BERNARD SANBERG MEMORIAL FOUNDATION

EIN: 030447272 501(c)(3) Education

LUTZ, FL

Total Revenue
$216,063
Total Expenses
$77,111
Total Assets
$1,171,856
Net Assets
$1,171,856
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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
2015
Principal Officer
PAUL SANBERG
Phone
8137582279
Tax Period
2024-01-01 to 2024-12-31

BERNARD SANBERG MEMORIAL FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $216K in total revenue in fiscal year 2024. Revenue surged 2200% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 64% operating margin.

Mission

PROVIDE SCHOLASTIC, RESEARCH AND SCITENTIFIC ASSISTANCE FOR ELIGIBLE APPLICANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,000
Program Service Revenue $0
Investment Income $62,063
Other Revenue $0
TOTAL REVENUE $216,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,540
Other Expenses $7,571
TOTAL EXPENSES $77,111

Year-over-Year Comparison

2024 2023 Change
Revenue $216,063 $9,395 +22.0%
Expenses $77,111 $74,842 +0.0%
Net Income $138,952 $-65,447 -3.1%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE SANBERG VICE PRESIDE N/A
Officer
$0 $0 $0
PAUL SANBERG FOUNDER N/A
Officer
$0 $0 $0
BERNARD R SKERKOWSKI TREASURER N/A
Officer
$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 $216,063 $77,111 $1,171,856 $138,952
2023 $9,395 $74,842 $743,539 $-65,447
2021 $105,915 $26,382 $798,482 $79,533
2020 $103,250 $55,502 $741,121 $47,748
2019 $3,674 $55,450 $693,373 $-51,776
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