BELLOWS FAMILY 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

1996

Legal Domicile

Principal Officer

JOAN BELLOWS

Phone

3124442814

Tax Period

2023-01-01 to 2023-12-31

BELLOWS FAMILY FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $139K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 621% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $991,741

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

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

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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 $0

Program Service Revenue $0

Investment Income $139,463

Other Revenue $0

TOTAL REVENUE $139,463

Expense Breakdown

Grants Paid $991,741

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $991,741

Other Expenses $14,469

TOTAL EXPENSES $1,006,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,463	$265,830	-0.5%
Expenses	$1,006,210	$394,108	+1.6%
Net Income	$-866,747	$-128,278	+5.8%

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

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

$1,112,483

Total Directors

$687,118

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID S ROSEN	VICE PRESIDENT & TREASURER	0.30	Officer Director	$0	$80,133	$524,437
ERIC DEVIR	VICE PRESIDENT & SECRETARY	0.30	Officer Director	$0	$26,641	$162,681
JOAN BELLOWS	PRESIDENT - PART YEAR	0.30	Officer Director	$0	$0	$0
SHAEL BELLOWS	PRESIDENT - PART YEAR	0.30	Officer Director	$0	$0	$0
JONATHAN BELLOWS	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
ELLIOT ROBINSON	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
JAMIE PINKSTON	ASSISTANT TREASURER	0.30	Officer	$0	$48,056	$352,592
CLAIRE PEACEMAN	ASSISTANT SECRETARY	0.30	Officer	$0	$13,658	$72,773

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	No data	No data	No data	No data
2023	$139,463	$1,006,210	$6,139,679	$-866,747
2022	$265,830	$394,108	$6,151,393	$-128,278
2021	$1,316,123	$612,163	$6,850,436	$703,960
2020	$816,391	$423,681	$4,791,602	$392,710
2019	$1,157,371	$875,595	$4,360,069	$281,776
2018	$710,834	$406,490	$3,646,985	$304,344