THE SCARAB CLUB (EIN 381359568) - 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

1916

Legal Domicile

Principal Officer

KATHRYN DIMOND

Phone

3138311250

Tax Period

2024-07-01 to 2025-06-30

THE SCARAB CLUB, founded in 1916, is a small nonprofit in the Arts, Culture & Humanities sector that reported $308K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $504K exceeded revenue, resulting in a 64% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO BE AN ENDURING HOME FOR THE CULTIVATION AND CELEBRATION OF THE VISUAL, LITERARY, AND PERFORMING ARTS IN DETROIT. IN WELCOMING ALL DRAWN CREATIVE EXPRESSION AND ARTISTIC EXCELLENCE, THEY AIM TO FOSTER A STRONGER, MORE VIBRANT COMMUNITY.

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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 $90,511

Program Service Revenue $173,092

Investment Income $21

Other Revenue $43,950

TOTAL REVENUE $307,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,481

Fundraising Expenses $11,730

Program Expenses $467,515

Other Expenses $293,946

TOTAL EXPENSES $504,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,574	$427,365	-0.3%
Expenses	$504,427	$462,695	+0.1%
Net Income	$-196,853	$-35,330	+4.6%

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

Employees

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

$84,000

Total Directors

$84,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN DIMOND	EXECUTIVE DI	40.00	Officer Director	$84,000	$0	$84,000
JUAN ALVAREZ	DIRECTOR	2.00	Director	$0	$0	$0
ERICA BATTLE	DIRECTOR	2.00	Director	$0	$0	$0
WENDY BAXTER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BELLONI	DIRECTOR	2.00	Director	$0	$0	$0
NANCY CUMMINS	TREASURER	4.00	Officer Director	$0	$0	$0
KAYCE GIFFORD	SECRETARY	4.00	Officer Director	$0	$0	$0
ABBEY TAYLOR JACOBSEN	DIRECTOR	2.00	Director	$0	$0	$0
GREG KOCH	DIRECTOR	2.00	Director	$0	$0	$0
RENECIA LOWERY-JETER	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
SCOTT MAGGART	PRESIDENT	4.00	Officer Director	$0	$0	$0
DENNIS MIRIANI	DIRECTOR	2.00	Director	$0	$0	$0
CAROLE MORRISSEAU	DIRECTOR	2.00	Director	$0	$0	$0
ADRIENNE NUTTER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN PRICE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID RUDOLPH	DIRECTOR	2.00	Director	$0	$0	$0
JAMES TOTTIS	DIRECTOR	2.00	Director	$0	$0	$0
ERIC WHEELER	DIRECTOR	2.00	Director	$0	$0	$0
MARYANN WILKINSON	DIRECTOR	2.00	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	$307,574	$504,427	$476,432	$-196,853
2024	$427,365	$462,695	$660,184	$-35,330
2023	$431,923	$457,041	$493,462	$-25,118
2022	$384,958	$395,887	$538,837	$-10,929
2022	$376,900	$394,241	$547,029	$-17,341
2021	$290,525	$267,031	$593,589	$23,494
2020	$388,818	$386,272	$569,655	$2,546

THE SCARAB CLUB