IGRB 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

1995

Legal Domicile

Phone

3123574790

Tax Period

2024-07-01 to 2025-06-30

IGRB FOUNDATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $234K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $960K exceeded revenue, resulting in a 311% 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: $906,500 Revenue: $0

THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS, ALL OF WHICH MEET THE GUIDELINES OF THE BY-LAWS OF THE FOUNDATION AND THE CHARTER OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO. ALL OF...

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

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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 $233,544

Other Revenue $0

TOTAL REVENUE $233,544

Expense Breakdown

Grants Paid $906,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $906,500

Other Expenses $53,541

TOTAL EXPENSES $960,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,544	$197,858	+0.2%
Expenses	$960,041	$2,067,203	-0.5%
Net Income	$-726,497	$-1,869,345	-0.6%

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

$2,045,815

Total Directors

$1,227,246

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID S ROSEN	VICE PRESIDENT & SECRETARY	0.3	Officer Director	$0	$106,440	$558,732
JEFFREY R BROWN	President	0.3	Officer Director	$0	$0	$0
LONNIE NASATIR	VICE PRESIDENT & TREASURER	0.3	Officer Director	$0	$77,261	$668,514
ANDREW W BROWN	DIRECTOR	0.3	Director	$0	$0	$0
HENRY G BROWN	DIRECTOR	0.3	Director	$0	$0	$0
OWEN S BROWN	DIRECTOR	0.3	Director	$0	$0	$0
VANESSA J BROWN	DIRECTOR	0.3	Director	$0	$0	$0
ERIC DEVIR	ASSISTANT SECRETARY	0.3	Officer	$0	$31,170	$170,314
JAMES A PINKSTON	ASSISTANT TREASURER	0.3	Officer	$0	$56,475	$365,057
jennifer Dobosh	ASST. SECRETARY & ASST. TREASURER - PART YEAR	0.3	Officer	$0	$0	$0
MATTHEW TUPY	ASST. SECRETARY & ASST. TREASURER	0.3	Officer	$0	$0	$0
PETER CHISWICK	ASSISTANT TREASURER	0.3	Officer	$0	$45,504	$283,198
ROBIN LETCHINGER	ASST. SECRETARY & ASST. TREASURER	0.3	Officer	$0	$0	$0

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	$233,544	$960,041	$32,280,814	$-726,497
2024	$197,858	$2,067,203	$31,428,013	$-1,869,345
2023	$24,091,698	$3,225,706	$30,885,523	$20,865,992
2022	$121,502	$1,503,800	$10,549,658	$-1,382,298
2021	$9,439,692	$81,668	$12,478,712	$9,358,024
2020	$736	$5,810	$1,933,585	$-5,074
2019	$6,334	$5,810	$1,917,262	$524
2018	$5,537	$5,710	$1,836,411	$-173