JEWISH FEDERATION OF READING PA INC

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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

1933

Legal Domicile

Principal Officer

SHEILA BORNSTEIN

Phone

6109210624

Tax Period

2024-01-01 to 2024-12-31

JEWISH FEDERATION OF READING PA INC, founded in 1933, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $259K, a strong 17% operating margin.

Mission

TO CULTIVATE A VIBRANT, HEALTHY JEWISH COMMUNITY, INSPIRE GREATER JEWISH IDENTITY, AND PROMOTE DEEPER UNDERSTANDING AND STRONGER CONNECTIONS BETWEEN JEWS AND NON-JEWS IN READING/BERKS COUNTY.

Program Service Accomplishments

Program 1

Expenses: $294,710

COMMUNITY RELATIONS, LEADERSHIP DEVELOPMENT COMMITTEE, JEWISH FAMILY SERVICE AND SPECIFIC ASSISTANCE PROGRAMS INCLUDING: GRATZ HEBREW HIGH SCHOOL OF READING (A CHAPTER PROGRAM OFFERED TO ANY JEWISH CHILD IN THE AREA), PJ LIBRARY (PROVIDES JEWISH THEMED BOOKS TO CHILDREN 6 MONTHS THROUGH 8 YEARS; SERVED AT LEAST 60 HOUSEHOLDS) AND SERVING THE FOOD PANTRY (SERVES HUNDREDS OF JEWISH FAMILIES EACH MONTH; INCLUDES AN EMERGENCY FOOD PANTRY).

Program 2

Expenses: $606,040 Revenue: $23,269

OTHER PROGRAMS- INCLUDING BUT NOT LIMITED TO COMMUNITY PARTNERSHIPS WITH AREA COLLEGES AND UNIVERSITIES AND THE SHARED INITIATIVE WITH THE HOLOCAUST LIBRARY RESOURCE CENTER AT ALBRIGHT COLLEGE.

Program 3

Expenses: $137,158 Revenue: $96,074

THE LAKIN PRESCHOOL PROVIDES PRESCHOOL AND EDUCATIONAL PROGRAMMING FOR TODDLERS AGE 2 TO CHILDREN IN PRE-K PLUS UP TO AGE 6.

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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 $769,274

Program Service Revenue $119,343

Investment Income $128,806

Other Revenue $501,081

TOTAL REVENUE $1,518,504

Expense Breakdown

Grants Paid $179,510

Salaries & Benefits $586,548

Fundraising Expenses $80,288

Program Expenses $1,037,908

Other Expenses $493,276

TOTAL EXPENSES $1,259,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,518,504	$1,543,459	0.0%
Expenses	$1,259,334	$1,438,217	-0.1%
Net Income	$259,170	$105,242	+1.5%

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

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

$142,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA BORNSTEIN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JENNIFER KOOSED	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUE WILSON	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL SCHWARTZ	TREASURER	1.00	Officer Director	$0	$0	$0
DEBBIE GOLDBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
JONATHAN AVINS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR IRV EHRLICH	DIRECTOR	1.00	Director	$0	$0	$0
JACOB GURWITZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KARCHEVSKY	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA MONTANINO	DIRECTOR THROUGH DECEMBER	1.00	Director	$0	$0	$0
MICHELE LEISAWITZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SPILLERMAN	DIRECTOR	1.00	Director	$0	$0	$0
LEAH ROTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
RABBI YOSEF LIPSKER	DIRECTOR	1.00	Director	$0	$0	$0
CANTOR TED PROSNITZ	DIRECTOR	1.00	Director	$0	$0	$0
RABBI BRIAN MICHELSON	DIRECTOR	1.00	Director	$0	$0	$0
HAIA MAZUZ	PAST CHAIR	1.00	Director	$0	$0	$0
SUE FARRARA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CHARTOCK	PRESIDENT/CEO	40.00	Officer	$142,500	$0	$142,500

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	$1,518,504	$1,259,334	$1,671,654	$259,170
2023	$1,543,459	$1,438,217	$1,445,409	$105,242
2022	$497,883	$1,381,108	$11,653,079	$-883,225
2021	$1,256,586	$1,235,651	$14,726,655	$20,935
2020	$2,141,587	$1,192,626	$13,397,362	$948,961
2019	$711,945	$1,136,518	$12,277,699	$-424,573
2018	$1,210,511	$1,042,332	$10,699,309	$168,179