State Forty Eight Foundation

EIN: 851524030 501(c)(3) Philanthropy & Grantmaking

Chandler, AZ

Total Revenue
$282,595
Total Expenses
$288,792
Total Assets
$34,280
Net Assets
$13,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AZ
Principal Officer
MICHAEL SPANGENBERG
Phone
4802986465
Tax Period
2023-01-01 to 2023-12-31

State Forty Eight Foundation, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $283K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

To drive local innovation and inspire community action through the support and empowerment of Arizona based owners and nonprofits

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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 $238,693
Program Service Revenue $12,500
Investment Income $0
Other Revenue $31,402
TOTAL REVENUE $282,595

Expense Breakdown

Grants Paid $42,500
Salaries & Benefits $0
Fundraising Expenses $469
Program Expenses $66,004
Other Expenses $246,292
TOTAL EXPENSES $288,792

Year-over-Year Comparison

2023 2022 Change
Revenue $282,595 $220,707 +0.3%
Expenses $288,792 $219,603 +0.3%
Net Income $-6,197 $1,104 -6.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
45

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
0
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SPANGENBERG Chair of the BoardTre 2.000
Director
$0 $0 $0
NICHOLAS POLANDO Board Member 2.000
Director
$0 $0 $0
ZACHARY HALL PresidentBoard Member 2.000
Director
$0 $0 $0
TYLER SUBLETTE Board Member 1.000
Director
$0 $0 $0
SARAH AMARAL Board Member 1.000
Director
$0 $0 $0
MICHELLE MCQUEEN Board Member 1.000
Director
$0 $0 $0
TIM REGAN Board Member 1.000
Director
$0 $0 $0
NOAH RUIZ Board Member 1.000
Director
$0 $0 $0
AMBER CORDOBA Board Member 1.000
Director
$0 $0 $0
KYLE JENNINGS Board Member 1.000
Director
$0 $0 $0
JASON BYERS Board Member 1.000
Director
$0 $0 $0
SHANNON BREEN Board Member 1.000
Director
$0 $0 $0
BERNARD JOHNSEN Board Member 1.000
Director
$0 $0 $0
KATIE WASSON Secretary 1.000
Director
$0 $0 $0
DOMINIC OROZCO Board Member 1.000
Director
$0 $0 $0
ALYCIA ELFSTROM Board Member 1.000
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 $282,595 $288,792 $34,280 $-6,197
2022 $220,707 $219,603 $61,306 $1,104
2021 $124,634 $121,411 $38,401 $3,223
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