MADAV IX 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

1990

Legal Domicile

Principal Officer

KARI BLUMENTHAL

Phone

2165932900

Tax Period

2024-07-01 to 2025-06-30

MADAV IX FOUNDATION, founded in 1990, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 71% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $521,400

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,853,417

Other Revenue $8,514

TOTAL REVENUE $1,861,931

Expense Breakdown

Grants Paid $521,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $521,400

Other Expenses $16,975

TOTAL EXPENSES $538,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,861,931	$3,401,533	-0.5%
Expenses	$538,375	$934,674	-0.4%
Net Income	$1,323,556	$2,466,859	-0.5%

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

$1,730,380

Total Directors

$838,884

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA RUDIN-LURIA	TRUSTEE; VICE PRES	0.30	Officer Director	$0	$67,181	$694,126
BARRY REIS	TRUSTEE/TREASURER THRU 10/1/24	0.30	Officer Director	$0	$24,159	$144,758
GARY L GROSS	TRUSTEE/PRESIDENT	0.30	Officer Director	$0	$0	$0
KARI BLUMENTHAL	ASST. TREASURER	0.20	Officer	$0	$28,885	$183,816
MATTHEW A KALIFF	SECRETARY	0.20	Officer	$0	$46,648	$151,991
MINDEE FREDMAN	ASST SECRETARY AS OF 10/1/24	0.20	Officer	$0	$36,996	$215,216
MOZELLE JACKSON	TREASURER 10/1/24 THRU 3/24/25	0.20	Officer	$0	$52,296	$340,473

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	$1,861,931	$538,375	$20,234,057	$1,323,556
2024	$3,401,533	$934,674	$18,824,999	$2,466,859
2023	$1,075,405	$738,360	$16,370,314	$337,045
2022	$847,047	$482,205	$13,346,505	$364,842
2021	$185,567	$469,995	$17,131,073	$-284,428
2020	$-2,462,608	$828,277	$11,608,476	$-3,290,885
2019	$-86,986	$897,979	$16,993,012	$-984,965
2018	$846,090	$801,041	$19,216,519	$45,049