The First Spoke Foundation (EIN 200894628) - 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

2004

Legal Domicile

Principal Officer

Rose Jagust

Phone

3123574790

Tax Period

2022-07-01 to 2023-06-30

The First Spoke Foundation, founded in 2004, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2022. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 40% operating deficit.

Mission

The Foundation is organized to foster, promote, support, develop, encourage and maintain the broad charitable, educational and/or religious purposes of, the Jewish Federation of Metropolitan Chicago and the Foundation as authorized in their by-laws.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,321,000

Program Service Revenue $0

Investment Income $51,693

Other Revenue $0

TOTAL REVENUE $2,372,693

Expense Breakdown

Grants Paid $3,304,997

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,304,997

Other Expenses $11,897

TOTAL EXPENSES $3,316,894

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,372,693	$4,480,404	-0.5%
Expenses	$3,316,894	$12,896,988	-0.7%
Net Income	$-944,201	$-8,416,584	-0.9%

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

$1,504,312

Total Directors

$509,143

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lonnie Nasatir	Treasurer	0.30	Officer Director	$0	$38,071	$509,143
Michael J Krasny	President	0.30	Officer Director	$0	$0	$0
Wendy Berger Shapiro	Secretary	0.30	Officer Director	$0	$0	$0
Boaz Blumovitz	Assistant Treasurer	0.30	Officer	$0	$30,241	$380,050
James A Pinkston	Assistant Treasurer	0.30	Officer	$0	$42,157	$343,199
Rose Jagust	Assistant Secretary	0.30	Officer	$0	$66,424	$271,920
Adam Levine	Vice President	0.30	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
2023	$2,372,693	$3,316,894	No data	$-944,201
2022	$4,480,404	$12,896,988	$7,771,209	$-8,416,584
2021	$552,668	$4,462,019	$10,124,413	$-3,909,351
2020	$816,273	$4,627,649	$12,394,193	$-3,811,376
2019	$729,091	$1,336,924	$16,161,369	$-607,833
2018	$1,582,960	$1,169,587	$16,234,241	$413,373

The First Spoke Foundation