SKY FOUNDATION INC

EIN: 262720583 501(c)(3) Medical Research

BIRMINGHAM, MI

Total Revenue
$596,092
Total Expenses
$531,393
Total Assets
$726,304
Net Assets
$700,855
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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
MI
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.

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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 $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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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
60

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
12
$130,000
Key Employees
0
$0
Highest Compensated
0
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
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