MONSIGNOR JEROME SCHMIT CHARITABLE… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

SCOTT J SAVAGE

Phone

4198852626

Tax Period

2023-01-01 to 2023-12-31

MONSIGNOR JEROME SCHMIT CHARITABLE FOUNDATION C/O SCOTT SAVAGE, founded in 1989, is a micro nonprofit that reported $92K in total revenue in fiscal year 2023. Revenue surged 419% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 16% operating margin.

Mission

THE PRIMARY PURPOSE OF THE MONSIGNOR JEROME SCHMIT FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO OR FOR ORGANIZATIONS WHICH ENGAGE IN ACTIVITIES IN SUPPORT OF THE POOR, ACTIVITIES FOR THE ESTABLISHMENT AND CONTINUATION OF THE ARTS AND LITERATURE, CHARITABLE ACTIVITES FOR THE BETTERMENT OF THE COMMUNITY OF THE GREATER TOLEDO AREA AND OTHER CHARITABLE ACTIVITES.

Program Service Accomplishments

Program 1

Expenses: $20,000

CATHOLIC YOUTH ORGANIZATION

Program 2

Expenses: $25,000

THE CATHOLIC CLUB

Program 3

Expenses: $10,000

DIOCESE OF TOLEDO CAMPUS MINISTRY

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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 $6,201

Program Service Revenue $0

Investment Income $8,736

Other Revenue $76,800

TOTAL REVENUE $91,737

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,000

Other Expenses $7,418

TOTAL EXPENSES $77,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,737	$17,675	+4.2%
Expenses	$77,418	$68,003	+0.1%
Net Income	$14,319	$-50,328	-1.3%

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
SCOTT J SAVAGE	OFFICER/TTEE	0.00	Director	$0	$0	$0
STEPHEN D TAYLOR	OFFICER/TTEE	0.00	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
2024	No data	No data	No data	No data
2023	$91,737	$77,418	$447,509	$14,319
2022	$17,675	$68,003	$510,861	$-50,328
2021	$53,677	$68,613	$561,189	$-14,936
2020	$9,807	$68,178	$576,125	$-58,371

MONSIGNOR JEROME SCHMIT CHARITABLE FOUNDATION C/O SCOTT SAVAGE