SANBORN SEMINARY

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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

1966

Principal Officer

JOHN CONANT

Tax Period

2022-07-01 to 2023-06-30

SANBORN SEMINARY, founded in 1966, is a micro nonprofit in the Education sector that reported $62K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $25K, a strong 41% operating margin.

Mission

PROVIDE GRANTS AND SCHOLARSHIPS TO SANBORN HIGH AND HIGH SCHOOL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $23,397

THE ORGANIZATION RAISES MONEY AND MANAGES AN INVESTMENT ACCOUNT THAT SUPPORTS SANBORN HIGH SCHOOL AND STUDENTS OF SANBORN SCHOOL DISTRICT THROUGH STUDENT SCHOLARSHIPS AND AID TO THE HIGH SCHOOL...

THE ORGANIZATION RAISES MONEY AND MANAGES AN INVESTMENT ACCOUNT THAT SUPPORTS SANBORN HIGH SCHOOL AND STUDENTS OF SANBORN SCHOOL DISTRICT THROUGH STUDENT SCHOLARSHIPS AND AID TO THE HIGH SCHOOL BUDGET.

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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 $0

Program Service Revenue $0

Investment Income $62,361

Other Revenue $0

TOTAL REVENUE $62,361

Expense Breakdown

Grants Paid $21,697

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,397

Other Expenses $15,267

TOTAL EXPENSES $36,964

Year-over-Year Comparison

	2022	2021	Change
Revenue	$62,361	$75,527	-0.2%
Expenses	$36,964	$48,387	-0.2%
Net Income	$25,397	$27,140	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLTON SWASEY	PRESIDENT	1.00	Officer	$0	$0	$0
GORDON BAKIE	VICE PRESIDE	1.00	Officer	$0	$0	$0
JOHN CONANT	TREASURER	1.00	Officer	$0	$0	$0
JODI FOY DONAHUE	SECRETARY	1.00	Officer	$0	$0	$0
E CHARLES SANBORN	TRUSTEE	1.00	Director	$0	$0	$0
CARROL WINCH	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE-ANN HUME	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA S BASILIERE	TRUSTEE	1.00	Director	$0	$0	$0
MATT MCELROY	TRUSTEE	1.00	Director	$0	$0	$0
RALPH FELLOWS	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MICHITSON	PRINCIPAL	1.00	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
2023	$62,361	$36,964	$1,406,709	$25,397
2022	$75,527	$48,387	$1,280,682	$27,140
2021	$63,992	$33,788	$1,353,031	$30,204
2020	$2,217	$51,663	$1,019,797	$-49,446
2019	$29,921	$17,792	$1,126,094	$12,129