MILWAUKEE BAR ASSOCIATION INC

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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

1979

Legal Domicile

Principal Officer

SARAH MARTIS

Phone

4142746760

Tax Period

2023-01-01 to 2023-12-31

MILWAUKEE BAR ASSOCIATION INC, founded in 1979, is a small nonprofit that reported $579K in total revenue in fiscal year 2023. Expenses of $710K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSION OF THE MILWAUKEE BAR ASSOCIATION IS TO BE AN INCLUSIVE, EQUITABLE AND DIVERSE ORGANIZATION THAT SERVES THE INTERESTS OF THE LAWYERS, JUDGES AND THE PEOPLE OF MILWAUKEE COUNTY BY WORKING TO PROMOTE THE PROFESSIONAL INTERESTS OF THE LOCAL BENCH AND BAR; ENCOURAGE COLLEGIALITY, PUBLIC SERVICE AND PROFESSIONALISM ON THE PART OF THE LAWYERS OF SOUTHEASTERN WISCONSIN; IMPROVE ACCESS TO JUSTICE FOR THOSE LIVING AND WORKING IN MILWAUKEE COUNTY; SUPPORT THE COURTS OF MILWAUKEE COUNTY IN THE ADMINISTRATION OF JUSTICE; AND INCREASE PUBLIC AWARENESS OF THE CRUCIAL ROLE THAT THE LAW PLAYS IN THE LIVES OF THE PEOPLE OF MILWAUKEE COUNTY.

Program Service Accomplishments

Program 1

THE MILWAUKEE BAR ASSOCIATION PROVIDES OVER 100 HOURS OF CONTINUING LEGAL EDUCATION CREDIT TO KEEP ATTORNEYS UPDATED ON NEW PROGRESS IN THE LEGAL FIELD AS WELL AS HELP THEM EARN CREDIT TO MAINTAIN...

THE MILWAUKEE BAR ASSOCIATION PROVIDES OVER 100 HOURS OF CONTINUING LEGAL EDUCATION CREDIT TO KEEP ATTORNEYS UPDATED ON NEW PROGRESS IN THE LEGAL FIELD AS WELL AS HELP THEM EARN CREDIT TO MAINTAIN THEIR LICENSE.

Program 2

THE MILWAUKEE BAR ASSOCIATION'S LAWYER REFERRAL AND INFORMATION SERVICE PROVIDES BOTH ACCESS TO THE PUBLIC TO LOCATE AN APPROPRIATE ATTORNEY TO ASSIST THEM WITH THEIR LEGAL NEEDS AS WELL AS A REVENUE...

Program 3

THE MILWAUKEE BAR ASSOCIATION'S MEETINGS AND EVENTS PROVIDE OPPORTUNTIES FOR MEMBERS TO INTERFACE AND OBTAIN AN IMPORTANT CONNECTION WITH THEIR COLLEAGUES ACROSS LEGAL FIELDS. ATTORNEYS CAN BECOME...

THE MILWAUKEE BAR ASSOCIATION'S MEETINGS AND EVENTS PROVIDE OPPORTUNTIES FOR MEMBERS TO INTERFACE AND OBTAIN AN IMPORTANT CONNECTION WITH THEIR COLLEAGUES ACROSS LEGAL FIELDS. ATTORNEYS CAN BECOME ISOLATED IN THE INCREASINGLY TECHNICAL WORLD AND THE OPPORTUNITY TO CONNECT IS IMPORTANT FOR CAREER GROWTH AS WELL AS MENTAL 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 $1,450

Program Service Revenue $554,224

Investment Income $4,300

Other Revenue $18,783

TOTAL REVENUE $578,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,207

Fundraising Expenses $0

Other Expenses $401,571

TOTAL EXPENSES $709,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,757	$588,155	0.0%
Expenses	$709,778	$685,522	+0.0%
Net Income	$-131,021	$-97,367	+0.3%

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

$121,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON ELLEN BROSTROM	PRESIDENT (THRU JUNE 2023)	1.00	Officer Director	$0	$0	$0
EMIL OVBIAGELE	PRESIDENT (JUNE 2023)	1.00	Officer Director	$0	$0	$0
LEILA SAHAR	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
JOE RUSSELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE WAGNER EBBEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KRISTEN HARDY	DIRECTOR	1.00	Director	$0	$0	$0
AVERY MAYNE	DIRECTOR	1.00	Director	$0	$0	$0
TINA MATIC	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA PAPALEO	DIRECTOR	1.00	Director	$0	$0	$0
MARK GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS REED	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH JAHN	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MARTIS	EXECUTIVE DIRECTOR	40.00	Officer	$96,287	$25,076	$121,363

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	$578,757	$709,778	$1,584,070	$-131,021
2022	$588,155	$685,522	$1,834,073	$-97,367
2021	$531,056	$602,483	$948,020	$-71,427
2020	$556,610	$648,988	$1,245,773	$-92,378
2019	$731,238	$832,090	$1,404,599	$-100,852
2018	$1,266,227	$593,129	$1,641,593	$673,098