MINNESOTA JEWISH COMMUNITY CENTER FOUNDATION (EIN 410698596) - 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

1929

Legal Domicile

Principal Officer

MICHAEL WALDMAN

Phone

6516980751

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA JEWISH COMMUNITY CENTER FOUNDATION, founded in 1929, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $727K, a strong 26% operating margin.

Mission

THE MINNESOTA JCC FOUNDATION SUPPORTS THE MISSION, PROGRAMS AND SERVICES OF THE MINNESOTA JCC.

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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 $62,874

Program Service Revenue $0

Investment Income $545,151

Other Revenue $2,191,561

TOTAL REVENUE $2,799,586

Expense Breakdown

Grants Paid $1,020,357

Salaries & Benefits $0

Fundraising Expenses $14,141

Program Expenses $1,430,441

Other Expenses $1,052,487

TOTAL EXPENSES $2,072,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,799,586	$3,340,755	-0.2%
Expenses	$2,072,844	$1,576,388	+0.3%
Net Income	$726,742	$1,764,367	-0.6%

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

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

$354,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF TANE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PHYLLIS KARASOV	SECRETARY	1.00	Officer Director	$0	$0	$0
LENNIE KAUFMAN	TREASURER	1.00	Officer Director	$0	$0	$0
NORMAN ABRAMSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MELANIE BROIDA	DIRECTOR	1.00	Director	$0	$0	$0
NANCY FUSHAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON GRAIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MEEROVICH	DIRECTOR	1.00	Director	$0	$0	$0
ADAM STERN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WALDMAN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$58,821	$354,200

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	$2,799,586	$2,072,844	$39,029,300	$726,742
2022	$3,340,755	$1,576,388	$38,117,633	$1,764,367
2021	$3,473,311	$3,017,657	$41,644,473	$455,654
2020	$6,175,569	$7,661,327	$40,491,612	$-1,485,758
2019	$10,028,251	$10,158,849	$41,168,712	$-130,598
2018	$10,330,594	$9,275,515	$41,974,071	$1,055,079

MINNESOTA JEWISH COMMUNITY CENTER FOUNDATION