SHERMAN PARK COMMUNITY ASSOCIATION INC

EIN: 237281891 501(c)(3)

MILWAUKEE, WI

Total Revenue
$635,543
Total Expenses
$752,432
Total Assets
$133,040
Net Assets
$133,040
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
WI
Principal Officer
DEBORAH FORD-LEWIS
Phone
4144449803
Tax Period
2024-01-01 to 2024-12-31

SHERMAN PARK COMMUNITY ASSOCIATION INC, founded in 1971, is a small nonprofit that reported $636K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $752K exceeded revenue, resulting in a 18% operating deficit.

Mission

To identify and publicize the advantages of the geographical area in which the Association operates, exploring and promoting innovative projects which will initiate action designed to promote integrated urban living.

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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 $615,823
Program Service Revenue $9,351
Investment Income $16
Other Revenue $10,353
TOTAL REVENUE $635,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,610
Fundraising Expenses $13,470
Program Expenses $626,851
Other Expenses $647,822
TOTAL EXPENSES $752,432

Year-over-Year Comparison

2024 2023 Change
Revenue $635,543 $540,958 +0.2%
Expenses $752,432 $397,346 +0.9%
Net Income $-116,889 $143,612 -1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
4
Volunteers
431

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
4
$0
Total Directors
11
$42,142
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MABEL LAMB EXECUTIVE DIRECTOR 40.00
Director
$42,142 $0 $42,142
JACQUELYN RICE PRESIDENT 2.00
Officer Director
$0 $0 $0
LILLIAN KARKOSKI VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
STACY MCSWAIN SECRETARY 2.00
Officer Director
$0 $0 $0
ANDREA ESTRADA TREASURER 2.00
Officer Director
$0 $0 $0
FELICE GREEN DIRECTOR 2.00
Director
$0 $0 $0
LEAH HOLLOWAY DIRECTOR 2.00
Director
$0 $0 $0
GWENDOLYN JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
LESLIE POSEY DIRECTOR 2.00
Director
$0 $0 $0
THOMAS LITTLEMANN FORMER - ROTATED OFF BOARD IN 2024 2.00
Director
$0 $0 $0
MARCIA TAYLOR FORMER - ROTATED OFF BOARD IN 2024 2.00
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
2024 $635,543 $752,432 $133,040 $-116,889
2023 $540,958 $397,346 $259,681 $143,612
2022 $450,392 $403,716 $115,902 $46,676
2021 $320,232 $391,765 $131,584 $-71,533
2020 $451,274 $349,791 $151,697 $101,483
2019 $367,583 $393,420 $101,984 $-25,837
2018 $467,664 $471,594 $80,378 $-3,930
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