MILWAUKEE SCHOOL OF ENGINEERING (EIN 390477970) - 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

1903

Legal Domicile

Principal Officer

JOHN Y WALZ PH D

Phone

4142777300

Tax Period

2022-07-01 to 2023-06-30

MILWAUKEE SCHOOL OF ENGINEERING, founded in 1903, is a major nonprofit in the Education sector that reported $171.1M in total revenue in fiscal year 2022. Expenses of $165.9M left a modest 3% surplus.

Mission

MILWAUKEE SCHOOL OF ENGINEERING (THE "UNIVERSITY") IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL FOR MEN AND WOMEN IN THE DISCIPLINES OF ENGINEERING, BUSINESS, MATHEMATICS, AND NURSING. MILWAUKEE SCHOOL OF ENGINEERING IS THE UNIVERSITY OF CHOICE FOR THOSE SEEKING AN INCLUSIVE COMMUNITY OF EXPERIENTIAL LEARNERS DRIVEN TO SOLVE THE COMPLEX CHALLENGES OF TODAY AND TOMORROW.

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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 (2022)

Revenue Breakdown

Contributions & Grants $27,587,679

Program Service Revenue $136,616,373

Investment Income $5,386,321

Other Revenue $1,517,198

TOTAL REVENUE $171,107,571

Expense Breakdown

Grants Paid $74,663,161

Salaries & Benefits $51,491,495

Fundraising Expenses $1,960,470

Program Expenses $160,675,915

Other Expenses $39,734,896

TOTAL EXPENSES $165,889,552

Year-over-Year Comparison

	2022	2021	Change
Revenue	$171,107,571	$169,996,674	+0.0%
Expenses	$165,889,552	$160,565,929	+0.0%
Net Income	$5,218,019	$9,430,745	-0.4%

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

1616

Volunteers

443

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

$2,464,835

Total Directors

$709,424

Key Employees

$1,142,288

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WALZ	PRESIDENT	50.00	Officer Director	$671,121	$38,303	$709,424
JAMES C RAHN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL J MOCERI	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN A MELLOWES	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT J HILLIS	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT MOON	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
G WOODROW ADKINS	BOARD OF REGENTS	1.00	Director	$0	$0	$0
JOHN J ALLEN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
MICHAEL J BARBER	BOARD OF REGENTS	1.00	Director	$0	$0	$0
STEVEN G BOOTH	BOARD OF REGENTS	1.00	Director	$0	$0	$0
KENDALL G BREUNIG	BOARD OF REGENTS	1.00	Director	$0	$0	$0
MATTHEW M BUROW	BOARD OF REGENTS	1.00	Director	$0	$0	$0
JOHN L CAIN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
ALLEN J CARLSON	BOARD OF REGENTS	1.00	Director	$0	$0	$0
BERNARD A COHEN PHD	BOARD OF REGENTS	1.00	Director	$0	$0	$0
BRIAN W COOKE	BOARD OF REGENTS	1.00	Director	$0	$0	$0
DWIGHT D DIERCKS	BOARD OF REGENTS	1.00	Director	$0	$0	$0
JOHN E DUNCAN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
WILLIAM E EDSTROM JR	BOARD OF REGENTS	1.00	Director	$0	$0	$0
KEVIN FLETCHER	BOARD OF REGENTS	1.00	Director	$0	$0	$0
PATRICK FORSYTHE	BOARD OF REGENTS	1.00	Director	$0	$0	$0
RICHARD A GALLING	BOARD OF REGENTS	1.00	Director	$0	$0	$0
TOM GLAISTER	BOARD OF REGENTS	1.00	Director	$0	$0	$0
DUDLEY J GODFREY III	BOARD OF REGENTS	1.00	Director	$0	$0	$0
KARL GOUVERNEUR	BOARD OF REGENTS	1.00	Director	$0	$0	$0
JAMES P GRIFFIN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
ECKHART G GROHMANN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
STIG F HAAGENSEN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
NICHOLAS A HAEMEL	BOARD OF REGENTS	1.00	Director	$0	$0	$0
THOMAS J HAUSKE JR	BOARD OF REGENTS	1.00	Director	$0	$0	$0
MICHAEL E HORA	BOARD OF REGENTS	1.00	Director	$0	$0	$0
RONALD J JENSEN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
SUSAN KAUFMANN NASH	BOARD OF REGENTS	1.00	Director	$0	$0	$0
ROBERT D KERN TERM 112022	BOARD OF REGENTS	1.00	Director	$0	$0	$0
WARD P KOMOROSKI	BOARD OF REGENTS	1.00	Director	$0	$0	$0
JOHN A MELLOWES	BOARD OF REGENTS	1.00	Director	$0	$0	$0
EDWARD W RAETHER	BOARD OF REGENTS	1.00	Director	$0	$0	$0
MICHAEL J READER	BOARD OF REGENTS	1.00	Director	$0	$0	$0
KATHLEEN M RUEHLOW	BOARD OF REGENTS	1.00	Director	$0	$0	$0
ALAN J RUUD	BOARD OF REGENTS	1.00	Director	$0	$0	$0
DONALD SCHLIDT	BOARD OF REGENTS	1.00	Director	$0	$0	$0
JOHN L SCHLIESMANN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
JOHN S SHIELY	BOARD OF REGENTS	1.00	Director	$0	$0	$0
GARY STIMAC	BOARD OF REGENTS	1.00	Director	$0	$0	$0
DAWN TABAT	BOARD OF REGENTS	1.00	Director	$0	$0	$0
LYMAN W TSCHANZ	BOARD OF REGENTS	1.00	Director	$0	$0	$0
PAMELA VIETS	BOARD OF REGENTS	1.00	Director	$0	$0	$0
GARY J VROMAN	BOARD OF REGENTS	1.00	Director	$0	$0	$0
ROBERT A WAGNER	BOARD OF REGENTS	1.00	Director	$0	$0	$0
NEAL K WUNDERLICH	BOARD OF REGENTS	1.00	Director	$0	$0	$0
KEVIN ZABA	BOARD OF REGENTS	1.00	Director	$0	$0	$0
TIMOTHY VALLEY	VP - ENROLLMENT & STUDENT LIFE	50.00	Officer	$260,864	$76,539	$337,403
ERIC BAUMGARTNER	VP - ACADEMICS	50.00	Officer	$283,158	$35,515	$318,673
JEFFREY SNOW	VP - DEVELOPMENT & ALUMNI AFFAIRS	50.00	Officer	$257,142	$32,854	$289,996
STEPHEN WILLIAMS	VP - OPERATIONS	50.00	Officer	$264,743	$20,516	$285,259
SEBASTIAN THACHENKARY	VP - MARKETING & COMMUNITY ENGAGEMENT	50.00	Officer	$181,814	$26,882	$208,696
SEANDRA MITCHELL	VP - STUDENT AFFAIRS & CAMPUS EQUITY	50.00	Officer	$155,660	$15,823	$171,483
PAUL MATSON	VP - FINANCE AND CFO	50.00	Officer	$136,865	$7,036	$143,901
CHRISTOPHER TAYLOR	PROFESSOR, VICE CHAIRMAN	40.00	Key Emp	$219,408	$76,010	$295,418
RONALD GERRITS	PROFESSOR, PROGRAM DIRECTOR	40.00	Key Emp	$208,961	$10,864	$219,825
DEANNA LEITZKE	ASSOCIATE VP OF ACADEMIC EXCELLENCE	40.00	Key Emp	$180,616	$29,889	$210,505
MARK ROUNDS	ASSOCIATE PROFESSOR, PROJECT MANAGER	40.00	Key Emp	$183,224	$27,267	$210,491
SHEILA ROSS	ASSOCIATE PROFESSOR, PROGRAM DIRECTOR	40.00	Key Emp	$175,818	$30,231	$206,049

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	No data	No data	No data	No data
2023	$171,107,571	$165,889,552	$400,399,114	$5,218,019
2022	$169,996,674	$160,565,929	$385,282,772	$9,430,745
2021	$155,662,333	$143,621,690	$400,424,070	$12,040,643
2020	$162,683,432	$140,101,792	$361,504,239	$22,581,640
2019	$149,796,983	$137,848,379	$349,444,245	$11,948,604
2018	$180,492,121	$131,772,480	$337,112,221	$48,719,641

MILWAUKEE SCHOOL OF ENGINEERING