JEWISH APARTMENTS AND SERVICES INC (EIN 381873419) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

NANCY HEINRICH

Phone

2489674240

Tax Period

2024-06-01 to 2025-05-31

JEWISH APARTMENTS AND SERVICES INC, founded in 1968, is a mid-sized nonprofit in the Human Services sector that reported $14.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

JEWISH SENIOR LIFE OF METROPOLITAN DETROIT IS DEDICATED TO ENHANCING THE QUALITY OF LIFE FOR OLDER ADULTS OF THE METROPOLITAN DETROIT JEWISH COMMUNITY THROUGH THE PROVISION OF PERSONALIZED HIGH QUALITY PROGRAMS AND SERVICES THAT SUPPORT THE AGING WITH DIGNITY AND CHOICE, TO MAXIMIZE INDEPENDENCE AND EMBRACE JEWISH VALUES.

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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 $453,024

Program Service Revenue $13,770,805

Investment Income $34,392

Other Revenue $-6,453

TOTAL REVENUE $14,251,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,951,400

Fundraising Expenses $0

Program Expenses $13,869,876

Other Expenses $1,547,619

TOTAL EXPENSES $15,499,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,251,768	$16,141,429	-0.1%
Expenses	$15,499,019	$16,034,659	0.0%
Net Income	$-1,247,251	$106,770	-12.7%

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

557

Volunteers

239

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

$1,227,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON FISHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK KOWALSKY	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN RAZNICK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALAN STERNFELD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT MARCUS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY FLEISCHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN COHEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BANKS	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE ARONOVITZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK BERKE	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE BURSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
DAN CHERRIN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD FRANK	NEXTGEN LIAISON	1.00	Director	$0	$0	$0
KENNETH GOSS	DIRECTOR	1.00	Director	$0	$0	$0
ASA GOTLIEB	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HOROWITZ	DIRECTOR	1.00	Director	$0	$0	$0
SONYA KAY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY REED	DIRECTOR	1.00	Director	$0	$0	$0
DR ROB ROBINS	DIRECTOR	1.00	Director	$0	$0	$0
JACK ROTHENBERG	DIRECTOR	1.00	Director	$0	$0	$0
KAREN RUBENFIRE	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER SALESIN	DIRECTOR	1.00	Director	$0	$0	$0
LOWELL SALESIN	DIRECTOR	1.00	Director	$0	$0	$0
JASON TISDALE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WOLF	DIRECTOR	1.00	Director	$0	$0	$0
NANCY S HEINRICH	CEO	3.80	Officer	$324,519	$14,714	$339,233
JENNIFER STANISZEWKI	DIRECTOR OF RESIDENT LIVING	3.80	Officer	$119,125	$8,872	$127,997
RONALD COLASANTI	DIRECTOR OF DINING SERVICES	3.80	Officer	$141,158	$494	$141,652
DIANNE AZZOPARDI	HR DIRECTOR	3.80	Officer	$150,213	$533	$150,746
BARBARA GILES	EXECUTIVE DIRECTOR OF AGING	3.80	Officer	$115,631	$16,727	$132,358
JO ROSEN	EXECUTIVE DIRECTOR OF DEVELOPMENT	3.80	Officer	$119,191	$13,946	$133,137
KARA POWERS	CFO - PART YEAR	3.80	Officer	$187,949	$14,409	$202,358
JULIE WIEWIORA	CFO	3.80	Officer	$0	$0	$0
JANUARY BOLF	DIRECTOR OF FINANCE	40.00	Highest	$126,522	$0	$126,522
TRACEY PROGHOVNICK EDELSTEIN	DIRECTOR OF MARKETING	40.00	Highest	$102,652	$0	$102,652

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	$14,251,768	$15,499,019	$2,872,158	$-1,247,251
2024	$16,141,429	$16,034,659	$3,448,783	$106,770
2023	$14,725,881	$14,784,778	$3,639,818	$-58,897
2022	$13,593,643	$11,467,949	$3,850,072	$2,125,694
2021	$11,391,571	$12,484,730	$3,705,286	$-1,093,159
2020	$13,237,718	$14,457,964	$4,707,384	$-1,220,246
2019	$12,256,308	$15,465,940	$3,875,206	$-3,209,632
2018	$13,316,822	$12,727,665	$7,056,321	$589,157

JEWISH APARTMENTS AND SERVICES INC