THE GOLDSMITH FOUNDATION INC

EIN: 521306094 501(c)(3)

BALTIMORE, MD

Total Revenue
$285,091
Total Expenses
$558,297
Total Assets
$4,295,261
Net Assets
$4,295,261
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MD
Principal Officer
ANDREW CUSHNIR
Phone
4107274828
Tax Period
2023-07-01 to 2024-06-30

THE GOLDSMITH FOUNDATION INC, founded in 1983, is a small nonprofit that reported $285K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $558K exceeded revenue, resulting in a 96% operating deficit.

Mission

THE FOUNDATION WAS CREATED TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED.

Program Service Accomplishments

Program 1
Expenses: $500,000 Revenue: $0

PROVIDE GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THE MISSION OF THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $285,091
Other Revenue $0
TOTAL REVENUE $285,091

Expense Breakdown

Grants Paid $500,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $500,000
Other Expenses $58,297
TOTAL EXPENSES $558,297

Year-over-Year Comparison

2023 2022 Change
Revenue $285,091 $573,050 -0.5%
Expenses $558,297 $561,844 0.0%
Net Income $-273,206 $11,206 -25.4%
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
5
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$1,037,930
Total Directors
5
$1,037,930
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC B TERRILL PRESIDENT & PUBLIC DIRECTOR 0.15
Officer Director
$0 $194,135 $1,037,930
BETH GOLDSMITH VICE PRESIDENT AND DONOR DIRECTOR 0.15
Officer Director
$0 $0 $0
MARTIN L WAXMAN SECRETARY AND PUBLIC DIRECTOR 0.15
Officer Director
$0 $0 $0
ADAM GOLDSMITH TREASURER AND DONOR DIRECTOR 0.15
Officer Director
$0 $0 $0
ALAN BERKOWITZ PUBLIC DIRECTOR 0.15
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 No data No data No data No data
2024 $285,091 $558,297 $4,295,261 $-273,206
2023 $573,050 $561,844 $4,393,038 $11,206
2022 $705,136 $571,722 $4,201,745 $133,414
2021 $649,733 $660,130 $4,947,917 $-10,397
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