EDWARD & ROSE BERMAN LEGACY FOUNDATION (EIN 562413904) - 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

2003

Legal Domicile

Principal Officer

Jeffrey Finkelstein

Phone

4129925260

Tax Period

2024-07-01 to 2025-06-30

EDWARD & ROSE BERMAN LEGACY FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $127K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 18% operating deficit.

Mission

The Edward and Rose Berman Legacy Foundations primary purpose is to achieve charitable goals by acting as a supporting organization for the benefit of the Jewish Federation of Greater Pittsburgh.

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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 $80,000

Program Service Revenue $0

Investment Income $46,794

Other Revenue $0

TOTAL REVENUE $126,794

Expense Breakdown

Grants Paid $145,000

Salaries & Benefits $0

Fundraising Expenses $1,409

Program Expenses $145,000

Other Expenses $4,295

TOTAL EXPENSES $149,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,794	$1,343,597	-0.9%
Expenses	$149,295	$598,413	-0.8%
Net Income	$-22,501	$745,184	-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

N/A

Volunteers

N/A

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

$543,204

Total Directors

$543,204

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Berman	President Director	0.50	Officer Director	$0	$0	$0
Jeffrey Finkelstein	Treasurer Director	0.50	Officer Director	$0	$51,772	$543,204
David Steinbach	Vice President Secretary Director	0.50	Officer 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	$126,794	$149,295	$1,433,199	$-22,501
2024	$1,343,597	$598,413	$1,178,845	$745,184
2023	$147,122	$117,114	$726,731	$30,008
2022	$14,435	$144,059	$895,400	$-129,624
2021	$138,521	$640,101	$1,128,588	$-501,580

EDWARD & ROSE BERMAN LEGACY FOUNDATION