THE JUDITH AND MICHAEL BERMAN FOUNDATION (EIN 260181739) - 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

2007

Legal Domicile

Principal Officer

MICHAEL BERMAN

Phone

9525932600

Tax Period

2023-01-01 to 2023-12-31

THE JUDITH AND MICHAEL BERMAN FOUNDATION, founded in 2007, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $11K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $46K exceeded revenue, resulting in a 327% operating deficit.

Mission

TO CARRY OUT THE PURPOSES OF MINNEAPOLIS JEWISH FEDERATION.

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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 $0

Program Service Revenue $0

Investment Income $10,747

Other Revenue $0

TOTAL REVENUE $10,747

Expense Breakdown

Grants Paid $43,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,000

Other Expenses $2,892

TOTAL EXPENSES $45,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,747	$93,292	-0.9%
Expenses	$45,892	$71,778	-0.4%
Net Income	$-35,145	$21,514	-2.6%

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

$405,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES A COHEN	DIRECTOR	1.00	Director	$0	$38,377	$405,547
MICHAEL BERMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDITH BERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE LEAR	SECRETARY	1.00	Officer Director	$0	$0	$0
IRIS TZAFRIR	DIRECTOR	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	No data	No data	No data	No data
2023	$10,747	$45,892	$303,894	$-35,145
2022	$93,292	$71,778	$314,428	$21,514
2021	$19,386	$60,486	$423,607	$-41,100
2020	$8,370	$58,279	$421,737	$-49,909
2019	$11,680	$65,692	$445,240	$-54,012
2018	$22,882	$62,932	$485,777	$-40,050

THE JUDITH AND MICHAEL BERMAN FOUNDATION