Evelyn & Bernard Woolman Family Foundation Inc

EIN: 650779801 501(c)(3) Philanthropy & Grantmaking

West Palm Beach, FL

Total Revenue
$45,533
Total Expenses
$192,895
Total Assets
$2,380,225
Net Assets
$2,380,225
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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
1997
Legal Domicile
FL
Principal Officer
Edwin Goldsmith
Phone
5614780700
Tax Period
2025-01-01 to 2025-12-31

Evelyn & Bernard Woolman Family Foundation Inc, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $46K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $193K exceeded revenue, resulting in a 324% operating deficit.

Mission

SUPPORT SOCIAL WELFARE PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $175,000 Revenue: $45,533

GRANTS TO SOCIAL WELFARE AND EDUCATIONAL INSTITUTIONS TO FURTHER THEIR ABILITY TO SERVICE NUMEROUS CLIENTS AND STUDENTS CONSISTENT WITH THE GOALS AND PURPOSES OF THE JEWISH FEDERATION OF PALM BEACH...

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GRANTS TO SOCIAL WELFARE AND EDUCATIONAL INSTITUTIONS TO FURTHER THEIR ABILITY TO SERVICE NUMEROUS CLIENTS AND STUDENTS CONSISTENT WITH THE GOALS AND PURPOSES OF THE JEWISH FEDERATION OF PALM BEACH COUNTY, 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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $45,533
Other Revenue $0
TOTAL REVENUE $45,533

Expense Breakdown

Grants Paid $175,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $175,000
Other Expenses $17,895
TOTAL EXPENSES $192,895

Year-over-Year Comparison

2025 2024 Change
Revenue $45,533 $79,351 -0.4%
Expenses $192,895 $192,408 +0.0%
Net Income $-147,362 $-113,057 +0.3%
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
10
Independent Members
10
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mr Edwin Goldsmith President 0.0
Officer Director
$0 $0 $0
Mr Michael Kohner Treasurer 0.0
Officer Director
$0 $0 $0
Mr Michael Hoffman Secretary 0.0
Officer Director
$0 $0 $0
Mr Adam Bankier Trustee 0.0
Director
$0 $0 $0
Ms Jill Sanders Trustee 0.0
Director
$0 $0 $0
Ms Danielle Weiss Vice President 0.0
Officer Director
$0 $0 $0
Ms Hope Silverman Trustee 0.0
Director
$0 $0 $0
Ms Suzanne Holmes Trustee 0.0
Director
$0 $0 $0
Ms Stephanie Weiss Trustee 0.0
Director
$0 $0 $0
Ms Susan Shulman Pertnoy Trustee 0.0
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 $45,533 $192,895 $2,380,225 $-147,362
2024 $79,351 $192,408 $2,527,587 $-113,057
2023 $39,827 $141,899 $2,640,644 $-102,072
2022 $42,702 $46,742 $2,742,716 $-4,040
2021 $142,317 $17,686 $2,746,756 $124,631
2020 $2,077,514 $9,223 $2,622,125 $2,068,291
2019 $438,211 $2,869 $553,834 $435,342
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