SCHOLNICK FAMILY FOUNDATION

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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

2014

Legal Domicile

Principal Officer

MOZELLE JACKSON

Phone

2165932900

Tax Period

2022-07-01 to 2023-06-30

SCHOLNICK FAMILY FOUNDATION, founded in 2014, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $10K in total revenue in fiscal year 2022. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 66% operating margin.

Mission

FURTHER THE CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION").

Program Service Accomplishments

Program 1

GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,000

Program Service Revenue $0

Investment Income $7,098

Other Revenue $0

TOTAL REVENUE $10,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,440

TOTAL EXPENSES $3,440

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,098	$110,483	-0.9%
Expenses	$3,440	$47,670	-0.9%
Net Income	$6,658	$62,813	-0.9%

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

$741,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY REIS	TREASURER	0.20	Officer	$0	$40,331	$310,108
KARI BLUMENTHAL	ASST TREASURER	0.20	Officer	$0	$24,732	$166,588
ANN M GARSON	SECRETARY	0.20	Officer	$0	$37,656	$158,796
JENNIFER B SCHWARZ	ASST SECRETARY	0.20	Officer	$0	$5,402	$106,356
HARVEY L SCHOLNICK	TRUSTEE/CHAIR/PRESIDENT	0.50	Officer Director	$0	$0	$0
DIANE SCHOLNICK	TRUSTEE/VICE PRESIDENT/VC	0.50	Officer Director	$0	$0	$0
ANDREW SCHOLNICK	VICE PRESIDENT	0.20	Officer	$0	$0	$0
STACY E LUNDY	VICE PRESIDENT	0.20	Officer	$0	$0	$0
LYNNE M COHEN	TRUSTEE	0.10	Director	$0	$0	$0
IRA KAPLAN	TRUSTEE	0.10	Director	$0	$0	$0
ENID ROSENBERG	TRUSTEE	0.10	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	No data	No data	No data	No data
2023	$10,098	$3,440	$728,710	$6,658
2022	$110,483	$47,670	$666,699	$62,813
2021	$15,659	$33,634	$717,728	$-17,975
2020	$28,559	$33,180	$562,112	$-4,621
2019	$5,895	$28,352	$578,775	$-22,457
2018	$133,061	$3,232	$591,038	$129,829