THE CARL SCHMITT FOUNDATION INC (EIN 133925456) - 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

Samuel A Schmitt

Phone

2037628515

Tax Period

2023-01-01 to 2023-12-31

THE CARL SCHMITT FOUNDATION INC, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 29% operating deficit.

Mission

The organizations mission is to preserve and take care of Carl Schmitts artwork and memoirs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,538

Program Service Revenue $592

Investment Income $26

Other Revenue $0

TOTAL REVENUE $8,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,512

Other Expenses $10,512

TOTAL EXPENSES $10,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,156	$29,419	-0.7%
Expenses	$10,512	$13,052	-0.2%
Net Income	$-2,356	$16,367	-1.1%

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
Samuel A Schmitt	President	040.00	Officer Director	$0	$0	$0
William P Skidd	Director	020.00	Officer Director	$0	$0	$0
David C Schmitt	Director	001.00	Director	$0	$0	$0
Austin L Schmitt Jr	Vice President	001.00	Officer Director	$0	$0	$0
Carl B Schmitt Jr	Director	001.00	Director	$0	$0	$0
Margaret E Skidd	Secretary	001.00	Director	$0	$0	$0
James J Frelk	Director	001.00	Director	$0	$0	$0
John E Cahill	Director	001.00	Director	$0	$0	$0
Austin L Schmitt Jr	Treasurer	005.00	Officer	$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
2023	$8,156	$10,512	$574,366	$-2,356
2022	$29,419	$13,052	$580,731	$16,367
2021	$7,562	$6,799	$569,009	$763

THE CARL SCHMITT FOUNDATION INC