THE SEMI J & RUTH W BEGUN FOUNDATI… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

MOZELLE JACKSON

Phone

2165932900

Tax Period

2023-01-01 to 2023-12-31

THE SEMI J & RUTH W BEGUN FOUNDATION, founded in 2000, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 199% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $4,484,227

GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL & 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 $0

Program Service Revenue $0

Investment Income $1,543,255

Other Revenue $4,194

TOTAL REVENUE $1,547,449

Expense Breakdown

Grants Paid $4,480,118

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,484,227

Other Expenses $149,420

TOTAL EXPENSES $4,629,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,547,449	$4,020,354	-0.6%
Expenses	$4,629,538	$764,672	+5.1%
Net Income	$-3,082,089	$3,255,682	-1.9%

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

$971,041

Total Directors

$584,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA RUDIN-LURIA	TRUSTEE	0.10	Director	$0	$59,403	$584,231
MOZELLE JACKSON	TREASURER AS OF 1/23/2023	0.20	Officer	$0	$59,064	$322,324
KARI BLUMENTHAL	ASSISTANT TREASURER	0.20	Officer	$0	$26,726	$178,611
JENNIFER SCHWARZ SEC'Y AS OF	ASST. SEC'Y THRU 11/8/2023	0.20	Officer	$0	$31,953	$142,574
BARRY REIS TREAS THRU	ASST. TREAS. AS OF 1/23/2023	0.20	Officer	$0	$28,987	$141,951
HEDY P MILGROM	SECRETARY THRU 11/8/2023	0.20	Officer	$0	$7,718	$105,405
TAL D ROTHSTEIN	ASST. SECRETARY AS OF 11/8/2023	0.20	Officer	$0	$6,538	$80,176
DR ALLAN STEINHARDT	TRUSTEE/PRESIDENT	0.30	Officer Director	$0	$0	$0
SALLY H WERTHEIM	TRUSTEE & VICE PRES. THRU 1/23/2023	0.30	Officer Director	$0	$0	$0
SUEZETTE STEINHARDT	TRUSTEE AS OF 5/15/2023/VICE PRES.	0.30	Officer Director	$0	$0	$0
DANIEL ZELMAN	TRUSTEE	0.10	Director	$0	$0	$0
J DAVID HELLER	TRUSTEE	0.10	Director	$0	$0	$0
KENNETH HOCHMAN	TRUSTEE THRU 3/27/2023	0.10	Director	$0	$0	$0
RUTH SANDERSON	TRUSTEE	0.10	Director	$0	$0	$0
SANDRA WULIGER	TRUSTEE AS OF 5/15/2023	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
2024	No data	No data	No data	No data
2023	$1,547,449	$4,629,538	$32,841,454	$-3,082,089
2022	$4,020,354	$764,672	$30,243,300	$3,255,682
2021	$459,559	$2,491,296	$38,634,216	$-2,031,737
2020	$908,580	$1,032,111	$34,628,814	$-123,531
2019	$702,506	$2,605,077	$30,941,576	$-1,902,571
2018	$1,091,598	$2,036,158	$27,060,719	$-944,560

THE SEMI J & RUTH W BEGUN FOUNDATION