MADISON ABC PROGRAM INC (EIN 237040306) - 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

1969

Legal Domicile

Principal Officer

TOM VIRGULTO

Phone

2034216550

Tax Period

2023-07-01 to 2024-06-30

MADISON ABC PROGRAM INC, founded in 1969, is a small nonprofit in the Education sector that reported $260K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $245K left a modest 6% surplus.

Mission

FEED, HOUSE AND TUTOR EDUCATIONALLY DISADVANTAGED HIGH SCHOOL STUDENTS (LIVING AWAY FROM HOME) TO QUALIFY THEM FOR COLLEGE

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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 (2023)

Revenue Breakdown

Contributions & Grants $178,672

Program Service Revenue $0

Investment Income $91,880

Other Revenue $-10,506

TOTAL REVENUE $260,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,244

Fundraising Expenses $0

Program Expenses $209,938

Other Expenses $171,431

TOTAL EXPENSES $244,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,046	$185,940	+0.4%
Expenses	$244,675	$176,617	+0.4%
Net Income	$15,371	$9,323	+0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY MORGAN	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
BILL STABLEFORD	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
CHAD LYONS	BOARD OF DIRECTOR	4.00	Director	$0	$0	$0
CHRIS MCSWEENEY	BOARD OF DIRECTOR	3.00	Director	$0	$0	$0
JAIME FLOTRE	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
PETRA HAYNES	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE WATERS	BOARD OF DIRECTOR	3.00	Director	$0	$0	$0
JEAN CARD	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
KARIN THELIN	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KRANZLER	PRESIDENT	8.00	Officer Director	$0	$0	$0
KIM CHORNEY	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
KIM HASTINGS	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
LESLIE PALUMBO GODIKSEN	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
LINDALEA LUDWICK	BOARD OF DIRECTOR	3.00	Director	$0	$0	$0
LISA CARR	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
LIZ NACE	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
MICHELE FREUND	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
NEIL PUTMAN	TREASURER	8.00	Officer Director	$0	$0	$0
MELISSA HARTMANN	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE LESNIK	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE CARBONE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS TEARE	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
STEVE FUEST	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
TOM VIRGULTO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY HAMBOR	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DORRY PALMER	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
KATE PATLA	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$260,046	$244,675	$1,517,011	$15,371
2023	$185,940	$176,617	$1,473,575	$9,323
2022	$283,459	$160,573	$1,405,141	$122,886
2021	$195,061	$149,196	$1,520,425	$45,865
2020	$149,489	$133,176	$1,294,793	$16,313
2019	$196,379	$139,916	$1,310,518	$56,463
2018	$158,363	$134,514	$1,249,267	$23,849

MADISON ABC PROGRAM INC