MINNEAPOLIS JEWISH FEDERATION

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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

1930

Legal Domicile

Principal Officer

JAMES A COHEN

Phone

9525932600

Tax Period

2023-01-01 to 2023-12-31

MINNEAPOLIS JEWISH FEDERATION, founded in 1930, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $39.8M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Net assets of $138.2M represent 42 months of operating reserves.

Mission

MINNEAPOLIS JEWISH FEDERATION IS A NONPROFIT ORGANIZATION THAT PROMOTES A CULTURE OF PHILANTHROPY, LEVERAGES RESOURCES TO MEET LOCAL AND GLOBAL JEWISH NEEDS, AND FACILITATES COMMUNITY PLANNING TO ENSURE A THRIVING AND SECURE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $35,650,850 Revenue: $0

THE MINNEAPOLIS JEWISH FEDERATION IS A FEDERATED FUNDRAISING ORGANIZATION SUPPORTING THE MINNEAPOLIS AREA, AS WELL AS NATIONAL AND INTERNATIONAL COMMUNITIES. THROUGH ANNUAL AND DIRECT CAMPAIGNS, THE FEDERATION RAISES FUNDS TO SUPPORT BENEFICIARY AGENCIES, ENABLING THEM TO DEVELOP NEW PROGRAMS AND IMPROVE EXISTING ONES. ADDITIONALLY, THE MINNESOTA JEWISH COMMUNITY FOUNDATION, WHICH SERVES AS THE FEDERATION'S PLANNED GIVING AND ENDOWMENT ARM, PROVIDES GRANTS TO VARIOUS CHARITIES ACROSS THE U.S. BASED ON DONOR-ADVISED AND DESIGNATED FUND RECOMMENDATIONS. FOR MORE INFORMATION ON THE IMPACT OF THE MINNEAPOLIS JEWISH FEDERATION, PLEASE VIEW THE LATEST IMPACT REPORT AT WWW.JEWISHMINNEAPOLIS.ORG/WHO-WE-ARE/NUMBERS.

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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 $33,432,911

Program Service Revenue $0

Investment Income $4,688,679

Other Revenue $1,685,264

TOTAL REVENUE $39,806,854

Expense Breakdown

Grants Paid $32,434,009

Salaries & Benefits $3,478,348

Fundraising Expenses $2,273,212

Program Expenses $35,650,850

Other Expenses $4,301,526

TOTAL EXPENSES $40,213,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,806,854	$44,053,725	-0.1%
Expenses	$40,213,883	$20,522,803	+1.0%
Net Income	$-407,029	$23,530,922	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

750

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

$819,701

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK APPELBAUM	PRESIDENT	20.00	Officer Director	$0	$0	$0
AARON GOLDSTEIN	VICE PRESIDENT, OVERSEAS AFFAIRS	1.00	Director	$0	$0	$0
JACY GRAIS	VICE PRESIDENT, OVERSEAS AFFAIRS	1.00	Director	$0	$0	$0
BRAD BIRNBERG	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ARIELLE KAUFMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER LEWIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MACDONALD	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID SEGAL	TREASURER/FINANCE & AUDIT COMMITTEES	1.00	Officer Director	$0	$0	$0
SANDY DONALDSON	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
ABBY ROSE	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
BARBARA HARRIS	CO-CHAIR WOMEN'S PHILANTHROPY	1.00	Director	$0	$0	$0
BRAD FRANK	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
BRITTANY WILLIS	CHAIR, YOUNG ADULT	1.00	Director	$0	$0	$0
DAN AHLSTROM	PARTNER AGENCY EXECUTIVE REPRESENTATIVE	1.00	Director	$0	$0	$0
DAN LIEBERMAN	CHAIR, THE JEWISH COMMUNITY BUILDING CORPORATION	1.00	Director	$0	$0	$0
DEBBIE STILLMAN	CHAIR, ADVANCEMENT STEERING COMMITTEE	1.00	Director	$0	$0	$0
DINA BLUMENFIELD	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
GABRIELLE PARISH	CHAIR, COMMUNITY IMPACT STEERING COM	1.00	Director	$0	$0	$0
GAYLE KAPLAN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
GREG ARENSON	CHAIR, GOVERNANCE COMMITTEE	1.00	Director	$0	$0	$0
HOWARD ZACK	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JODI MOREMI	REPRESENTATIVE	1.00	Director	$0	$0	$0
JUDAH DRUCK	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JUDY WITEBSKY	CHAIR, WOMEN'S PHILANTHROPY	1.00	Director	$0	$0	$0
KEN RASKIN	CHAIR, MINNESOTA JEWISH COMMUNITY FOUNDATION, LLC	1.00	Director	$0	$0	$0
KRIS MACDONALD	CHAIR, DEVELOPMENT STEERING COMMITTE	1.00	Director	$0	$0	$0
LAUREN ZABEZHINSKY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
LINDA FITERMAN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
MARNI TSELOS	MEMBER-AT-LARGE (ST. PAUL)	1.00	Director	$0	$0	$0
MATT HEILICHER	CO-CHAIR, COMMUNITY CAMPAIGN COMMITTEE	1.00	Director	$0	$0	$0
RABBI DAVID LOCKETZ	RABBINIC REPRESENTATIVE	1.00	Director	$0	$0	$0
RABBI MATT GOLDBERG	RABBINIC REPRESENTATIVE	1.00	Director	$0	$0	$0
RABBI TZVI KUPFER	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
RAFI FORBUSH	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
REBECCA SKELTON	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
RITA KELNER	PRESIDENT, WOMEN'S PHILANTHROPY	1.00	Director	$0	$0	$0
ROBERT YOST	CHAIR, COMMUNITY IMPACT STEERING COMMITTEE	1.00	Director	$0	$0	$0
ROBYN SCHEIN	PARTNER AGENCY EXECUTIVE REPRESENTATIVE	1.00	Director	$0	$0	$0
RON MANDELBAUM	CHAIR, GOVERNANCE COMMITTEE	1.00	Director	$0	$0	$0
ROZ SEGAL	PARTNER AGENCY PRESIDENT REPRESENTATIVE	1.00	Director	$0	$0	$0
SETH TOGAL	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
STEPHEN MONTO	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
SUSAN YOST	CHAIR, COMMUNITY CAMPAIGN COMMITTEE	1.00	Director	$0	$0	$0
TAYLOR SZTAINER	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
TODD LEONARD	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
TOM FRISHBERG	MEMBER-AT-LARGE (ST. PAUL)	1.00	Director	$0	$0	$0
VALERIE KREPS	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ZEHORIT HEILICHER	CO-CHAIR, COMMUNITY CAMPAIGN COMMITTEE	1.00	Director	$0	$0	$0
JAMES A COHEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$367,170	$38,377	$405,547
MARTIN K LIPSHUTZ	CHIEF FINANCIAL OFFICER	40.00	Officer	$186,170	$4,306	$190,476
STEVEN BAKER	CHIEF PHLANTHROPY OFFICER	40.00	Officer	$169,127	$11,848	$180,975
SHAI AVNY	CHIEF OPERATING OFFICER	40.00	Officer	$33,592	$9,111	$42,703
ALENE SUSSMAN	FOUNDATION DIRECTOR	40.00	Highest	$160,362	$3,186	$163,548

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	No data	No data	No data	No data
2023	$39,806,854	$40,213,883	$196,720,132	$-407,029
2022	$44,053,725	$20,522,803	$176,390,864	$23,530,922
2021	$22,381,825	$27,960,141	$195,630,681	$-5,578,316
2020	$31,189,376	$24,935,213	$182,716,700	$6,254,163
2019	$35,831,596	$17,881,942	$164,042,628	$17,949,654