SEMA FEST INC (EIN 871373521) - 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

2021

Legal Domicile

Principal Officer

MIKE SPAGNOLA

Phone

9099786707

Tax Period

2024-07-01 to 2025-06-30

SEMA FEST INC, founded in 2021, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 112% operating deficit.

Mission

TO EDUCATE THE PUBLIC ABOUT AND PROMOTE THE AMERICAN CULTURE AND LIFESTYLE ARISING OUT OF THE INVENTION AND CONTINUAL IMPROVEMENT, DEVELOPMENT, AND PERSONALIZATION AND USE OF AUTOMOBILES AND TRUCKS FOR RACING, TRAVEL, AND OTHER PURPOSES.

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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 $195,000

Program Service Revenue $2,038,136

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,233,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,731,909

Other Expenses $4,737,702

TOTAL EXPENSES $4,737,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,233,136	$4,850,927	-0.5%
Expenses	$4,737,702	$12,269,297	-0.6%
Net Income	$-2,504,566	$-7,418,370	-0.7%

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

$810,430

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE FICKLER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
JAMES LAWRENCE	IMMEDIATE PAST CHAIR & SECRETARY	3.00	Officer Director	$0	$0	$0
MELANIE WHITE	CHAIR ELECT	3.00	Officer Director	$0	$0	$0
TIM MCCARTHY	TREASURER	3.00	Officer Director	$0	$0	$0
MIKE SPAGNOLA	PRESIDENT AND CEO	3.00	Officer	$0	$30,660	$617,349
RYAN STUTZMAN	CFO	1.00	Officer	$0	$9,692	$193,081
GEORGE AFREMOW	FORMER VP & CFO	0.00		$0	$39,440	$425,878
WILLIAM MILLER	FORMER SENIOR VP, OPERATIONS	0.00		$0	$0	$217,874

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	$2,233,136	$4,737,702	$581,290	$-2,504,566
2024	$4,850,927	$12,269,297	$801,668	$-7,418,370
2023	$562,971	$297,406	$1,094,153	$265,565

SEMA FEST INC