NATIONAL ACADEMY OF INVENTORS 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

2009

Legal Domicile

Principal Officer

PAUL R SANBERG

Phone

8139745862

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ACADEMY OF INVENTORS INC, founded in 2009, is a community nonprofit in the Science & Technology sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 50% operating margin.

Mission

THE ACADEMY OF INVENTORS IS 100% DEEVOTED TO INSTRUCTING INDIVIDUALS IN AN EFFORT TO IMPROVE SKILLS AS INVENTORS AND INSTRUCTING THE PUBLIC AS TO THE BENEFITS OF INNOVATION. THE SUBLECT MATTER OF THE EDUCATION ENCOMPASSES ESSENTIALLY THE ENTIRE FIELDS OF APPLIED SCIENCE WITH A FOCUS ON TRANSFORMATIVE TECHNOLOGY AND ACADEMIC INNOVATION.

Program Service Accomplishments

Program 1

NAI ANNUAL MEETING THE NAI ANNUAL MEETING IS HELD EACH SPRING AND FEATURES STIMULATING PRESENTATIONS AND NETWORLING WITH RENOWNED INVENTORS FROM ACCROSS THE US AND AROUND THE WORLD. THE MEETING...

NAI ANNUAL MEETING THE NAI ANNUAL MEETING IS HELD EACH SPRING AND FEATURES STIMULATING PRESENTATIONS AND NETWORLING WITH RENOWNED INVENTORS FROM ACCROSS THE US AND AROUND THE WORLD. THE MEETING SERVES AS AN ARENA WHERE INNOVATION AND ENTREPRESNEIRSHIP IN THE ACADEMIC WORLD, LEADING LOCAL AND NATIONAL ECONOMIC DEVELOPMENT IS RECOGNIZED, HONOURED AND CULTIVATED.

Program 2

BRICK AND MORTAR IS IS ESTIMATED TO BUILD A PHYSICAL OFFICE BUILDING IN AN OFFSITE LOCATION FOR THE FOUNDATION. THE BOARD HAS CHOSEN TO ASSIGN 100,000 PER YEAR TO THIS FUND UNTIL BUILDING PLANS ETC...

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,150

Program Service Revenue $2,000,500

Investment Income $13,811

Other Revenue $400,263

TOTAL REVENUE $2,426,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,517

Fundraising Expenses $5,000

Program Expenses $687,359

Other Expenses $1,024,260

TOTAL EXPENSES $1,201,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,426,724	$1,508,515	+0.6%
Expenses	$1,201,777	$1,142,456	+0.1%
Net Income	$1,224,947	$366,059	+2.3%

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

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
KENNETH BLANK	TREASURER	N/A	Director	$0	$0	$0
KAREN J L BURG	DIRECTOR	N/A	Director	$0	$0	$0
PIERRE COMIZZOLI PHD DVM	DIRECOR	N/A	Director	$0	$0	$0
ELIZABETH DOUGHERTY	EX OFFICIO	N/A	Director	$0	$0	$0
ROBERT V DUNCAN	DIRECTOR	N/A	Director	$0	$0	$0
ANNA M LEESE DE ESCOBAR	EX OFFICIO	N/A	Officer Director	$0	$0	$0
DR HOWARD J FEDEROFF	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PAUL ROSENTHAL	EX OFFICIO	N/A	Director	$0	$0	$0
PAUL R SANBERG	PRESIDENT	N/A	Officer Director	$0	$0	$0
DR SUDEEP SARKAR	DIRECTOR	N/A	Officer Director	$0	$0	$0
CATO T LAURENCIN MD PH D	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$2,426,724	$1,201,777	$4,845,169	$1,224,947
2022	$1,508,515	$1,142,456	$3,620,222	$366,059
2021	$1,596,737	$1,245,965	$3,256,382	$350,772
2020	$1,187,584	$463,833	$2,894,340	$723,751
2019	$1,217,085	$813,816	$2,170,589	$403,269
2018	$1,174,892	$500,589	$1,767,320	$674,303