NINA & NORMAN WAIN FAMILY FOUNDATION

EIN: 311502119 501(c)(3) Philanthropy & Grantmaking

CLEVELAND, OH

Total Revenue
$97,511
Total Expenses
$150,390
Total Assets
$2,533,983
Net Assets
$2,436,787
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
OH
Principal Officer
MOZELLE JACKSON
Phone
2165932900
Tax Period
2022-07-01 to 2023-06-30

NINA & NORMAN WAIN FAMILY FOUNDATION, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $98K in total revenue in fiscal year 2022. Revenue surged 190% from the prior year, signaling strong growth momentum. Expenses of $150K exceeded revenue, resulting in a 54% operating deficit.

Mission

FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $97,511
Other Revenue $0
TOTAL REVENUE $97,511

Expense Breakdown

Grants Paid $141,196
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,196
Other Expenses $9,194
TOTAL EXPENSES $150,390

Year-over-Year Comparison

2022 2021 Change
Revenue $97,511 $33,575 +1.9%
Expenses $150,390 $160,430 -0.1%
Net Income $-52,879 $-126,855 -0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
6

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
9
$938,072
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY REIS TREASURER THRU 1/10/23 0.20
Officer
$0 $40,331 $310,108
MOZELLE JACKSON TREASURER AS OF 1/10/23 0.20
Officer
$0 $23,290 $255,134
KARI BLUMENTHAL ASST TREASURER 0.20
Officer
$0 $24,732 $166,588
JENNIFER SCHWARZ SECRETARY/ASST 0.20
Officer
$0 $5,402 $106,356
HEDY MILGROM SECRETARY 0.20
Officer
$0 $7,466 $99,886
BETH WAIN BRANDON TRUSTEE & PRES AS OF 1/10/23 0.30
Officer Director
$0 $0 $0
AMY WAIN PRESIDENT THRU 1/10/23 0.20
Officer
$0 $0 $0
CATHY STAMLER VP AS OF 1/10/23 0.20
Officer
$0 $0 $0
DAVID WAIN VP THRU 1/10/23 0.20
Officer
$0 $0 $0
SHELLEY GIMBEL TRUSTEE 0.10
Director
$0 $0 $0
DAVID GOLDBERG TRUSTEE 0.10
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $97,511 $150,390 $2,533,983 $-52,879
2022 $33,575 $160,430 $2,444,565 $-126,855
2021 $1,223,297 $27,694 $2,910,440 $1,195,603
2020 $88,062 $175,903 $1,469,429 $-87,841
2019 $27,668 $172,378 $1,677,951 $-144,710
2018 $108,430 $174,992 $1,818,942 $-66,562
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