GOLDMAN-HERMELIN EDUCATION FOUNDATION OF HILLEL DAY SCHOOL

EIN: 382858833 501(c)(3)

FARMINGTON HILLS, MI

Total Revenue
$1,082,639
Total Expenses
$403,410
Total Assets
$8,506,777
Net Assets
$8,506,777
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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
1976
Legal Domicile
MI
Principal Officer
ILANA GLAZIER
Phone
2488513220
Tax Period
2024-07-01 to 2025-06-30

GOLDMAN-HERMELIN EDUCATION FOUNDATION OF HILLEL DAY SCHOOL, founded in 1976, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $679K, a strong 63% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE TO THE HILLEL DAY SCHOOL OF METROPOLITAN DETROIT TO MEET THE SCHOLARSHIP, EDUCATION, AND FACILITY MAINTENANCE NEEDS OF THE SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $366,038

MEET THE SCHOLARSHIP, EDUCATION, CULTURAL, INSERVICE TRAINING, FACILITIES MAINTENANCE AND ADMINISTRATIVE NEEDS OF HILLEL DAY SCHOOL OF METROPOLITAN DETROIT.

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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 $177,547
Program Service Revenue $0
Investment Income $905,092
Other Revenue $0
TOTAL REVENUE $1,082,639

Expense Breakdown

Grants Paid $348,038
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $366,038
Other Expenses $55,372
TOTAL EXPENSES $403,410

Year-over-Year Comparison

2024 2023 Change
Revenue $1,082,639 $652,875 +0.7%
Expenses $403,410 $311,208 +0.3%
Net Income $679,229 $341,667 +1.0%
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

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Governance

Voting Members
12
Independent Members
12
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM BERGER DIRECTOR 0.50
Director
$0 $0 $0
ERIC BRONSTEIN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT CANVASSER DIRECTOR 0.50
Director
$0 $0 $0
TODD FINK DIRECTOR 0.50
Director
$0 $0 $0
ARI FISCHMAN DIRECTOR 0.50
Director
$0 $0 $0
ILANA GLAZIER PRESIDENT 0.50
Officer Director
$0 $0 $0
BRIAN HERMELIN DIRECTOR 0.50
Director
$0 $0 $0
ALAN KAUFMAN DIRECTOR 0.50
Director
$0 $0 $0
JOSH LEVINE DIRECTOR 0.50
Director
$0 $0 $0
ILANA LISS SECRETARY 0.50
Officer Director
$0 $0 $0
MARCIE ORLEY DIRECTOR 0.50
Director
$0 $0 $0
GABE SCHUCHMAN TREASURER 0.50
Officer Director
$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 $1,082,639 $403,410 $8,506,777 $679,229
2024 $652,875 $311,208 $8,104,028 $341,667
2023 $751,939 $284,605 $7,485,881 $467,334
2022 $-417,813 $260,328 $7,018,547 $-678,141
2021 $693,449 $244,112 $9,050,456 $449,337
2020 $362,721 $268,763 $7,631,635 $93,958
2019 $736,763 $284,209 $7,704,903 $452,554
2018 $852,937 $681,839 $7,536,544 $171,098
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