RAYMOND & GERTRUDE R SALTZMAN FOUNDATION

EIN: 222199368 501(c)(3) Philanthropy & Grantmaking

CHERRY HILL, NJ

Total Revenue
$6,473,249
Total Expenses
$3,974,772
Total Assets
$113,709,545
Net Assets
$112,463,443
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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
1978
Legal Domicile
NJ
Principal Officer
ARTHUR ABRAMOWITZ
Phone
8564246226
Tax Period
2024-01-01 to 2024-12-31

RAYMOND & GERTRUDE R SALTZMAN FOUNDATION, founded in 1978, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 39% operating margin.

Mission

THE FOUNDATION PROVIDES CHARITABLE GRANTS IN ACCORDANCE WITH ITS MISSION AND GUIDELINES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $6,473,249
Other Revenue $0
TOTAL REVENUE $6,473,249

Expense Breakdown

Grants Paid $3,464,858
Salaries & Benefits $226,802
Fundraising Expenses $0
Program Expenses $3,701,751
Other Expenses $283,112
TOTAL EXPENSES $3,974,772

Year-over-Year Comparison

2024 2023 Change
Revenue $6,473,249 $2,782,986 +1.3%
Expenses $3,974,772 $4,629,318 -0.1%
Net Income $2,498,477 $-1,846,332 -2.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
11

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
6
$159,428
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR ABRAMOWITZ PRESIDENT 7.00
Officer Director
$0 $0 $0
HARVEY SHAPIRO TREASURER 7.00
Officer Director
$0 $0 $0
JEFF GOTTLIEB TRUSTEE 2.00
Director
$0 $0 $0
ANDI LEVIN TRUSTEE 2.00
Director
$0 $0 $0
BETTY ADLER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GLENN FUHRMAN TRUSTEE 7.00
Director
$0 $0 $0
DAVID BUTLER TRUSTEE 2.00
Director
$0 $0 $0
RICHARD GOLDSTEIN VICE PRESIDENT 2.00
Officer
$0 $0 $0
VICKI ZELL SECRETARY AND EXEC. DIR. 27.00
Officer
$155,000 $4,428 $159,428
ROBERT SCHWARTZ VICE PRESIDENT 2.00
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
2024 $6,473,249 $3,974,772 $113,709,545 $2,498,477
2023 $2,782,986 $4,629,318 $106,235,039 $-1,846,332
2022 $3,580,029 $3,310,831 $95,963,009 $269,198
2021 $5,961,715 $3,026,630 $110,514,769 $2,935,085
2020 $5,186,749 $3,162,129 $97,747,197 $2,024,620
2019 $3,261,069 $3,329,702 $91,920,849 $-68,633
2018 $2,999,158 $2,925,971 $80,213,396 $73,187
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