FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION INC

EIN: 521801455 501(c)(3)

BALTIMORE, MD

Total Revenue
$14,970
Total Expenses
$28,265
Total Assets
$965,248
Net Assets
$965,248
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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
1992
Legal Domicile
MD
Principal Officer
MICHAEL I FRIEDMAN
Phone
4107274828
Tax Period
2023-01-01 to 2023-12-31

FLORENCE AND CHARLES HOFFBERGER CHARITABLE FOUNDATION INC, founded in 1992, is a micro nonprofit that reported $15K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $28K exceeded revenue, resulting in a 89% 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: $19,000 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 $14,970
Other Revenue $0
TOTAL REVENUE $14,970

Expense Breakdown

Grants Paid $19,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,000
Other Expenses $9,265
TOTAL EXPENSES $28,265

Year-over-Year Comparison

2023 2022 Change
Revenue $14,970 $11,439 +0.3%
Expenses $28,265 $28,733 0.0%
Net Income $-13,295 $-17,294 -0.2%
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

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

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
$380,432
Total Directors
7
$380,432
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL I FRIEDMAN PRESIDENT & PUBLIC DIRECTO 0.15
Officer Director
$0 $11,879 $259,711
LAUREN KLEIN SECRETARY & PUBLIC DIRECTOR 0.15
Officer Director
$0 $5,326 $120,721
LOIS H HALPERT VICE PRESIDENT & DONOR DIR 0.15
Officer Director
$0 $0 $0
HELLER H ZAIMAN TREASURER & DONOR DIRECTOR 0.15
Officer Director
$0 $0 $0
DEBORAH WECHSLER PUBLIC DIRECTOR 0.15
Director
$0 $0 $0
HARRY HALPERT DONOR DIRECTOR 0.15
Director
$0 $0 $0
JENNY GAMLIEL 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
2024 No data No data No data No data
2023 $14,970 $28,265 $965,248 $-13,295
2022 $11,439 $28,733 $900,454 $-17,294
2021 $39,039 $31,055 $1,109,004 $7,984
2020 $17,361 $59,691 $973,356 $-42,330
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