MADELEINE H AND MANDELL L BERMAN SUPPORT FOUNDATION (EIN 382582289) - 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

1984

Legal Domicile

Principal Officer

JONATHAN BERMAN

Phone

2486424260

Tax Period

2023-06-01 to 2024-05-31

MADELEINE H AND MANDELL L BERMAN SUPPORT FOUNDATION, founded in 1984, is a small nonprofit that reported $178K in total revenue in fiscal year 2023. Revenue surged 173% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 600% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO MAKE CHARITABLE GRANTS.

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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 $178,058

Other Revenue $-90

TOTAL REVENUE $177,968

Expense Breakdown

Grants Paid $1,218,879

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,239,142

Other Expenses $27,730

TOTAL EXPENSES $1,246,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,968	$65,277	+1.7%
Expenses	$1,246,609	$865,429	+0.4%
Net Income	$-1,068,641	$-800,152	+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

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

N/A

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

$454,996

Total Directors

$500,190

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BERMAN FELD	SECRETARY	0.50	Officer Director	$0	$0	$0
STEVEN INGBER	DIRECTOR	0.50	Director	$485,367	$14,823	$500,190
JONATHAN BERMAN MD	PRESIDENT	0.50	Officer Director	$0	$0	$0
NANCY GROSFELD	DIRECTOR	0.50	Director	$0	$0	$0
DOROTHY BENYAS	TREASURER	0.50	Officer	$266,875	$26,189	$293,064
HOWARD NEISTEIN	ASSISTANT SECRETARY	0.50	Officer	$138,154	$23,778	$161,932

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	$177,968	$1,246,609	No data	$-1,068,641
2024	$177,968	$1,246,609	No data	$-1,068,641
2023	$65,277	$865,429	$1,141,588	$-800,152
2022	$132,880	$18,767	$2,032,218	$114,113
2021	$84,352	$771,314	$2,218,193	$-686,962
2020	$67,640	$1,196,212	$2,617,595	$-1,128,572
2019	$815,694	$468,706	$3,737,654	$346,988
2018	$3,236,865	$2,978,748	$3,322,086	$258,117

MADELEINE H AND MANDELL L BERMAN SUPPORT FOUNDATION