BERSON FAMILY SUPPORTING FOUNDATION INC

EIN: 222872256 501(c)(3)

WHIPPANY, NJ

Total Revenue
$217,081
Total Expenses
$493,480
Total Assets
$1,575,637
Net Assets
$1,575,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NJ
Principal Officer
Randi Berson
Phone
9739293094
Tax Period
2024-07-01 to 2025-06-30

BERSON FAMILY SUPPORTING FOUNDATION INC, founded in 1987, is a small nonprofit that reported $217K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $493K exceeded revenue, resulting in a 127% operating deficit.

Mission

THE ORGANIZATION IS A SUPPORTING Organization WHICH MAKES GRANTS TO CARRY OUT THE PURPOSES OF THE Jewish COMMUNITY FOUNDATION OF GREATER METROWEST NJ, INC.

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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 $217,081
Other Revenue $0
TOTAL REVENUE $217,081

Expense Breakdown

Grants Paid $480,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $480,000
Other Expenses $13,480
TOTAL EXPENSES $493,480

Year-over-Year Comparison

2024 2023 Change
Revenue $217,081 $2,061,633 -0.9%
Expenses $493,480 $410,793 +0.2%
Net Income $-276,399 $1,650,840 -1.2%
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
N/A
Volunteers
7

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Randi BERSON PRESIDENT/TRUSTEE 1.0
Officer Director
$0 $0 $0
KERRI BERSON LEVINE Vice president/TRUSTEE 1.0
Officer Director
$0 $0 $0
LORA B HERSH TREASURER/TRUSTEE 1.0
Officer Director
$0 $0 $0
BRUCE E GOLDMAN TRUSTEE 1.0
Director
$0 $0 $0
STEVE H KLINGHOFFER TRUSTEE 1.0
Director
$0 $0 $0
MURRAY KUSHNER TRUSTEE 1.0
Director
$0 $0 $0
Maxine B Murnick trustee 1.0
Director
$0 $0 $0
Shawn Laing CFO - effective 2025 1.0
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
2025 $217,081 $493,480 $1,575,637 $-276,399
2024 No data No data No data No data
2023 $171,775 $264,953 $14,820 $-93,178
2022 $35,725 $583,703 $103,099 $-547,978
2021 $283,472 $217,102 $711,444 $66,370
2020 $15,328 $245,013 $558,030 $-229,685
2019 $224,724 $518,999 $794,064 $-294,275
2018 $214,959 $467,323 $1,124,889 $-252,364
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