SKY FOUNDATION INC

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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

2008

Legal Domicile

Principal Officer

William H Powers Jr ChFC

Phone

2483855143

Tax Period

2024-01-01 to 2024-12-31

SKY FOUNDATION INC, founded in 2008, is a small nonprofit in the Medical Research sector that reported $596K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $531K left a modest 11% surplus.

Mission

Sky Foundation, Inc. is dedicated to raising awareness and funding research for the early detection of pancreatic cancer.

Program Service Accomplishments

Program 1

Expenses: $239,254

Sky Foundation funds scientific research for the early detection of pancreatic cancer. They funded three programs including THE MASSACHUSETTS GENERAL HOSPITAL, THE University of Pittsburgh, and...

Sky Foundation funds scientific research for the early detection of pancreatic cancer. They funded three programs including THE MASSACHUSETTS GENERAL HOSPITAL, THE University of Pittsburgh, and DANA-FARBER CANCER INSTITUITE

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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 $585,046

Program Service Revenue $0

Investment Income $18,263

Other Revenue $-7,217

TOTAL REVENUE $596,092

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $279,535

Fundraising Expenses $142,843

Program Expenses $239,254

Other Expenses $101,858

TOTAL EXPENSES $531,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,092	$700,323	-0.1%
Expenses	$531,393	$451,637	+0.2%
Net Income	$64,699	$248,686	-0.7%

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

Volunteers

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

$130,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jody Skonieczny	Executive Dir.	40.00	Director	$130,000	$0	$130,000
Monica Barbour Esq	BOARD MEMBER	1.00	Director	$0	$0	$0
Shannon Crone	President	1.00	Officer Director	$0	$0	$0
Marcia Harrington	BOARD MEMBER	1.00	Director	$0	$0	$0
Ed Malkin	BOARD MEMBER	1.00	Director	$0	$0	$0
Edna Jackson-Gray PhD	BOARD MEMBER	1.00	Director	$0	$0	$0
Samantha Kasselman	BOARD MEMBER	1.00	Director	$0	$0	$0
William H Powers Jr	Treasurer	2.00	Officer Director	$0	$0	$0
Kristen Black	Secretary	1.00	Director	$0	$0	$0
David Wallace	BOARD MEMBER	1.00	Director	$0	$0	$0
Leigh Settlemoir PhD SPHR	BOARD MEMBER	1.00	Director	$0	$0	$0
Mary Beth Castorri	Vice President	1.00	Officer 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	$596,092	$531,393	$726,304	$64,699
2023	$700,323	$451,637	$643,650	$248,686
2022	$363,010	$410,225	$373,198	$-47,215
2021	$368,147	$414,310	$417,559	$-46,163
2020	$355,879	$345,184	$489,005	$10,695
2019	$449,625	$407,169	$445,891	$42,456
2018	$322,850	$330,944	$414,166	$-8,094