SANTA BARBARA DERMATOLOGY FOUNDATION INC (EIN 854385820) - 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

2022

Legal Domicile

Principal Officer

MICHAEL HEFFERNAN MD

Phone

6155798798

Tax Period

2024-01-01 to 2024-12-31

SANTA BARBARA DERMATOLOGY FOUNDATION INC, founded in 2022, is a small nonprofit in the Health Care sector that reported $472K in total revenue in fiscal year 2024. Revenue surged 485% from the prior year, signaling strong growth momentum.

Mission

TO ADVANCE RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES BY PLANNING, ORGANIZING, PROMOTING, AND MANAGING PROFESSIONAL CONFERENCES AND CONTINUING EDUCATION TO ADVANCE SCIENTIFIC AND MEDICAL KNOWLEDGE IN THE FIELD OF DERMATOLOGY.

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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 $0

Program Service Revenue $471,765

Investment Income $0

Other Revenue $0

TOTAL REVENUE $471,765

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $191,000

Fundraising Expenses $0

Program Expenses $475,330

Other Expenses $276,830

TOTAL EXPENSES $475,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,765	$80,651	+4.8%
Expenses	$475,330	$353,554	+0.3%
Net Income	$-3,565	$-272,903	-1.0%

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

$191,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HEFFERNAN MD	PRESIDENT	1.50	Officer	$83,000	$0	$83,000
ROBERTA SENGELMANN MD	VICE-PRESIDENT	1.50	Officer	$83,000	$0	$83,000
J MARK JACKSON MD	SECRETARY/TREASURER	1.50	Officer	$25,000	$0	$25,000

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	$471,765	$475,330	$116,887	$-3,565
2023	$80,651	$353,554	$120,452	$-272,903
2022	$772,930	$447,318	$393,355	$325,612
2021	$277,899	$210,156	$67,743	$67,743

SANTA BARBARA DERMATOLOGY FOUNDATION INC