FGI 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

2000

Legal Domicile

Principal Officer

BARRY REIS

Phone

2165932900

Tax Period

2019-07-01 to 2020-06-30

FGI FOUNDATION, founded in 2000, is a small nonprofit that reported $108K in total revenue in fiscal year 2019. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 15% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $120,000

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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $107,518

Other Revenue $0

TOTAL REVENUE $107,518

Expense Breakdown

Grants Paid $120,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,000

Other Expenses $3,384

TOTAL EXPENSES $123,384

Year-over-Year Comparison

	2019	2018	Change
Revenue	$107,518	$157,669	-0.3%
Expenses	$123,384	$671,034	-0.8%
Net Income	$-15,866	$-513,365	-1.0%

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

$730,641

Total Directors

$97,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY REIS	TREASURER	0.20	Officer	$0	$47,132	$393,772
KARI BLUMENTHAL	ASST TREASURER	0.20	Officer	$0	$20,311	$152,312
HEDY MILGROM	TRUSTEE/SECRETARY	0.30	Officer Director	$0	$7,363	$97,307
JESSICA BRUDER	ASST. SECRETARY AS OF 2/19/2020	0.20	Officer	$0	$14,839	$87,250
FRANCINE M GORDON	TRUSTEE/PRESIDENT	0.30	Officer Director	$0	$0	$0
DARA G YANOWITZ	TRUSTEE/VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
RABBI STEPHEN I WEISS	TRUSTEE	0.10	Director	$0	$0	$0
RACHEL GLICKMAN	TRUSTEE AS OF 2/19/2020	0.10	Director	$0	$0	$0
LEONA GREEN	TRUSTEE THRU 2/19/2020	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
2020	$107,518	$123,384	$404,256	$-15,866
2019	$157,669	$671,034	$702,057	$-513,365
2018	$124,092	$329,798	$837,666	$-205,706