JFMC FACILITIES CORPORATION

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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

1985

Legal Domicile

Phone

3123466700

Tax Period

2024-07-01 to 2025-06-30

JFMC FACILITIES CORPORATION, founded in 1985, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $22.2M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

JFMC FACILITIES CORPORATION'S (FACCORP) MISSION IS TO REDUCE OPERATING COSTS FOR JEWISH COMMUNAL AGENCIES AND DAY SCHOOLS BY LENDING EXPERTISE AND ACHIEVING ECONOMIES OF SCALE THAT ENSURE MORE RESOURCES ARE AVAILABLE FOR DIRECT SERVICE TO PEOPLE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $20,146,808 Revenue: $18,030,683

THE SOLE AND EXCLUSIVE PROGRAM OF FACCORP IS TO OWN, OPERATE AND MANAGE FACILITIES AND PROPERTIES (35 LOCATIONS) FOR THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND ITS AFFILIATE AND BENEFICIARY...

THE SOLE AND EXCLUSIVE PROGRAM OF FACCORP IS TO OWN, OPERATE AND MANAGE FACILITIES AND PROPERTIES (35 LOCATIONS) FOR THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND ITS AFFILIATE AND BENEFICIARY AGENCIES. THESE AGENCIES OPERATE THE PROGRAMS THAT PROVIDE ASSISTANCE TO 500,000 NEEDY CHICAGOANS OF ALL FAITHS INCLUDING: MEALS AND GROCERIES, UTILITY AND RENT ASSISTANCE, PRESCRIPTIONS AND MEDICAL CARE; JOB TRAINING AND PLACEMENT; THERAPEUTIC SCHOOL AND CARE FOR CHILDREN WITH DISABILITIES; SUPPORT SERVICES FOR HOLOCAUST SURVIVORS; ASSISTED LIVING, ALZHEIMER'S CARE AND TRANSPORTATION FOR SENIORS; RESPITE SERVICES FOR CAREGIVERS OF SENIORS AND PEOPLE WITH DISABILITIES; COUNSELING, PREVENTION AND INTERVENTION FOR TROUBLED TEENS; AND AN ENTIRE CONTINUUM OF PREVENTION AND THERAPEUTIC SERVICES FOR INDIVIDUALS AND FAMILIES IN CRISIS.

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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 $4,076,673

Program Service Revenue $18,070,745

Investment Income $84,711

Other Revenue $0

TOTAL REVENUE $22,232,129

Expense Breakdown

Grants Paid $24,181

Salaries & Benefits $6,371,439

Fundraising Expenses $0

Program Expenses $20,146,808

Other Expenses $15,869,554

TOTAL EXPENSES $22,265,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,232,129	$29,633,244	-0.2%
Expenses	$22,265,174	$24,232,289	-0.1%
Net Income	$-33,045	$5,400,955	-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

$2,162,927

Total Directors

$668,514

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN PERLMAN	ASST. SECRETARY/ASST. TREASURER	2.0	Officer Director	$0	$0	$0
DANA WESTREICH HIRT	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
DAVID GOLDER	CHAIRMAN - PART YEAR	2.0	Officer Director	$0	$0	$0
LONNIE NASATIR	PRESIDENT/CEO	5.0	Officer Director	$59,125	$77,261	$668,514
MICHAEL T FISHMAN	ASST. SECRETARY/ASST. TREASURER - PART YEAR	2.0	Officer Director	$0	$0	$0
STEVEN M GREENBAUM	SECRETARY/TREASURER - PART YEAR	2.0	Officer Director	$0	$0	$0
WENDY C ABRAMS	CHAIRMAN	2.0	Officer Director	$0	$0	$0
BOAZ BLUMOVITZ	ASST. SECRETARY & CFO	5.0	Officer	$65,691	$45,664	$410,616
EDYTA A SUMMERVILLE	ASST. SECRETARY & CONTROLLER	27.5	Officer	$0	$37,502	$171,069
FERNANDO D GERTZENSTEIN	ASST. SECRETARY & EXECUTIVE DIRECTOR	50.0	Officer	$216,462	$48,010	$264,472
JAMES A PINKSTON	ASST. SECRETARY & VP ACCOUNTING	5.0	Officer	$38,573	$56,476	$365,058
PETER CHISWICK	ASSISTANT SECRETARY	2.0	Officer	$0	$45,504	$283,198
JEFFREY EDGAR	ASST. EXECUTIVE DIRECTOR, OPERATIONS	37.5	Highest	$124,281	$44,595	$168,876

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	$22,232,129	$22,265,174	$123,562,465	$-33,045
2024	$29,633,244	$24,232,289	$128,019,072	$5,400,955
2023	$34,304,970	$24,393,327	$128,906,549	$9,911,643
2022	$53,899,489	$28,108,540	$131,136,205	$25,790,949
2021	$40,251,181	$25,263,543	$137,417,756	$14,987,638
2020	$26,679,922	$25,147,688	$134,691,031	$1,532,234
2019	$33,769,666	$28,245,155	$136,022,535	$5,524,511
2018	$31,601,874	$28,344,732	$149,267,554	$3,257,142