THE SALTER FAMILY CHARITABLE FOUNDATION

EIN: 953924344 501(c)(3) Philanthropy & Grantmaking

LOS ANGELES, CA

Total Revenue
$68,046
Total Expenses
$3,295,500
Total Assets
$3,326,286
Net Assets
$3,312,966
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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
1983
Legal Domicile
CA
Phone
3237618700
Tax Period
2023-01-01 to 2023-12-31

THE SALTER FAMILY CHARITABLE FOUNDATION, founded in 1983, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 4743% operating deficit.

Mission

THE SALTER FAMILY CHARITABLE FOUNDATION'S CHARITABLE GIVING IS DEDICATED TO THE JEWISH COMMUNITY AND THE COMMUNITY AT LARGE TO BENEFIT PROGRAMS AND INSTITUTIONS WHICH HAVE AN EMPHASIS ON HEALTH, ARTS & CULTURE AND SOCIAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $3,289,009 Revenue: $0

CHARITABLE GIVING

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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 $68,046
Other Revenue $0
TOTAL REVENUE $68,046

Expense Breakdown

Grants Paid $3,289,009
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,289,009
Other Expenses $6,491
TOTAL EXPENSES $3,295,500

Year-over-Year Comparison

2023 2022 Change
Revenue $68,046 $163,206 -0.6%
Expenses $3,295,500 $294,252 +10.2%
Net Income $-3,227,454 $-131,046 +23.6%
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
5
Independent Members
4
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
6
$1,068,297
Total Directors
5
$173,764
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A ASST SECRETARY/DIRECTOR 0.1
Officer Director
$0 $24,457 $173,764
N/A PRESIDENT/DIRECTOR 0.1
Officer Director
$0 $0 $0
N/A VICE PRESIDENT/DIRECTOR 0.1
Officer Director
$0 $0 $0
N/A DIRECTOR 0.1
Director
$0 $0 $0
N/A DIRECTOR 0.1
Director
$0 $0 $0
N/A TREASURER (start 9/2023) 0.1
Officer
$0 $11,931 $336,152
N/A SECRETARY 0.1
Officer
$0 $35,872 $258,997
N/A Treasurer (Term 9/2023) 0.1
Officer
$0 $32,129 $299,384
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 $68,046 $3,295,500 $3,326,286 $-3,227,454
2022 $163,206 $294,252 $6,075,376 $-131,046
2021 $349,945 $485,069 $7,853,053 $-135,124
2020 $499,275 $257,891 $7,277,335 $241,384
2019 $316,823 $301,709 $6,642,571 $15,114
2018 $177,606 $283,457 $5,771,012 $-105,851
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