GMILUTH CHASODIM (THE HEBREW FREE LOAN ASSOCIATION) (EIN 340281800) - 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

1904

Legal Domicile

Principal Officer

JONATHAN BROWN

Phone

2163789042

Tax Period

2024-01-01 to 2024-12-31

GMILUTH CHASODIM (THE HEBREW FREE LOAN ASSOCIATION), founded in 1904, is a small nonprofit in the Public & Societal Benefit sector that reported $537K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $767K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE INTEREST-FREE LOANS TO ADDRESS THE FINANCIAL CHALLENGES OF RESIDENTS OF NORTHEAST OHIO WHO LACK ACCESS TO TRADITIONAL LENDING SOURCES.

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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 $474,549

Program Service Revenue $0

Investment Income $43,811

Other Revenue $18,282

TOTAL REVENUE $536,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,886

Fundraising Expenses $0

Program Expenses $465,985

Other Expenses $443,100

TOTAL EXPENSES $766,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$536,642	$622,210	-0.1%
Expenses	$766,986	$553,186	+0.4%
Net Income	$-230,344	$69,024	-4.3%

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

N/A

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE MILLER	EXECUTIVE DI	40.00	Officer	$90,000	$0	$90,000
JONATHAN BROWN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KERRI COLWELL	VP DEVELPMEN	1.00	Director	$0	$0	$0
MELISSA DEGENNARO	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET EIGSTI	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE FALLICK	DIRECTOR	1.00	Director	$0	$0	$0
EMMANUEL HILTON	DIRECTOR	1.00	Director	$0	$0	$0
NINA HOLZER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KASTON	PAST PRESIDE	1.00	Director	$0	$0	$0
RICHARDO LEON	VP LOAN POLI	1.00	Director	$0	$0	$0
IRWIN LOWENSTEIN	VP DEVELOPME	1.00	Director	$0	$0	$0
MICHAEL PAULL	TREASURER	1.00	Officer Director	$0	$0	$0
JASON POWERS	VP GOVERNANC	1.00	Director	$0	$0	$0
MARQUETTES ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ROSENFELT	VP IT	1.00	Director	$0	$0	$0
DARA WEINERMAN STEINBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL WILLEN	VP GOVERNANC	1.00	Director	$0	$0	$0
ERIC ZELL	DIRECTOR	1.00	Director	$0	$0	$0
NAN ZIELENIEC	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	$536,642	$766,986	$3,152,920	$-230,344
2023	$622,210	$553,186	$3,218,630	$69,024
2022	$453,429	$556,697	$3,038,060	$-103,268
2021	$879,917	$518,072	$3,298,994	$361,845
2020	$1,264,465	$580,944	$2,862,936	$683,521
2018	$725,107	$396,850	$1,633,513	$328,257

GMILUTH CHASODIM (THE HEBREW FREE LOAN ASSOCIATION)