LEONARD AND DIANE SHERMAN FAMILY FOUNDATION

EIN: 364345181 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$98,052
Total Expenses
$945,697
Total Assets
$43,595,301
Net Assets
$43,366,347
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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
2000
Legal Domicile
IL
Principal Officer
DAVID SHERMAN
Phone
3123574790
Tax Period
2024-07-01 to 2025-06-30

LEONARD AND DIANE SHERMAN FAMILY FOUNDATION, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $98K in total revenue in fiscal year 2024. Revenue surged 320% from the prior year, signaling strong growth momentum. Expenses of $946K exceeded revenue, resulting in a 864% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND MAINTAIN THE BROAD CHARITABLE, EDUCATIONAL AND/OR RELIGIOUS PURPOSE OF, THE JEWISH FEDERATION OF METROPOLITAN CHICAGO, AND THE FOUNDATION AS AUTHORIZED IN THEIR 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $82,671
Other Revenue $15,381
TOTAL REVENUE $98,052

Expense Breakdown

Grants Paid $783,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $783,000
Other Expenses $162,697
TOTAL EXPENSES $945,697

Year-over-Year Comparison

2024 2023 Change
Revenue $98,052 $23,334 +3.2%
Expenses $945,697 $1,206,737 -0.2%
Net Income $-847,645 $-1,183,403 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
4

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
6
$1,377,301
Total Directors
9
$1,257,694
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID S ROSEN TREASURER 0.30
Officer Director
$0 $106,440 $558,732
DR STEVEN B NASATIR DIRECTOR 0.30
Director
$0 $55,634 $528,648
ERIC DEVIR SECRETARY 0.30
Officer Director
$0 $31,170 $170,314
DAVID A SHERMAN PRESIDENT 0.30
Officer Director
$0 $0 $0
MIRIAM SHERMAN VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
DAVID T BROWN DIRECTOR 0.30
Director
$0 $0 $0
MARK GAINES DIRECTOR - PART YEAR 0.30
Director
$0 $0 $0
MAX SCHRAYER DIRECTOR 0.30
Director
$0 $0 $0
LARRY H PACHTER DIRECTOR - PART YEAR 0.30
Director
$0 $0 $0
JAMES A PINKSTON ASSISTANT TREASURER 0.30
Officer
$0 $56,475 $365,057
PETER CHISWICK ASSISTANT TREASURER 0.30
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 $98,052 $945,697 $43,595,301 $-847,645
2024 $23,334 $1,206,737 $41,245,999 $-1,183,403
2023 $230,988 $1,736,877 $37,468,134 $-1,505,889
2022 $804,063 $1,832,504 $35,886,447 $-1,028,441
2021 $85,695 $637,017 $39,724,872 $-551,322
2020 $531,669 $497,554 $30,957,229 $34,115
2019 $805,444 $503,931 $29,859,607 $301,513
2018 $192,483 $582,672 $28,534,013 $-390,189
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