SUMMERFEST FOUNDATION INC (EIN 452522052) - 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

2011

Legal Domicile

Principal Officer

DON SMILEY

Phone

4142732680

Tax Period

2018-01-01 to 2018-12-31

SUMMERFEST FOUNDATION INC, founded in 2011, is a small nonprofit that reported $301K in total revenue in fiscal year 2018. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 2130% operating deficit.

Mission

THE CORPORATION IS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF MILWAUKEE WORLD FESTIVAL, INC., WHICH IS TO PROMOTE AN UNDERSTANDING OF DIFFERENT CULTURES, THE HISTORIES AND TRADITIONS OF VARIOUS NATIONALITIES, HARMONY IN THE COMMUNITY, CIVIC PRIDE AND PROVIDE A SHOWCASE FOR THE PERFORMING ARTS, ACTIVITIES AND RECREATION FOR THE PUBLIC AND EMPLOYMENT OPPORTUNITES FOR THE YOUTH OF THE 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 (2018)

Revenue Breakdown

Contributions & Grants $43,000

Program Service Revenue $0

Investment Income $225,305

Other Revenue $32,465

TOTAL REVENUE $300,770

Expense Breakdown

Grants Paid $6,694,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,694,254

Other Expenses $13,544

TOTAL EXPENSES $6,707,798

Year-over-Year Comparison

	2018	2017	Change
Revenue	$300,770	$927,673	-0.7%
Expenses	$6,707,798	$579,614	+10.6%
Net Income	$-6,407,028	$348,059	-19.4%

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

900

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

$1,635,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED KELLNER	DIRECTOR	0.10	Director	$0	$0	$0
P MICHAEL MAHONEY	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL MINAHAN	DIRECTOR	0.10	Director	$0	$0	$0
BRADLEY D PAGE	DIRECTOR	0.10	Director	$0	$0	$0
HOWARD SCHNOLL	DIRECTOR	0.10	Director	$0	$0	$0
DON SMILEY	PRESIDENT	2.00	Officer	$0	$240,677	$732,876
ROBERT BABISCH	VICE PRESIDENT	2.00	Officer	$0	$49,007	$244,554
SARAH PANCHERI	VICE PRESIDENT	2.00	Officer	$0	$34,986	$231,452
SUSAN LANDRY	TREASURER	2.00	Officer	$0	$32,643	$212,384
FRANK NICOTERA	SECRETARY	2.00	Officer	$0	$32,776	$214,171

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
2018	$300,770	$6,707,798	No data	$-6,407,028

SUMMERFEST FOUNDATION INC