THE IMMERMAN FOUNDATION

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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

1986

Legal Domicile

Principal Officer

KARI BLUMENTHAL

Phone

2165932900

Tax Period

2023-07-01 to 2024-06-30

THE IMMERMAN FOUNDATION, founded in 1986, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. Expenses of $590K exceeded revenue, resulting in a 90% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $568,371

GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $520

Program Service Revenue $0

Investment Income $310,759

Other Revenue $0

TOTAL REVENUE $311,279

Expense Breakdown

Grants Paid $568,371

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $568,371

Other Expenses $21,959

TOTAL EXPENSES $590,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,279	$307,824	+0.0%
Expenses	$590,330	$716,001	-0.2%
Net Income	$-279,051	$-408,177	-0.3%

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

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

$1,270,747

Total Directors

$584,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA RUDIN LURIA	TRUSTEE/VICE PRESIDENT	0.30	Officer Director	$0	$59,403	$584,231
MOZELLE JACKSON	TREASURER	0.20	Officer	$0	$59,064	$322,324
KARI BLUMENTHAL	ASST TREASURER	0.20	Officer	$0	$26,726	$178,611
HEDY MILGROM SEC'Y THRU	ASST SEC'Y AS OF 11/28/23	0.20	Officer	$0	$7,718	$105,405
TAL ROTHSTEIN	SECRETARY AS OF 11/28/23	0.20	Officer	$0	$6,538	$80,176
ROBERT A IMMERMAN	TRUSTEE/PRESIDENT	0.30	Officer Director	$0	$0	$0
THEODORE EINHORN	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	$311,279	$590,330	$7,221,640	$-279,051
2023	$307,824	$716,001	$6,918,386	$-408,177
2022	$560,848	$309,515	$6,840,727	$251,333
2021	$303,102	$384,160	$7,978,917	$-81,058
2020	$159,905	$301,951	$6,271,192	$-142,046
2019	$153,775	$322,427	$6,607,413	$-168,652
2018	$105,262	$233,558	$6,745,887	$-128,296