ADMIRATO INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $723,806 Revenue: $341,265

THE WISCONSIN CENTER FOR CHRISTIAN STUDIES INC. SHALL ACT AS A CATALYST FOR CHRISTIAN LEADERSHIP DEVELOPMENT LOCALLY, REGIONALLY, NATIONALLY, OR INTERNATIONALLY, WHEREVER OPPORTUNITIES PRESENT...

THE WISCONSIN CENTER FOR CHRISTIAN STUDIES INC. SHALL ACT AS A CATALYST FOR CHRISTIAN LEADERSHIP DEVELOPMENT LOCALLY, REGIONALLY, NATIONALLY, OR INTERNATIONALLY, WHEREVER OPPORTUNITIES PRESENT THEMSELVES. SUCH LEADERSHIP DEVELOPMENT MAY INCLUDE MENTORING, COACHING, ADVISING, TEACHING, AND ENCOURAGING CHRISTIAN BELIEVERS. WE WISH TO ADVANCE THE UNDERSTANDING OF CHRISTIAN BELIEVERS IN THE AREAS OF BIBLICAL STUDIES, SYSTEMATIC THEOLOGY, COUNSELING, CHURCH HISTORY, AND OTHER SUBJECT AREAS AS NEEDED TO FULFILL OUR MISSION. IN ADDITION, THE ORGANIZATION SEEKS TO ENRICH AND ENGAGE CONGREGATIONS IN JOINING THE SPECIFIC ROLES AS STATED ABOVE.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$186,100

Total Directors

Key Employees

Highest Compensated

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