Evelyn & Bernard Woolman Family Foundation Inc (EIN 650779801) - 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

1997

Legal Domicile

Principal Officer

Edwin Goldsmith

Phone

5614780700

Tax Period

2024-01-01 to 2024-12-31

Evelyn & Bernard Woolman Family Foundation Inc, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $79K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $192K exceeded revenue, resulting in a 142% operating deficit.

Mission

Support Social Welfare programs

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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 $0

Program Service Revenue $0

Investment Income $79,351

Other Revenue $0

TOTAL REVENUE $79,351

Expense Breakdown

Grants Paid $175,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,000

Other Expenses $17,408

TOTAL EXPENSES $192,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,351	$39,827	+1.0%
Expenses	$192,408	$141,899	+0.4%
Net Income	$-113,057	$-102,072	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Mr Edwin Goldsmith	President	Officer Director	$0	$0	$0
Mr Michael Kohner	Treasurer	Officer Director	$0	$0	$0
Mr Michael Hoffman	Secretary	Officer Director	$0	$0	$0
Mr Adam Bankier	Trustee	Director	$0	$0	$0
Ms Jill Sanders	Trustee	Director	$0	$0	$0
Ms Danielle Weiss	Vice President	Officer Director	$0	$0	$0
Ms Hope Silverman	Trustee	Director	$0	$0	$0
Ms Suzanne Holmes	Trustee	Director	$0	$0	$0
Ms Kathy Sigall	Trustee	Director	$0	$0	$0
Ms Stephanie Weiss	Trustee	Director	$0	$0	$0
Ms Susan Shulman Pertnoy	Trustee	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	$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

Evelyn & Bernard Woolman Family Foundation Inc