SCIMITAR FOUNDATION INC (EIN 391079957) - 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

1995

Legal Domicile

Principal Officer

JEFF DELANEY

Phone

4149334700

Tax Period

2024-04-01 to 2025-03-31

SCIMITAR FOUNDATION INC, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $60K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $144K exceeded revenue, resulting in a 138% operating deficit.

Mission

THE SCIMITAR FOUNDATION, INC. IS RESPONSIBLE FOR THE RESTORATION AND MAINTENANCE OF THE TRIPOLI SHRINE CENTER. IT'S MAIN PURPOSE IS TO GUARANTEE THAT THE CENTER WILL CONTINUE ITS GREAT TRADITION AS A HISTORICAL DESTINATION FOR METRO MILWAUKEE.

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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 $8,327

Program Service Revenue $0

Investment Income $26

Other Revenue $52,010

TOTAL REVENUE $60,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,231

Program Expenses $114,266

Other Expenses $143,799

TOTAL EXPENSES $143,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,363	$186,536	-0.7%
Expenses	$143,799	$227,496	-0.4%
Net Income	$-83,436	$-40,960	+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

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
GERALD ARNHOLT	DIRECTOR	5.00	Officer Director	$0	$0	$0
DAVID BEVSEK	VP / SECRETA	5.00	Officer Director	$0	$0	$0
SKIP BRUCKNER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DELANEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
NICK DESTEFANIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE KINGSTAD	DIRECTOR	1.00	Director	$0	$0	$0
RICK KINGSTAD	DIRECTOR	1.00	Director	$0	$0	$0
PETE SALZA	DIRECTOR	1.00	Director	$0	$0	$0
JOE SCHONER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE VIGNYVICH	TREASURER	5.00	Officer Director	$0	$0	$0
DOUG WINTER	DIRECTOR	1.00	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	$60,363	$143,799	$831,952	$-83,436
2024	$186,536	$227,496	$899,260	$-40,960
2023	$140,504	$149,427	$961,503	$-8,923
2022	$138,258	$203,354	$971,062	$-65,096
2021	$215,167	$211,184	$1,020,909	$3,983
2020	$128,544	$262,880	$967,182	$-134,336
2019	$72,437	$244,589	$1,111,148	$-172,152
2018	$206,585	$229,712	$1,249,474	$-23,127

SCIMITAR FOUNDATION INC