Mt Sinai Health Care 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

1994

Legal Domicile

Principal Officer

Mitchell Balk

Phone

2164215500

Tax Period

2024-07-01 to 2025-06-30

Mt Sinai Health Care Foundation, founded in 1994, is a community nonprofit in the Health Care sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $9.5M exceeded revenue, resulting in a 46% operating deficit.

Mission

The Mt. Sinai Health Foundation improves the health of Greater Cleveland by investing resources, convening, and collaborating - with a focus on: - Equitable health outcomes- Health of the Jewish community- Academic medicine and bioscience - Health policy

Program Service Accomplishments

Program 1

Expenses: $8,614,759 Revenue: $0

To engage in grant making to support and carry out the purposes of the Jewish Federation of Cleveland, by encouraging activities designed to improve the health status of the residents of Greater...

To engage in grant making to support and carry out the purposes of the Jewish Federation of Cleveland, by encouraging activities designed to improve the health status of the residents of Greater Cleveland, OH.

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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 $34,021

Program Service Revenue $0

Investment Income $6,163,386

Other Revenue $297,450

TOTAL REVENUE $6,494,857

Expense Breakdown

Grants Paid $7,477,771

Salaries & Benefits $1,237,305

Fundraising Expenses $0

Program Expenses $8,614,759

Other Expenses $752,581

TOTAL EXPENSES $9,467,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,494,857	$7,289,674	-0.1%
Expenses	$9,467,657	$8,616,593	+0.1%
Net Income	$-2,972,800	$-1,326,919	+1.2%

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

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

$720,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ira C Kaplan	Chair	8.00	Officer Director	$0	$0	$0
James A Ratner	Vice-Chair	2.00	Officer Director	$0	$0	$0
Beth D Rosenberg	Vice-Chair	2.00	Officer Director	$0	$0	$0
J David Heller	Treasurer	2.00	Officer Director	$0	$0	$0
Jeremy A Paris	Secretary	2.00	Officer Director	$0	$0	$0
Thomas W Adler	Director	2.00	Director	$0	$0	$0
Beth W Brandon	Director	2.00	Director	$0	$0	$0
Scott S Cowen	Director	2.00	Director	$0	$0	$0
Cheryl L Davis	Director	2.00	Director	$0	$0	$0
Peter Golden Jr MD	Director	2.00	Director	$0	$0	$0
Stephen Hoffman	Director	2.00	Director	$0	$0	$0
Susan Hurwitz	Director	2.00	Director	$0	$0	$0
Vickie Johnson	Director	2.00	Director	$0	$0	$0
Hallie Bram Kogelschatz	Director	2.00	Director	$0	$0	$0
Shlomo Koyfman MD	Director	2.00	Director	$0	$0	$0
India Pierce Lee	Director	2.00	Director	$0	$0	$0
Mariely Luengo	Director	2.00	Director	$0	$0	$0
Darrell L McNair	Director	2.00	Director	$0	$0	$0
Amy Main Morgenstern	Director	2.00	Director	$0	$0	$0
August Napoli	Director	2.00	Director	$0	$0	$0
Judge Dan A Polster	Life Director	2.00	Director	$0	$0	$0
Susan Ratner	Life Director	2.00	Director	$0	$0	$0
Alan Rosskamm	Director	2.00	Director	$0	$0	$0
Brad Schlang	Director	2.00	Director	$0	$0	$0
Marcy L Schwartz MD	Director	2.00	Director	$0	$0	$0
Scott M Simon	Director	2.00	Director	$0	$0	$0
Jeanne K Tobin	Director	2.00	Director	$0	$0	$0
Mitchell Balk	President	40.00	Officer	$409,084	$56,719	$465,803
Brian Rothstein	Vice President as of 2/25	40.00	Officer	$0	$0	$0
Dan Cohn	Vice President until 7/24	40.00	Officer	$108,630	$12,702	$121,332
Melanie Gavin	Financial Officer	40.00	Officer	$109,656	$23,522	$133,178

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	$6,494,857	$9,467,657	$189,581,658	$-2,972,800
2024	$7,289,674	$8,616,593	$189,473,279	$-1,326,919
2023	$2,656,320	$9,744,684	$173,642,018	$-7,088,364
2022	$5,570,433	$8,906,997	$168,402,020	$-3,336,564
2021	$29,891,889	$7,621,780	$191,747,804	$22,270,109
2020	$3,569,430	$7,675,128	$146,528,112	$-4,105,698
2019	$5,365,893	$7,273,459	$151,540,157	$-1,907,566
2018	$10,032,841	$6,997,498	$154,830,031	$3,035,343