HISTORIC MILWAUKEE INC (EIN 391212338) - 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

TIM COTTER

Phone

4142777795

Tax Period

2024-01-01 to 2024-12-31

HISTORIC MILWAUKEE INC, founded in 1974, is a small nonprofit that reported $488K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $544K exceeded revenue, resulting in a 12% operating deficit.

Mission

HISTORIC MILWAUKEE, INC (HMI) IS A PRIVATE, NON-PROFIT EDUCATIONAL ORGANIZATION, FOUNDED IN 1974, WHOSE MISSION IS DEDICATED TO INCREASING AWARENESS OF, AND COMMITMENT TO MILWAUKEE'S HISTORY, ARCHITECTURE, AND THE PRESERVATION OF OUR BUILT ENVIRONMENT.

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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 $268,572

Program Service Revenue $194,549

Investment Income $1,177

Other Revenue $23,561

TOTAL REVENUE $487,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,425

Fundraising Expenses $115,819

Program Expenses $296,004

Other Expenses $270,962

TOTAL EXPENSES $544,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,859	$438,884	+0.1%
Expenses	$544,387	$477,276	+0.1%
Net Income	$-56,528	$-38,392	+0.5%

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

400

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

$89,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM COTTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIRSTEN THOMPSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN HATZUNG	SECRETARY	1.00	Officer Director	$0	$0	$0
AHMAD OMARI	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER BUCHANAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KARIN CENSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEWART DEMPSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GRIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
MASON KHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE KESSEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANEEKA WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH WIRTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BRZECZKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DARLENE REINA	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY SWADISH KOSMATKA	EXECUTIVE DIR.	40.00	Officer	$87,147	$2,614	$89,761

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	$487,859	$544,387	$380,938	$-56,528
2023	$438,884	$477,276	$466,144	$-38,392
2022	$492,442	$490,577	$519,369	$1,865
2021	$483,109	$466,322	$376,782	$16,787
2020	$437,182	$392,241	$349,244	$44,941
2019	$448,172	$444,324	$304,458	$3,848
2018	$379,781	$373,487	$284,801	$6,294

HISTORIC MILWAUKEE INC