SHOLOM 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

1985

Legal Domicile

Principal Officer

JOEL MANDEL

Phone

9529391593

Tax Period

2023-10-01 to 2024-09-30

SHOLOM FOUNDATION, founded in 1985, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $3.3M left a modest 6% surplus.

Mission

SHOLOM FOUNDATION'S SOLE MISSION IS TO RAISE SUFFICIENT ENDOWMENT AND ANNUAL FUNDS TO GENERATE FINANCIAL SUPPORT FOR SHOLOM SERVICES AND FACILITIES; AND, TO PROMOTE EXCELLENCE IN CARE TO THOSE SERVED BY SHOLOM FOR GENERATIONS TO COME.

Program Service Accomplishments

Program 1

Expenses: $2,243,659 Revenue: $0

SUPPORT PROVIDED TO ENHANCE THE FACILITIES AND PROGRAMMING OF SHOLOM COMMUNITY ALLIANCE AND ITS AFFILIATES (COLLECTIVELY SCA). SCA PROVIDES SHORT AND LONG-TERM NURSING HOME CARE, ASSISTED LIVING...

SUPPORT PROVIDED TO ENHANCE THE FACILITIES AND PROGRAMMING OF SHOLOM COMMUNITY ALLIANCE AND ITS AFFILIATES (COLLECTIVELY SCA). SCA PROVIDES SHORT AND LONG-TERM NURSING HOME CARE, ASSISTED LIVING, HOUSING (MARKET RATE AND HUD-ASSISTED), AND COMMUNITY-BASED SERVICES, INCLUDING HOME CARE AND HOSPICE PRIMARILY TO THE ELDERLY OF THE TWIN CITIES METROPOLITAN AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,195,193

Program Service Revenue $0

Investment Income $1,377,329

Other Revenue $-84,971

TOTAL REVENUE $3,487,551

Expense Breakdown

Grants Paid $2,243,659

Salaries & Benefits $576,592

Fundraising Expenses $777,674

Program Expenses $2,243,659

Other Expenses $458,541

TOTAL EXPENSES $3,280,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,487,551	$4,241,686	-0.2%
Expenses	$3,280,027	$3,240,652	+0.0%
Net Income	$207,524	$1,001,034	-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

$253,448

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SELCER	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NIRENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA A GOLDENBERG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY D GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
JAYE SNYDER	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF GETZKIN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN R GORDON	DIRECTOR (THRU 2/24)	1.00	Director	$0	$0	$0
LISA FURMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA LERMAN	DIRECTOR	1.00	Director	$0	$0	$0
LLOYD STERN	DIRECTOR	1.00	Director	$0	$0	$0
MARK FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MATT GUTTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BLUM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SAXON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHECHTER	DIRECTOR	1.00	Director	$0	$0	$0
MORTON A NAIMAN	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP M JAFFE	DIRECTOR	1.00	Director	$0	$0	$0
RENEE LAMPERT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT I KARON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL RUTZICK	DIRECTOR	1.00	Director	$0	$0	$0
STANFORD BARATZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN C SCHACHTMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN H GOTTLIEB	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOEL MANDEL	EXECUTIVE DIRECTOR	40.00	Officer	$213,542	$39,906	$253,448
NOAH GERDING	DIRECTOR OF DEVELOPMENT	40.00	Highest	$104,110	$84	$104,194

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
2024	$3,487,551	$3,280,027	$44,346,233	$207,524
2023	$4,241,686	$3,240,652	$38,083,021	$1,001,034
2022	$1,855,169	$3,493,887	$33,819,522	$-1,638,718
2021	$5,225,260	$1,970,275	$42,417,925	$3,254,985
2020	$3,467,713	$2,164,006	$35,267,926	$1,303,707
2019	$3,455,316	$2,424,841	$32,957,756	$1,030,475
2018	$2,710,805	$2,152,309	$32,164,670	$558,496