Greater Milwaukee Committee for Community Development (EIN 390749512) - 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

1948

Legal Domicile

Principal Officer

Joel Brennan

Phone

4142720588

Tax Period

2023-01-01 to 2023-12-31

Greater Milwaukee Committee for Community Development, founded in 1948, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

The Greater Milwaukee Committee is a private sector civic organization that aims to contribute to the cultural and economic base of the Milwaukee area. Continued on Schedule O.

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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 $2,432,896

Program Service Revenue $550,413

Investment Income $61,231

Other Revenue $-21,819

TOTAL REVENUE $3,022,721

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $1,579,360

Fundraising Expenses $77,919

Program Expenses $2,497,434

Other Expenses $1,880,026

TOTAL EXPENSES $3,549,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,022,721	$2,456,390	+0.2%
Expenses	$3,549,386	$2,712,635	+0.3%
Net Income	$-526,665	$-256,245	+1.1%

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

Volunteers

100

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

$396,075

Total Directors

$396,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Brennan	President	040.00	Officer Director	$349,630	$46,445	$396,075
Joel Poeschl	Employee	040.00	Highest	$122,818	$22,433	$145,251
Margaret Dauss	Employee	040.00	Highest	$101,919	$30,489	$132,408
Laura Bolger	Employee	040.00	Highest	$107,640	$13,885	$121,525
Heather Pechacek	Employee	040.00	Highest	$107,000	$6,293	$113,293
Margaret Kelsey	Chair	001.00	Officer Director	$0	$0	$0
Cristy Garcia-Thomas	Secretary	001.00	Officer Director	$0	$0	$0
James Popp	Treasurer	001.00	Officer Director	$0	$0	$0
David Anderson	Board Member	001.00	Director	$0	$0	$0
JoAnne Anton	Board Member	001.00	Director	$0	$0	$0
Daniel Bader	Board Member	001.00	Director	$0	$0	$0
Elizabeth Brenner	Board Member	001.00	Director	$0	$0	$0
Tina Chang	Board Member	001.00	Director	$0	$0	$0
John Daniels Jr	Board Member	001.00	Director	$0	$0	$0
Ellen Gilligan	Board Member	001.00	Director	$0	$0	$0
Cecelia Gore	Board Member	001.00	Director	$0	$0	$0
Ted Kellner	Board Member	001.00	Director	$0	$0	$0
Mike Lovell	Board Member	001.00	Director	$0	$0	$0
David Lubar	Board Member	001.00	Director	$0	$0	$0
Gregory Marcus	Board Member	001.00	Director	$0	$0	$0
Linda Mellowes	Board Member	001.00	Director	$0	$0	$0
Wayne Morgan	Board Member	001.00	Director	$0	$0	$0
George Oliver	Board Member	001.00	Director	$0	$0	$0
Jonas Prising	Board Member	001.00	Director	$0	$0	$0
Mark Sabljak	Board Member	001.00	Director	$0	$0	$0
John Schlifske	Board Member	001.00	Director	$0	$0	$0
Nancy Sennett	Board Member	001.00	Director	$0	$0	$0
Mary Ellen Stanek	Board Member	001.00	Director	$0	$0	$0
Gregory Wesley	Board Member	001.00	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	No data	No data	No data	No data
2023	$3,022,721	$3,549,386	$1,823,500	$-526,665
2022	$2,456,390	$2,712,635	$2,845,531	$-256,245
2021	$2,737,172	$2,455,857	$2,508,704	$281,315
2020	$2,754,472	$2,473,209	$1,814,049	$281,263
2019	$2,970,292	$2,456,025	$2,680,415	$514,267
2018	$2,667,255	$2,520,736	$869,214	$146,519

Greater Milwaukee Committee for Community Development