ADMIRATO INC

EIN: 463789908 501(c)(3) Religion

WAUKESHA, WI

Total Revenue
$845,548
Total Expenses
$1,013,863
Total Assets
$232,884
Net Assets
$61,714
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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
2013
Legal Domicile
WI
Principal Officer
DAVID SEEMUTH
Phone
4148287113
Tax Period
2024-01-01 to 2024-12-31

ADMIRATO INC, founded in 2013, is a small nonprofit in the Religion sector that reported $846K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE WISCONSIN CENTER FOR CHRISTIAN STUDIES, INC. IS FOCUSED ON BRINGING HIGH QUALITY BIBLICAL AND THEOLOGICAL EDUCATION TO DIFFERENT AUDIENCES AROUND THE WORLD. THE FOCUS IS TO ENGAGE SCHOLARS OF HIGH VISIBILITY AND WITH EXCELLENT REPUTATIONS TO BRING WELL-ROUNDED TEACHING TO THE WIDER WORLD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $471,180
Program Service Revenue $341,265
Investment Income $5,575
Other Revenue $27,528
TOTAL REVENUE $845,548

Expense Breakdown

Grants Paid $0
Salaries & Benefits $494,394
Fundraising Expenses $134,133
Program Expenses $723,806
Other Expenses $519,469
TOTAL EXPENSES $1,013,863

Year-over-Year Comparison

2024 2023 Change
Revenue $845,548 $669,449 +0.3%
Expenses $1,013,863 $1,042,027 0.0%
Net Income $-168,315 $-372,578 -0.5%
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

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Governance

Voting Members
4
Independent Members
4
Employees
6
Volunteers
6

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
5
$186,100
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC ULVOG CHAIRMAN 4.00
Officer Director
$0 $0 $0
ADAM BRUK TREASURER 4.00
Officer Director
$0 $0 $0
MARTHA COX SECRETARY 1.00
Officer Director
$0 $0 $0
LARRY SCHMIDT SR VICE PRESIDENT (THRU JULY 2024) 2.00
Officer Director
$0 $0 $0
JENNIFER HECKMANS DIRECTOR (FROM MAY 2024) 1.00
Director
$0 $0 $0
DAVID SEEMUTH PHD PRESIDENT 40.00
Officer
$175,473 $10,627 $186,100
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 $845,548 $1,013,863 $232,884 $-168,315
2023 $669,449 $1,042,027 $262,615 $-372,578
2022 $1,018,123 $894,656 $644,906 $123,467
2021 $872,008 $670,944 $506,911 $201,064
2020 $589,949 $550,362 $413,260 $39,587
2018 $350,560 $453,227 $188,151 $-102,667
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