GLICKMAN 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

1992

Legal Domicile

Phone

3123574790

Tax Period

2024-07-01 to 2025-06-30

GLICKMAN FOUNDATION, founded in 1992, is a small nonprofit that reported $313K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $703K exceeded revenue, resulting in a 124% operating deficit.

Mission

THE FOUNDATION IS EXCLUSIVELY ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND MAINTAIN A SPECIFIC CHARITABLE, EDUCATIONAL, AND/OR RELIGIOUS PURPOSE OR FUNCTION AS AUTHORIZED BY THE CHARTER OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND THE BY-LAWS OF THE FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $700,000 Revenue: $0

THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS, ALL OF WHICH ARE EXEMPT UNDER IRC SECTION 501(C)(3), AND MEET THE GUIDELINES OF THE FOUNDATION AND THE JEWISH FEDERATION OF METROPOLITAN...

THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS, ALL OF WHICH ARE EXEMPT UNDER IRC SECTION 501(C)(3), AND MEET THE GUIDELINES OF THE FOUNDATION AND THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND ITS BY-LAWS.

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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 $313,414

Other Revenue $0

TOTAL REVENUE $313,414

Expense Breakdown

Grants Paid $700,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $700,000

Other Expenses $3,455

TOTAL EXPENSES $703,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,414	$1,019,010	-0.7%
Expenses	$703,455	$573,670	+0.2%
Net Income	$-390,041	$445,340	-1.9%

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

$1,329,200

Total Directors

$528,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STEVEN B NASATIR	TREASURER	0.3	Officer Director	$0	$55,634	$528,648
ROBERT GLICKMAN	PRESIDENT	0.3	Officer Director	$0	$0	$0
HOWARD BERNICK	DIRECTOR	0.3	Director	$0	$0	$0
JAMES A PINKSTON	ASST SECRETARY & TREASURER	0.3	Officer	$0	$56,475	$365,057
JULIE ANN SKLAVER	SECRETARY	0.3	Officer	$0	$38,020	$152,297
PETER CHISWICK	ASST SECRETARY & TREASURER	0.3	Officer	$0	$45,504	$283,198

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	$313,414	$703,455	$18,454,765	$-390,041
2024	$1,019,010	$573,670	$17,232,096	$445,340
2023	$278,266	$553,610	$15,382,804	$-275,344
2022	$130,816	$103,560	$13,854,903	$27,256
2021	$120,356	$903,460	$15,513,934	$-783,104
2020	$378,006	$1,753,460	$13,670,227	$-1,375,454
2019	$9,935,953	$154,670	$14,098,477	$9,781,283
2018	$783,778	$758,688	$427,958	$25,090