MILWAUKEE INSTITUTE OF ART & DESIGN INC (EIN 391201561) - 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

1974

Legal Domicile

Principal Officer

JEFFREY MORIN

Phone

4148473231

Tax Period

2024-06-01 to 2025-05-31

MILWAUKEE INSTITUTE OF ART & DESIGN INC, founded in 1974, is a mid-sized nonprofit that reported $40.2M in total revenue in fiscal year 2024.

Mission

THE MILWAUKEE INSTITUTE OF ART AND DESIGN'S MISSION IS TO IGNITE CURIOUS MINDS THROUGH ART, DESIGN AND SERVICE. WE VALUE COURAGE TO SEEK OUR OWN PATH, INTEGRITY TO PURSUE OUR LIVES AND WORK WITH MEANING, KINDNESS TO THOUGHTFULLY ENGAGE WITH OTHERS, COMMUNITY TO POSITIVELY CONTRIBUTE TO THE WORLD AROUND US, INNOVATION TO MEET UNIVERSAL CHALLENGES IN NEW WAYS, AND INCLUSION TO FIND STRENGTH IN DIVERSITY. OUR VISION IS TO BE A GALVANIZED EDUCATIONAL AND CREATIVE COMMUNITY, ADDRESSING UNIVERAL NEEDS THROUGH OUR THOUGHT, DESIGN AND EXPRESSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,196,007

Program Service Revenue $37,294,288

Investment Income $569,019

Other Revenue $92,397

TOTAL REVENUE $40,151,711

Expense Breakdown

Grants Paid $18,648,816

Salaries & Benefits $13,263,043

Fundraising Expenses $496,580

Program Expenses $33,797,539

Other Expenses $7,524,473

TOTAL EXPENSES $39,436,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,151,711	$40,219,166	0.0%
Expenses	$39,436,332	$40,269,893	0.0%
Net Income	$715,379	$-50,727	-15.1%

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

570

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

$516,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANNA TILLISCH	CHAIR	1.00	Officer Director	$0	$0	$0
GEOFFREY MACKEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JASON ALLEN	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA SINGH	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
CASEY DOUGHERTY	TRUSTEE	1.00	Director	$0	$0	$0
DAN SCHROEDER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID COBB	TRUSTEE	1.00	Director	$0	$0	$0
DAVID NELSON	TRUSTEE	1.00	Director	$0	$0	$0
HANS ECKHOLM	TRUSTEE	1.00	Director	$0	$0	$0
JANE KIM STEPHENS	TRUSTEE	1.00	Director	$0	$0	$0
KELLIE HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN RINGGOLD	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLIE WEEKLY	TRUSTEE	1.00	Director	$0	$0	$0
LAURA PECK	TRUSTEE	1.00	Director	$0	$0	$0
LEESA GILLIAM	TRUSTEE	1.00	Director	$0	$0	$0
MADELEINE KELLY LUBAR	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA PEREZ	TRUSTEE	1.00	Director	$0	$0	$0
NEZIH HASANOGLU	TRUSTEE	1.00	Director	$0	$0	$0
NOAH STONE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DUMVILLE	TRUSTEE	1.00	Director	$0	$0	$0
RYAN RAMOS	TRUSTEE	1.00	Director	$0	$0	$0
SARAH SMITH PANCHERI	TRUSTEE	1.00	Director	$0	$0	$0
SARAH ZIMMERMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MORALES	TRUSTEE	1.00	Director	$0	$0	$0
TINA QUEALY	TRUSTEE	1.00	Director	$0	$0	$0
TODD STONE	TRUSTEE	1.00	Director	$0	$0	$0
XAVIER RUFFIN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY MORIN	PRESIDENT	40.00	Officer	$283,269	$37,283	$320,552
DEIDRE ERWIN	VP FINANCIAL AFFAIRS	40.00	Officer	$164,357	$31,577	$195,934
MARK FETHERSTON	VP ENROLLMENT MANAGEMENT	40.00	Highest	$143,665	$24,100	$167,765
TRACY MILKOWSKI	VP INSTITUTIONAL ADVANCEMENT	40.00	Highest	$156,061	$31,181	$187,242
STEVEN HANSEN	VP ACADEMIC AFFAIRS	40.00	Highest	$143,981	$2,808	$146,789

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	$40,151,711	$39,436,332	$28,218,767	$715,379
2024	$40,219,166	$40,269,893	$27,472,971	$-50,727
2023	$39,512,624	$39,634,571	$27,426,794	$-121,947
2022	$42,333,353	$39,228,189	$27,917,955	$3,105,164
2021	$42,104,124	$37,695,070	$27,549,247	$4,409,054
2020	$36,024,765	$33,744,993	$19,436,412	$2,279,772
2019	$29,862,468	$28,984,337	$14,511,833	$878,131

MILWAUKEE INSTITUTE OF ART & DESIGN INC