THE DETROIT JEWISH NEWS FOUNDATION INC (EIN 274383848) - 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

2011

Legal Domicile

Principal Officer

MARNI RAITT

Phone

2483546060

Tax Period

2023-01-01 to 2023-12-31

THE DETROIT JEWISH NEWS FOUNDATION INC, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO EDUCATE AND STRENGTHEN THE JEWISH COMMUNITY OF DETROIT AND SOUTHEAST MICHIGAN BY CAPTURING, TELLING, AND LEARNING FROM THIS COMMUNITY'S STORY THROUGH THE ONGOING CREATION, PRODUCTION, PRESERVATION, AND DISSEMINATION OF NEWS AND INFORMATION OF JOURNALISTIC INTEGRITY THAT EDUCATES AND CONNECTS THE COMMUNITY

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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 $171,909

Program Service Revenue $35,623

Investment Income $0

Other Revenue $1,291,871

TOTAL REVENUE $1,499,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,033,300

Fundraising Expenses $190,183

Program Expenses $1,270,416

Other Expenses $681,617

TOTAL EXPENSES $1,714,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,499,403	$1,518,703	0.0%
Expenses	$1,714,917	$1,712,014	+0.0%
Net Income	$-215,514	$-193,311	+0.1%

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

$112,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY TORGOW	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID KRAMER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
MAX BERLIN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBIN AXELROD	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY JACKIER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY SCHLUSSEL	DIRECTOR	1.00	Director	$0	$0	$0
MARK ZAUSMER	DIRECTOR	1.00	Director	$0	$0	$0
MARK DAVIDOFF	SENIOR ADVISOR	1.00	Officer	$112,500	$0	$112,500

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	No data	No data	No data	No data
2023	$1,499,403	$1,714,917	$656,170	$-215,514
2022	$1,518,703	$1,712,014	$898,335	$-193,311
2021	$1,523,999	$2,097,917	$926,264	$-573,918
2020	$1,251,769	$775,224	$1,458,958	$476,545
2019	$304,004	$230,230	$2,426,419	$73,774
2018	$257,960	$240,197	$2,083,692	$17,763

THE DETROIT JEWISH NEWS FOUNDATION INC