MEDIO J BACCO MEMORIAL SCHOLARSHIP TRUST C/O FIRST BANK OF UPPER MICHIGAN (EIN 386088245) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

JERRY SARDINA

Phone

9062286088

Tax Period

2025-01-01 to 2025-12-31

MEDIO J BACCO MEMORIAL SCHOLARSHIP TRUST C/O FIRST BANK OF UPPER MICHIGAN, founded in 1998, is a micro nonprofit in the Education sector that reported $54K in total revenue in fiscal year 2025. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 28% operating margin.

Mission

EDUCATIONAL-COLLEGE SCHOLARSHIPS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $54,217

Other Revenue $0

TOTAL REVENUE $54,217

Expense Breakdown

Grants Paid $25,625

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,625

Other Expenses $13,678

TOTAL EXPENSES $39,303

Year-over-Year Comparison

	2025	2024	Change
Revenue	$54,217	$151,816	-0.6%
Expenses	$39,303	$37,004	+0.1%
Net Income	$14,914	$114,812	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY SARDINA	TRUSTEE	2.00	Director	$0	$0	$0
AMY RYAN	TRUSTEE	2.00	Director	$0	$0	$0
SHARI PICUCCI-WHITE	TRUSTEE	2.00	Director	$0	$0	$0
JON HARRY	TRUSTEE	2.00	Director	$0	$0	$0
CAROL QUANDT	TRUSTEE	2.00	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
2025	$54,217	$39,303	$609,604	$14,914
2024	No data	No data	No data	No data
2023	$34,075	$32,704	$479,878	$1,371
2022	$8,217	$44,598	$478,507	$-36,381
2021	$46,952	$46,902	$514,887	$50
2020	$24,310	$36,036	$514,837	$-11,726
2019	$40,177	$38,952	$526,563	$1,225
2018	$39,238	$37,311	$525,338	$1,927

MEDIO J BACCO MEMORIAL SCHOLARSHIP TRUST C/O FIRST BANK OF UPPER MICHIGAN