FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY (EIN 311501858) - 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

1998

Legal Domicile

Principal Officer

ALYSSA FEDERICO

Phone

7049734500

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY, founded in 1998, is a mid-sized nonprofit in the Religion sector that reported $11.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $225.5M represent 231 months of operating reserves.

Mission

THE ADMINISTRATION AND MAINTENANCE OF EXISTING ENDOWMENTS TO SUPPORT THE FUTURE OF CHARLOTTE'S JEWISH COMMUNITY AND ASSISTANCE IN THE DEVELOPMENT OF NEW ENDOWMENT OPPORTUNITIES.

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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 $9,042,860

Program Service Revenue $878,362

Investment Income $1,806,694

Other Revenue $0

TOTAL REVENUE $11,727,916

Expense Breakdown

Grants Paid $9,344,748

Salaries & Benefits $0

Fundraising Expenses $85,674

Program Expenses $10,323,980

Other Expenses $2,191,165

TOTAL EXPENSES $11,535,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,727,916	$12,716,939	-0.1%
Expenses	$11,535,913	$10,473,916	+0.1%
Net Income	$192,003	$2,243,023	-0.9%

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

$579,851

Total Directors

$305,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS W BENSON	SENIOR VP, GENERAL COUNSEL	0.30	Officer Director	$0	$46,961	$305,316
IRS SLOMKA	CHAIR	0.30	Officer Director	$0	$0	$0
PHILIP STARK	VICE CHAIR	0.30	Officer Director	$0	$0	$0
DAVID CANTOR	TREASURER	0.30	Officer Director	$0	$0	$0
ELISE KOSOFSKY	SECRETARY	0.30	Officer Director	$0	$0	$0
STEPHEN PHILIPSON	IMMEDIATE PAST CHAIR	0.30	Officer Director	$0	$0	$0
TERESA BRENNER	DIRECTOR	0.30	Director	$0	$0	$0
FRED DUMAS	DIRECTOR	0.30	Director	$0	$0	$0
SHARYN HANDELSMAN	DIRECTOR	0.30	Director	$0	$0	$0
JONATHAN HOWARD	DIRECTOR	0.30	Director	$0	$0	$0
BRIAN KAHN	DIRECTOR	0.30	Director	$0	$0	$0
MARK LERNER	DIRECTOR	0.30	Director	$0	$0	$0
KEVIN LEVINE	DIRECTOR	0.30	Director	$0	$0	$0
ANNIE LORD	DIRECTOR	0.30	Director	$0	$0	$0
JON MASSACHI	DIRECTOR	0.30	Director	$0	$0	$0
WENDY PAKE	DIRECTOR	0.30	Director	$0	$0	$0
HARRY SPARKS	DIRECTOR	0.30	Director	$0	$0	$0
GARY STARR	DIRECTOR	0.30	Director	$0	$0	$0
ALYSSA FEDERICO	CFO	0.30	Officer	$0	$45,920	$274,535

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	$11,727,916	$11,535,913	$228,590,465	$192,003
2023	$12,716,939	$10,473,916	$206,962,336	$2,243,023
2022	$11,018,110	$12,434,567	$179,664,537	$-1,416,457
2021	$25,663,220	$10,717,011	$211,438,737	$14,946,209
2020	$15,856,553	$15,657,672	$177,299,338	$198,881
2019	$10,248,600	$12,706,150	$159,399,995	$-2,457,550

FOUNDATION FOR THE CHARLOTTE JEWISH COMMUNITY