Gene and Mary Sarazen Foundation Inc (EIN 650584415) - 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

1995

Legal Domicile

Principal Officer

Mary Ann Sarazen

Phone

2396427742

Tax Period

2024-04-01 to 2025-03-31

Gene and Mary Sarazen Foundation Inc, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $11K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 90% operating deficit.

Mission

Gene Sarazen's philosophy was to "build a better way" of life where needs exist. To further the hopes and dreams of individuals and communities in need, Mr. Sarazen established The Gene and Mary Sarazen Foundation in 1995. Foundation support reaches out to a variety of local community needs ranging from health care to education, to families, to sports programs.

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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 $5,400

Program Service Revenue $0

Investment Income $5,946

Other Revenue $0

TOTAL REVENUE $11,346

Expense Breakdown

Grants Paid $5,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,750

Other Expenses $15,773

TOTAL EXPENSES $21,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,346	$21,810	-0.5%
Expenses	$21,523	$23,348	-0.1%
Net Income	$-10,177	$-1,538	+5.6%

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

N/A

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
Mary Ann Sarazen	President	8.00	Officer Director	$0	$0	$0
Dawn Litchfield	Secretary/Treas	2.00	Officer Director	$0	$0	$0
David Stonier	Director	1.00	Director	$0	$0	$0
John P Cardillo	Director	1.00	Director	$0	$0	$0
Gene Martin Ilnicki	Director	1.00	Director	$0	$0	$0
Pamela E Ilnicki	Director	1.00	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	$11,346	$21,523	$53,127	$-10,177
2024	$21,810	$23,348	$63,304	$-1,538
2023	$-2,885	$11,815	$64,842	$-14,700
2022	$13,900	$11,237	$89,445	$2,663
2021	$11,468	$9,923	$86,782	$1,545
2020	$11,898	$16,001	$85,237	$-4,103
2019	$14,888	$15,976	$89,340	$-1,088

Gene and Mary Sarazen Foundation Inc