SEMA MEMORIAL SCHOLARSHIP FUND (EIN 954131888) - 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

1989

Legal Domicile

Principal Officer

MIKE SPAGNOLA

Phone

9099786707

Tax Period

2024-07-01 to 2025-06-30

SEMA MEMORIAL SCHOLARSHIP FUND, founded in 1989, is a small nonprofit in the Education sector that reported $432K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $127K, a strong 29% operating margin.

Mission

TO FOSTER LEADERSHIP IN THE SPECIALTY EQUIPMENT MARKETPLACE AND TO SUPPORT EDUCATIONAL GOALS FOR STUDENTS TO PURSUING CAREERS IN THE AUTOMOTIVE AFTERMARKET.

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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 $192,434

Program Service Revenue $0

Investment Income $240,064

Other Revenue $0

TOTAL REVENUE $432,498

Expense Breakdown

Grants Paid $262,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $262,500

Other Expenses $42,747

TOTAL EXPENSES $305,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$432,498	$546,950	-0.2%
Expenses	$305,247	$400,158	-0.2%
Net Income	$127,251	$146,792	-0.1%

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	1.00	Officer Director	$0	$0	$0
MELANIE WHITE	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
TIM MCCARTHY	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES LAWRENCE	IMMEDIATE PAST CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN STUTZMAN	CFO	1.00	Officer	$0	$9,692	$193,081
MIKE SPAGNOLA	PRESIDENT AND CEO	1.00	Officer	$0	$30,660	$617,349
GEORGE AFREMOW	FORMER VP & CFO	0.00		$0	$39,440	$425,878
WILLIAM MILLER	FORMER SR. VP, OPS	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	$432,498	$305,247	$3,127,329	$127,251
2024	$546,950	$400,158	$2,817,449	$146,792
2023	$273,752	$369,670	$2,508,648	$-95,918
2022	$957,454	$576,236	$2,322,593	$381,218
2021	$564,418	$354,136	$2,620,098	$210,282
2020	$255,373	$482,216	$2,008,565	$-226,843
2019	$399,890	$577,535	$2,346,483	$-177,645
2018	$698,645	$450,621	$2,558,543	$248,024

SEMA MEMORIAL SCHOLARSHIP FUND