SPERTUS INSTITUTE FOR JEWISH LEARN… - 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

1924

Legal Domicile

Phone

3123221700

Tax Period

2024-07-01 to 2025-06-30

SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP, founded in 1924, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Net assets of $55.6M represent 95 months of operating reserves.

Mission

SPERTUS INSTITUTE IS A CENTER FOR JEWISH LEARNING AND LEADERSHIP THAT INVITES PEOPLE OF ALL BACKGROUNDS TO EXPLORE THE MULTIFACETED JEWISH EXPERIENCE. SPERTUS INSTITUTE INSPIRES LEARNING, SERVES DIVERSE COMMUNITIES, AND FOSTERS UNDERSTANDING FOR JEWS AND PEOPLE OF ALL FAITH.

Program Service Accomplishments

Program 1

Expenses: $702,118 Revenue: $1,146,520

CENTER FOR JEWISH LEADERSHIP: ROOTED IN THE BELIEF THAT GREAT JEWISH COMMUNITIES NEED GREAT LEADERS, THE MISSION OF THE CENTER FOR JEWISH LEADERSHIP (CJL) IS TO TRANSFORM JEWISH LIFE BY CULTIVATING INNOVATIVE APPROACHES TO LEADERSHIP AND ENHANCING THE ABILITIES OF JEWISH PROFESSIONALS AND LAY LEADERS. PROGRAMS OFFERED THROUGH THE CJL PROVIDE PARTICIPANTS WITH A UNIQUE AND HOLISTIC APPROACH TO JEWISH LEADERSHIP THAT SEAMLESSLY INTEGRATES DEEPER UNDERSTANDING OF JEWISH LIFE, CULTURE, AND HISTORY WITH INSIGHTS AND BEST PRACTICES FROM THE WORLDS OF BUSINESS AND NONPROFIT LEADERSHIP. CENTER OFFERINGS INCLUDE SYMPOSIA, PROFESSIONAL WORKSHOPS AND MASTERCLASSES, A CERTIFICATE IN JEWISH LEADERSHIP (OFFERED WITH NORTHWESTERN UNIVERSITY), AND THE MA IN JEWISH PROFESSIONAL STUDIES.

Program 2

Expenses: $515,449 Revenue: $335,467

MASTER OF ARTS IN JEWISH PROFESSIONAL STUDIES (MAJPS): THE MAJPS PROGRAM IS A MODEL OF LEARNING AND TRAINING FOR JEWISH PROFESSIONALS, OFFERING CORE COURSES IN JUDAICA TOPICS THAT ARE MOST RELEVANT TO JEWISH COMMUNAL LIFE TODAY, ESSENTIAL PROFESSIONAL TRAINING, AS WELL AS INDIVIDUALIZED STUDY TO ADVANCE STUDENTS' PERSONAL AND PROFESSIONAL INTERESTS. THE PROGRAM IS RUN ON A COHORT BASIS, OFFERING THE OPPORTUNITY FOR STUDENTS FROM A WIDE RANGE OF INSTITUTIONAL AND PROFESSIONAL BACKGROUNDS TO NETWORK AND LEARN FROM ONE ANOTHER AND CREATE A VIBRANT COMMUNITY OF PRACTICE.

Program 3

Expenses: $280,470 Revenue: $597,088

JUDAICA DEGREE PROGRAMS (MASTERS DOCTORAL): THE MASTERS-LEVEL PROGRAMS IN JEWISH STUDIES AND JEWISH EDUCATION ARE SEQUENCED, CONTENT SPECIFIC, COHERENT CURRICULA THAT SEEK TO COMMUNICATE TO STUDENTS THE EVOLVING STRUCTURE AND NATURE OF JEWISH CIVILIZATION, THE FUNDAMENTAL RELIGIOUS AND INTELLECTUAL OUTLOOK OF THIS CIVILIZATION, THE CONTRIBUTIONS OF JEWISH CIVILIZATION TO HUMAN CIVILIZATION AND THE INSPIRATION IT CAN PROVIDE FOR STUDENTS TO LEAD A LIFE THAT EMBRACES AND CONTINUES TO EXPLORE THE JEWISH HERITAGE. DOCTORAL-LEVEL PROGRAMS ARE DESIGNED FOR JEWISH PROFESSIONALS SEEKING INCREASED UNDERSTANDING OF THE JEWISH EXPERIENCE AND ACADEMIC GROUNDING IN JEWISH THOUGHT AND PRACTICE.

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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 $3,239,539

Program Service Revenue $910,646

Investment Income $1,164,237

Other Revenue $1,698,964

TOTAL REVENUE $7,013,386

Expense Breakdown

Grants Paid $329,461

Salaries & Benefits $3,086,113

Fundraising Expenses $460,381

Program Expenses $4,907,428

Other Expenses $3,993,965

TOTAL EXPENSES $7,409,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,013,386	$5,373,211	+0.3%
Expenses	$7,409,539	$7,379,434	+0.0%
Net Income	$-396,153	$-2,006,223	-0.8%

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

$636,584

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE WERNER	TREASURER	5.0	Officer Director	$0	$0	$0
HAROLD ISRAEL	CHAIRPERSON	5.0	Officer Director	$0	$0	$0
ODETTE OLSON	SECRETARY	5.0	Officer Director	$0	$0	$0
AMY TUCHLER	TRUSTEE	1.0	Director	$0	$0	$0
AVRUM GRAY	TRUSTEE	1.0	Director	$0	$0	$0
BARBARA BERESKIN	TRUSTEE	1.0	Director	$0	$0	$0
BLAIR KLEIN	TRUSTEE	1.0	Director	$0	$0	$0
BRUCE CRANE	TRUSTEE	1.0	Director	$0	$0	$0
BRUCE HECKTMAN	TRUSTEE	1.0	Director	$0	$0	$0
DON KLEINMUNTZ	TRUSTEE	1.0	Director	$0	$0	$0
DONNA E BARROWS	TRUSTEE	1.0	Director	$0	$0	$0
DR SHARON SILVERMAN	TRUSTEE	1.0	Director	$0	$0	$0
IRENA FRIEDGAN	TRUSTEE	1.0	Director	$0	$0	$0
LAUREL VAN ALLEN	TRUSTEE	1.0	Director	$0	$0	$0
MARK MEHLMAN	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL MARKMAN	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL SPERTUS	TRUSTEE	1.0	Director	$0	$0	$0
MONICA PERLMAN	TRUSTEE	1.0	Director	$0	$0	$0
PETER BENSINGER JR	TRUSTEE	1.0	Director	$0	$0	$0
PHILIP SPERTUS	TRUSTEE	1.0	Director	$0	$0	$0
PHILLIP GORDON	TRUSTEE	1.0	Director	$0	$0	$0
SHELLEY STERN GRACH	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN WOLFF	TRUSTEE	1.0	Director	$0	$0	$0
DEAN BELL	PRESIDENT AND CEO	40.0	Officer	$365,042	$38,222	$403,264
KEREN FRAIMAN	CHIEF ACADEMIC OFFICER	40.0	Officer	$227,775	$5,545	$233,320
GERARDO SANTA CRUZ	FACILITIES	40.0	Highest	$106,994	$2,143	$109,137
PHILLIP THOMPSON	DIRECTOR OF FACILITIES	40.0	Highest	$139,363	$17,716	$157,079

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	$7,013,386	$7,409,539	$61,357,609	$-396,153
2024	$5,373,211	$7,379,434	$61,025,366	$-2,006,223
2023	$38,642,887	$8,533,835	$61,720,247	$30,109,052
2022	$7,279,775	$8,765,489	$61,494,654	$-1,485,714
2021	$8,888,180	$7,270,992	$65,922,474	$1,617,188
2020	$7,780,805	$9,325,914	$64,668,911	$-1,545,109
2019	$8,684,291	$9,645,309	$65,507,334	$-961,018
2018	$8,494,739	$9,389,101	$66,007,107	$-894,362

SPERTUS INSTITUTE FOR JEWISH LEARNING AND LEADERSHIP