SIMON FAMILY 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

KARI BLUMENTHAL

Phone

2165932900

Tax Period

2024-07-01 to 2025-06-30

SIMON FAMILY FOUNDATION, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $509K in total revenue in fiscal year 2024. Expenses of $727K exceeded revenue, resulting in a 43% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $572,500

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 $27,539

Other Revenue $481,762

TOTAL REVENUE $509,301

Expense Breakdown

Grants Paid $572,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $572,500

Other Expenses $154,050

TOTAL EXPENSES $726,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,301	$506,066	+0.0%
Expenses	$726,550	$663,230	+0.1%
Net Income	$-217,249	$-157,164	+0.4%

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

$775,946

Total Directors

$76,977

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBYN BRENNER	TRUSTEE	0.10	Director	$0	$3,011	$76,977
ELLEN S CHERNIKOFF	TRUSTEE/PRESIDENT	0.30	Officer Director	$0	$0	$0
ROBERT SIMON	TRUSTEE/VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
LAWRENCE R CHERNIKOFF	TRUSTEE	0.10	Director	$0	$0	$0
KIM PESSES	TRUSTEE	0.10	Director	$0	$0	$0
PAULA SCHWARTZ	TRUSTEE	0.10	Director	$0	$0	$0
HARVEY A SIEGEL	TRUSTEE	0.10	Director	$0	$0	$0
MICHAEL SLOMAK	TRUSTEE	0.10	Director	$0	$0	$0
JAY CHERNIKOFF	TRUSTEE	0.10	Director	$0	$0	$0
MOZELLE JACKSON	TREASURER THRU 6/10/2025	0.20	Officer	$0	$52,296	$340,473
KARI BLUMENTHAL	TREASURER AS OF 6/10/2025	0.20	Officer	$0	$28,885	$183,816
MINDEE FREDMAN	SECRETARY	0.20	Officer	$0	$36,996	$215,216
ABIGAIL STADLIN	ASSISTANT SECRETARY	0.20	Officer	$0	$193	$36,441

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	$509,301	$726,550	$9,718,744	$-217,249
2024	No data	No data	No data	No data
2023	$465,819	$459,254	$9,165,571	$6,565
2022	$440,204	$618,391	$8,958,316	$-178,187
2021	$437,843	$222,098	$9,381,496	$215,745
2020	$131,549	$542,422	$8,795,252	$-410,873
2019	$1,329,819	$392,192	$9,073,745	$937,627
2018	$8,835,585	$7,374	$8,912,629	$8,828,211