JHS OF MICHIGAN HERITAGE 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

2005

Legal Domicile

Principal Officer

KEN BERNARD

Phone

2489150114

Tax Period

2024-01-01 to 2024-12-31

JHS OF MICHIGAN HERITAGE FOUNDATION, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $35K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $98K exceeded revenue, resulting in a 182% operating deficit.

Mission

THE TAXPAYER ACTS AS A SUPPORTING ORGANIZATION TO THE JEWISH HISTORICAL SOCIETY OF MICHIGAN ("JHS"), A 501 (C) (3) ORGANIZATION. INCOME FROM THE INVESTMENTS BY THE TAXPAYER IS AVAILABLE FOR DISTRIBUTION TO THE JHS.

Program Service Accomplishments

Program 1

Expenses: $97,822

DISTRIBUTIONS TO SUPPORT THE JEWISH HISTORICAL SOCIETY OF MICHIGAN

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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 $0

Program Service Revenue $0

Investment Income $34,667

Other Revenue $0

TOTAL REVENUE $34,667

Expense Breakdown

Grants Paid $94,540

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,822

Other Expenses $3,282

TOTAL EXPENSES $97,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,667	$32,052	+0.1%
Expenses	$97,822	$81,244	+0.2%
Net Income	$-63,155	$-49,192	+0.3%

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

N/A

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
KEN BERNARD	PRESIDENT	N/A	Officer Director	$0	$0	$0
ARNOLD COLLENS	DIRECTOR	N/A	Director	$0	$0	$0
ANN J CONRAD	INVESTMENT A	N/A	Director	$0	$0	$0
JAMES D GREY	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT D KAPLOW	TREASURER	N/A	Officer Director	$0	$0	$0
RISHA RING	DIRECTOR	N/A	Director	$0	$0	$0
ANN ROCK	SECRETARY	N/A	Officer Director	$0	$0	$0
JOEL UNGAR	VICE PRESIDE	N/A	Officer Director	$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
2024	$34,667	$97,822	$1,625,003	$-63,155
2023	$32,052	$81,244	$1,543,889	$-49,192
2022	$42,702	$81,330	$1,376,330	$-38,628
2021	$205,733	$49,665	$1,673,727	$156,068
2020	$115,066	$98,922	$1,517,659	$16,144
2019	$225,971	$142,555	$1,501,515	$83,416
2018	No data	$64,860	$1,418,099	No data