NATIONAL ACADEMY OF INVENTORS INC

EIN: 272310390 501(c)(3) Science & Technology

TAMPA, FL

Total Revenue
$2,426,724
Total Expenses
$1,201,777
Total Assets
$4,845,169
Net Assets
$4,845,169
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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
FL
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.

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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 (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

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Governance

Voting Members
9
Independent Members
5
Employees
3
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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