director	$0	$0	$0
JAY ROSENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
SALLY ROTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHLOSS	DIRECTOR	1.00	Director	$0	$0	$0
HERBERT STERN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT STOLZMAN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GREENMAN	PRESIDENT/CEO (EX-OFFICIO)	1.00	Officer	$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
2025	$12,463,232	$6,069,599	$108,963,491	$6,393,633
2024	$18,512,076	$6,452,209	$99,486,883	$12,059,867
2023	$3,663,886	$4,143,002	$80,823,020	$-479,116
2022	$16,990,336	$5,082,113	$77,112,480	$11,908,223
2021	$5,968,783	$3,945,858	$74,258,563	$2,022,925
2020	$4,500,633	$4,104,179	$55,643,209	$396,454
2018	$2,850,951	$3,976,842	$60,092,887	$-1,125,891

JEWISH FEDERATION FOUNDATION OF GREATER RHODE ISLAND