JEWISH FEDERATION OF GRAND RAPIDS (EIN 386099686) - 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

1940

Legal Domicile

Principal Officer

CLAUDE TITCHE

Phone

6169425553

Tax Period

2024-07-01 to 2025-06-30

JEWISH FEDERATION OF GRAND RAPIDS, founded in 1940, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 17% operating margin.

Mission

TO PROVIDE PROGRAMS FOR THE CULTURAL, SOCIAL AND FINANCIAL NEEDS OF THE JEWISH COMMUNITY

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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 $787,189

Program Service Revenue $64,581

Investment Income $196,073

Other Revenue $0

TOTAL REVENUE $1,047,843

Expense Breakdown

Grants Paid $191,559

Salaries & Benefits $189,907

Fundraising Expenses $36,767

Program Expenses $551,783

Other Expenses $488,796

TOTAL EXPENSES $870,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,047,843	$803,037	+0.3%
Expenses	$870,262	$768,873	+0.1%
Net Income	$177,581	$34,164	+4.2%

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

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

$80,750

Total Directors

$80,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ALFONSO	PAST CHAIRMAN	0.00	Officer Director	$0	$0	$0
DAN HURWITZ	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
GREG KAUFMAN	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
CLAUDE TITCHE III	TREASURER	0.00	Officer Director	$0	$0	$0
KAREN PADNOS	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
MARISA REED	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHELE YOUNG	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
CHAD ZAGEL	BOARD CHAIRMAN	0.00	Officer Director	$0	$0	$0
LINDA PESTKA	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
SANDI SIMMS	BOARD MEMBER	0.00	Director	$0	$0	$0
ELIZABETH CHRISTOPHERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
NICOLE KATZMAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$80,750	$0	$80,750

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	$1,047,843	$870,262	$15,005,507	$177,581
2024	$803,037	$768,873	$13,095,383	$34,164
2023	$1,096,159	$753,632	$11,602,759	$342,527
2022	$785,055	$741,004	$11,958,871	$44,051
2021	$1,822,305	$1,319,635	$13,581,275	$502,670
2020	$1,668,643	$589,986	$10,616,380	$1,078,657
2019	$618,186	$660,959	$6,619,518	$-42,773

JEWISH FEDERATION OF GRAND RAPIDS