FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA (EIN 233087655) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

ELLIOT HOLTZ

Phone

2158320807

Tax Period

2023-09-01 to 2024-08-31

FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $16.5M in total revenue in fiscal year 2023. Expenses of $18.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA (THE FOUNDATION), CREATED BY THE JEWISH FEDERATION OF GREATER PHILADELPHIA IN PARTNERSHIP WITH THE REGIONAL JEWISH DAY SCHOOLS, IS AN IRS-RECOGNIZED 501(C)(3) NON-PROFIT ORGANIZATION, WHOSE MISSION IS TO PROVIDE NEEDS-BASED SCHOOL SCHOLARSHIPS, WITH AN EXPANDED OPPORTUNITY TO SUPPORT ENHANCED CURRICULUM CONTENT TO STATE-APPROVED PROGRAMS PROVIDED TO PUBLIC SCHOOL 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 (2023)

Revenue Breakdown

Contributions & Grants $15,689,775

Program Service Revenue $0

Investment Income $851,452

Other Revenue $0

TOTAL REVENUE $16,541,227

Expense Breakdown

Grants Paid $17,514,960

Salaries & Benefits $0

Fundraising Expenses $668,128

Program Expenses $17,514,960

Other Expenses $1,136,890

TOTAL EXPENSES $18,651,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,541,227	$16,684,787	0.0%
Expenses	$18,651,850	$13,843,727	+0.3%
Net Income	$-2,110,623	$2,841,060	-1.7%

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

$160,580

Total Directors

$160,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLIOT HOLTZ	CHAIRMAN	8.00	Officer Director	$0	$0	$0
SCOTT BARSKY	MEMBER	1.00	Director	$0	$0	$0
JOE GLASSMAN	MEMBER	1.00	Director	$0	$0	$0
AMIR GOLDMAN	MEMBER	1.00	Director	$0	$0	$0
JENNIFER MOLISH BRIER	MEMBER	1.00	Officer Director	$0	$0	$160,580
HOWARD HERZBERG	MEMBER	1.00	Director	$0	$0	$0
YONINA BENDHEIM JACOBSON	MEMBER	1.00	Director	$0	$0	$0
YEDIDYA KAGANOFF	MEMBER	1.00	Director	$0	$0	$0
DAVID KAPLAN	MEMBER	1.00	Director	$0	$0	$0
ROBERT LIPSTEIN	MEMBER	1.00	Director	$0	$0	$0
ADAM POUTASSE	MEMBER	1.00	Director	$0	$0	$0
DAVID RENTZ	MEMBER	1.00	Director	$0	$0	$0
JEFF RETIG	MEMBER	1.00	Director	$0	$0	$0
SHLOMO TROODLER	MEMBER	1.00	Director	$0	$0	$0
MICHAEL WILNER	MEMBER	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
2024	$16,541,227	$18,651,850	$9,316,235	$-2,110,623
2023	$16,684,787	$13,843,727	$11,640,572	$2,841,060
2022	$16,729,528	$13,879,948	$8,630,485	$2,849,580
2021	$11,978,701	$11,649,661	$5,671,351	$329,040
2020	$11,503,174	$11,917,138	$4,950,607	$-413,964
2019	$10,853,654	$13,048,690	$5,364,271	$-2,195,036
2018	$13,643,207	$9,488,096	$7,559,207	$4,155,111

FOUNDATION FOR JEWISH DAY SCHOOLS OF GREATER PHILADELPHIA