THE JEROME 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

2004

Legal Domicile

Principal Officer

ROBERT BALBICK

Phone

5853563419

Tax Period

2024-07-01 to 2025-06-30

THE JEROME FOUNDATION, founded in 2004, is a small nonprofit that reported $123K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 28% operating margin.

Mission

PROVIDE SUPPORT TO THE COMMUNITY THROUGH ASSISTING LOCAL HOSPITALS AND CATHOLIC SERVICES WITH NEEDED FUNDS.

Program Service Accomplishments

Program 1

Expenses: $30,000

THE FOUNDATION PROVIDED CASH TO ROCHESTER REGIONAL FOR CAPITAL IMPROVEMENTS

Program 2

Expenses: $19,000

THE FOUNDATION PROVIDES CASH TO ST. JOSEPH FOR GCASA COUNSELOR AND NURSE EDUCATOR EXPENSES.

Program 3

Expenses: $9,000

THE FOUNDATION PROVIDES CASH TO NOTRE DAME HIGH SCHOOL TO BE USED TOWARDS A SUBSTANCE ABUSE COUNSELOR FOR THE STUDENTS.

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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 $2,545

Investment Income $120,789

Other Revenue $0

TOTAL REVENUE $123,334

Expense Breakdown

Grants Paid $70,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,564

Other Expenses $18,857

TOTAL EXPENSES $89,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,334	$64,765	+0.9%
Expenses	$89,107	$85,210	+0.0%
Net Income	$34,227	$-20,445	-2.7%

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

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
ROBERT BALBICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
RONALD CHRZANOWSKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROSALIE MAGUIRE SIMON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN VOLPE	TREASURER	1.00	Officer Director	$0	$0	$0
MARYANN BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER CASEY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HARTRICK	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN KERSHENSKI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MAGEE	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MUNGILLO	DIRECTOR	1.00	Director	$0	$0	$0
LYNN HOUSEKNECHT	DIRECTOR	1.00	Director	$0	$0	$0
SISTER MARY FRANCHINE	TRUSTEE EMERITUS	1.00	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
2025	$123,334	$89,107	$1,292,317	$34,227
2024	$64,765	$85,210	$1,189,154	$-20,445
2023	$70,144	$89,405	$1,130,713	$-19,261
2022	$123,203	$117,026	$1,110,386	$6,177
2021	$75,755	$115,152	$1,363,222	$-39,397
2019	$89,055	$39,985	$1,310,377	$49,070