CHELSEA JEWISH CHARITABLE FOUNDATION INC (EIN 261244471) - 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

ADAM BERMAN

Phone

9784715100

Tax Period

2023-01-01 to 2023-12-31

CHELSEA JEWISH CHARITABLE FOUNDATION INC, founded in 2007, is a small nonprofit in the Health Care sector that reported $301K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $638K exceeded revenue, resulting in a 112% operating deficit.

Mission

THE ORGANIZATION PROVIDES FUNDRAISING AND SUPPORT SERVICES TO RELATED ORGANIZATIONS WITHIN CHELSEA JEWISH LIFECARE, INC. GROUP.

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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 $734,448

Program Service Revenue $0

Investment Income $-398,973

Other Revenue $-34,551

TOTAL REVENUE $300,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $575,831

Fundraising Expenses $259,987

Program Expenses $132

Other Expenses $62,364

TOTAL EXPENSES $638,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,924	$609,885	-0.5%
Expenses	$638,195	$1,008,735	-0.4%
Net Income	$-337,271	$-398,850	-0.2%

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

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

$2,268,705

Total Directors

$2,038,964

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY BERMAN	CEO EMERITUS/TREASURER	1.00	Officer Director	$0	$10,548	$903,917
ADAM BERMAN	PRESIDENT AND CEO	1.00	Officer Director	$0	$21,326	$750,987
ELIZABETH MULLEN	COO AND CLERK	1.00	Officer Director	$0	$8,407	$301,271
GILDA RICHMAN	CHAIR	1.00	Officer Director	$0	$107	$82,789
JUDY WEISS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SANTERRE	CFO	1.00	Officer	$0	$20,813	$229,741
RONILO ANGLO	CHIEF CLINICAL OFFICER	1.00	Highest	$0	$20,890	$276,528
KAREN PETRUCCELLI	VP OF CLINICAL QUALITY IMP	1.00	Highest	$0	$7,906	$216,037
THERESA HALLIDAY-BURRI	CHIEF BUSINESS DEVELOPEMENT	1.00	Highest	$0	$7,219	$202,340
KATHERINE SANTOS	VP OF STRATEGY & OPERATION	1.00	Highest	$0	$0	$197,110
MARIA CHAMPA	CHIEF HUMAN RESOURCE OFFICER	1.00	Highest	$0	$20,387	$224,709

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	$300,924	$638,195	$8,053,144	$-337,271
2022	$609,885	$1,008,735	$5,734,429	$-398,850
2021	$697,425	$296,746	$6,483,679	$400,679
2020	$491,443	$190,109	$13,075,858	$301,334
2019	$909,359	$193,775	$5,642,410	$715,584
2018	$630,183	$235,169	$11,900,193	$395,014

CHELSEA JEWISH CHARITABLE FOUNDATION INC