THE JEWISH WEEK INC C/O CERINI & A… - 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

1983

Legal Domicile

Principal Officer

MICHAEL H LAUFER

Phone

2129217822

Tax Period

2020-01-01 to 2020-12-31

THE JEWISH WEEK INC C/O CERINI & ASSOCIATES, founded in 1983, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2020. Revenue surged 187% from the prior year, signaling strong growth momentum. Expenses of $4.8M exceeded revenue, resulting in a 63% operating deficit.

Mission

THE NATURE OF THE ACTIVITIES AND PURPOSES OF THIS CORPORATION ARE TO BE LIMITED TO ACTIVITIES AS SET FORTH WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. IN FURTHERANCE OF THE ACTIVITIES SET FORTH, THE CORPORATION OPERATES AND CONDUCTS A NEWSPAPER, "THE JEWISH WEEK" AS A COMUNITY PUBLICATION SERVING THE INTERESTS OF THE JEWISH COMMUNITY WITHIN, BUT NOT LIMITED TO, THE GREATER NEW YORK AREA. THE CORPORATION GATHERS AND DISSEMINATES NEWS RELATING TO LOCAL, NATIONAL AND INTERNATIONAL EVENTS, PRINTS ARTICLES AND STORIES BY PROMINENT PERSONS IN THE FIELD OF PHILANTHROPY, EDUCATION, RELIGION, SCIENCE, RESEARCH AND DEVELOPMENT, HEALTH AND MEDICINE IN AN EFFORT TO EDUCATE, SUPPORT, PROMOTE AND INFORM ITS READERS.

Program Service Accomplishments

Program 1

Expenses: $2,868,462 Revenue: $2,434,904

THE CORPORATION PUBLISHES "THE JEWISH WEEK", AN INDEPENDENT COMMUNITY NEWSPAPER. THE NEWSPAPER IS RECOGNIZED WIDELY AS THE LARGEST AND MOST RESPECTED JEWISH NEWSPAPER IN AMERICA. THE JEWISH WEEK...

THE CORPORATION PUBLISHES "THE JEWISH WEEK", AN INDEPENDENT COMMUNITY NEWSPAPER. THE NEWSPAPER IS RECOGNIZED WIDELY AS THE LARGEST AND MOST RESPECTED JEWISH NEWSPAPER IN AMERICA. THE JEWISH WEEK REPORTS ON NEWS, TRENDS, FEATURES AND ANALYSIS FROM ISRAEL AS WELL AS THROUGHOUT THE NEW YORK METROPOLITAN AREA. THE JEWISH WEEK SEEKS TO BUILD AND STRENGTHEN THE JEWISH COMMUNITY WHILE CHAMPIONING AN AGRESSIVE AND INDEPENDENT PRESS; THE NEWSPAPER IS IN SUPPORT OF, BUT NOT LIMITED TO, THE JEWISH COMMUNITY.DURING THE YEAR-ENDED DECEMBER 31, 2020, THE CORPORATION CEASED OPERATIONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $316,950

Program Service Revenue $2,434,904

Investment Income $10

Other Revenue $177,650

TOTAL REVENUE $2,929,514

Expense Breakdown

Grants Paid $36,850

Salaries & Benefits $1,981,366

Fundraising Expenses $0

Program Expenses $2,868,462

Other Expenses $2,742,557

TOTAL EXPENSES $4,760,773

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,929,514	$1,019,474	+1.9%
Expenses	$4,760,773	$1,693,430	+1.8%
Net Income	$-1,831,259	$-673,956	+1.7%

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

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

$369,340

Total Directors

$266,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAI FALKENBERG	PRESIDENT	0.50	Officer Director	$0	$0	$0
PETER WANG	CO-CHAIR	0.50	Director	$0	$0	$0
BILLIE GOLD	HONORARY CHAIR	0.50	Director	$0	$0	$0
RICHARD HIRSCH	HONORARY CHAIR	0.50	Director	$0	$0	$0
JACOB DOFT	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL DORF	DIRECTOR	0.50	Director	$0	$0	$0
EDITH EVERETT	DIRECTOR	0.50	Director	$0	$0	$0
JEFF FEIG	SECRETARY	0.50	Officer Director	$0	$0	$0
MATTHEW HILTZIK	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL LAUFER	TREASURER	0.50	Officer Director	$0	$0	$0
GAIL PROPP	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SABLE	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY STERN	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD WALOFF	VICE PRESIDENT	35.00	Officer Director	$96,075	$0	$96,075
STUART HIMMELFARB	CO-CHAIR	0.50	Director	$0	$0	$0
ANDREW SILOW-CARROLL	VICE PRESIDENT	35.00	Officer Director	$170,000	$0	$170,000
DON WINTER	DIRECTOR	0.50	Director	$0	$0	$0
THEA WIESELTIER	DIRECTOR OF STRATEGIC PROJECTS	35.00	Officer	$103,265	$0	$103,265
GARY ROSENBLATT	FORMER VICE PRESIDENT	10.00		$63,438	$0	$63,438

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
2020	$2,929,514	$4,760,773	No data	$-1,831,259
2019	$1,019,474	$1,693,430	$1,241,053	$-673,956

THE JEWISH WEEK INC C/O CERINI & ASSOCIATES