Milwaukee Center For Independence Inc (EIN 390806257) - 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

1946

Legal Domicile

Principal Officer

Bridget Fassett

Phone

4149372020

Tax Period

2023-01-01 to 2023-12-31

Milwaukee Center For Independence Inc, founded in 1946, is a mid-sized nonprofit in the Human Services sector that reported $42.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $48.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

Partnering with people of all abilities to advance their total health.

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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 $3,533,188

Program Service Revenue $39,414,691

Investment Income $232,555

Other Revenue $-787,085

TOTAL REVENUE $42,393,349

Expense Breakdown

Grants Paid $2,248,000

Salaries & Benefits $21,418,964

Fundraising Expenses $87,619

Program Expenses $43,585,961

Other Expenses $24,994,812

TOTAL EXPENSES $48,661,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,393,349	$38,969,920	+0.1%
Expenses	$48,661,776	$44,433,391	+0.1%
Net Income	$-6,268,427	$-5,463,471	+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

N/A

Employees

703

Volunteers

N/A

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

$781,774

Total Directors

$781,774

Key Employees

$409,845

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zywicki Teri	CEO/President	40.00	Officer Director	$454,355	$53,763	$508,118
Fassett Bridget	CFO/Treasurer	40.00	Officer Director	$232,473	$41,183	$273,656
Chada Heidi	VP Nutrition and Employment Services	45.00	Key Emp	$178,783	$41,049	$219,832
Chianelli John	VP Whole Health Clinical Grpoup	45.00	Key Emp	$168,308	$21,705	$190,013
Williams Christopher	Chief Strategy and Operations Officer	1.00	Highest	$184,369	$32,614	$216,983
Latherow Pamela Lee	Chief Information Officer	1.00	Highest	$163,738	$19,820	$183,558
Jackson Becky	VP Home and Community Based Services	1.00	Highest	$150,694	$15,575	$166,269
Martinek Ann	Controller	1.00	Highest	$137,808	$17,088	$154,896
Kutcher Michelle	Managing Pharmacist	1.00	Highest	$129,431	$37,285	$166,716

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	$42,393,349	$48,661,776	$27,608,753	$-6,268,427
2022	$38,969,920	$44,433,391	$37,904,772	$-5,463,471
2021	$42,699,673	$44,192,573	$37,673,819	$-1,492,900
2020	$42,016,455	$46,139,516	$43,810,586	$-4,123,061
2019	$47,904,041	$48,664,454	$37,757,736	$-760,413

Milwaukee Center For Independence Inc