THE PARENTING NETWORK INC

EIN: 391312225 501(c)(3) Crime & Legal

MILWAUKEE, WI

Total Revenue
$1,502,692
Total Expenses
$1,564,354
Total Assets
$746,186
Net Assets
$677,733
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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
WI
Principal Officer
BOB MCCORMICK
Phone
4146710566
Tax Period
2024-01-01 to 2024-12-31

THE PARENTING NETWORK INC, founded in 1976, is a community nonprofit in the Crime & Legal sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

SINCE 1977, THE PARENTING NETWORK (TPN) HAS SERVED FAMILIES THROUGHOUT THE GREATER MILWAUKEE COMMUNITY WITH ITS MISSION TO STRENGTHEN FAMILIES AND TO PREVENT CHILD ABUSE. CHILD ABUSE IS LARGELY PREVENTABLE WHEN PARENTS HAVE RELIABLE SUPPORT SYSTEMS AND ADEQUATE RESOURCES TO ADDRESS CHALLENGES AND CRISES. THE PRIMARY GOAL FOR AGENCY SERVICES IS TO INCREASE THE CAPACITY OF ANYONE IN A PARENTING ROLE TO PROVIDE SAFE, HEALTHY, NURTURING ENVIRONMENTS FOR THE CHILDREN IN THEIR CARE. IN 2003, THE AGENCY EXPANDED ITS PREVENTION ACTIVITIES TO INCLUDE YOUTH. EDUCATING AND EMPOWERING YOUTH TO MAKE HEALTHY LIFE CHOICES IS A SECONDARY GOAL DIRECTLY CONNECTED TO OUR MISSION. THE PARENTING NETWORK IS A WELL-ESTABLISHED AGENCY THAT SERVES A DIVERSE POPULATION AND IS CULTURALLY INCLUSIVE. THE STAFF, BOARD AND VOLUNTEER COMPOSITION REFLECTS THE DIVERSITY OF THOSE WE SERVE. TPN SERVES AN ESTIMATED 8,000 PROGRAM PARTICIPANTS ANNUALLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,426,703
Program Service Revenue $55,129
Investment Income $11,846
Other Revenue $9,014
TOTAL REVENUE $1,502,692

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,238,562
Fundraising Expenses $1,905
Program Expenses $1,351,310
Other Expenses $325,792
TOTAL EXPENSES $1,564,354

Year-over-Year Comparison

2024 2023 Change
Revenue $1,502,692 $1,714,047 -0.1%
Expenses $1,564,354 $1,506,390 +0.0%
Net Income $-61,662 $207,657 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
25
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
6
$149,995
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE FELKER EXECUTIVE DIR. 40.00
Officer
$135,071 $14,924 $149,995
RICHARD TRANER PRESIDENT 1.00
Officer Director
$0 $0 $0
JOY HAMMOND CO-PRESIDENT 1.00
Officer Director
$0 $0 $0
RAYMOND FARRELL CO-PRESIDENT 1.00
Officer Director
$0 $0 $0
BOB MCCORMICK TREASURER 1.00
Officer Director
$0 $0 $0
WHITNEE SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT KRIEGHOFF PAST-PRESIDENT 1.00
Director
$0 $0 $0
ALLYSON SCHRADER DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN CARLSON PAST-PRESIDENT 1.00
Director
$0 $0 $0
ROBYN SPIERING DIRECTOR 1.00
Director
$0 $0 $0
HECTOR HERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS LEMKE DIRECTOR 1.00
Director
$0 $0 $0
LORI MUENCH DIRECTOR 1.00
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 $1,502,692 $1,564,354 $746,186 $-61,662
2023 $1,714,047 $1,506,390 $825,782 $207,657
2022 $1,326,970 $1,423,775 $741,721 $-96,805
2021 $1,416,976 $1,297,729 $824,180 $119,247
2020 $1,085,265 $1,147,212 $707,428 $-61,947
2019 $1,121,148 $1,195,778 $760,800 $-74,630
2018 $1,487,666 $1,258,603 $833,632 $229,063
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