INNER CITY REDEVELOPMENT CORPORATION INC (EIN 391333817) - 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

1978

Legal Domicile

Principal Officer

J ALLEN STOKES

Phone

4142765285

Tax Period

2024-01-01 to 2024-12-31

INNER CITY REDEVELOPMENT CORPORATION INC, founded in 1978, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $79K exceeded revenue, resulting in a 115% operating deficit.

Mission

TO PROMOTE THE REVITALIZATION OF DESIGNATED TARGET AREAS IN THE URBAN CENTER OF MILWAUKEE, WISCONSIN THROUGH CREATIVE COORDINATED COLLABORATION WITH LOCAL COMMUNITY GROUPS, FOUNDATIONS, PRIVATE ORGANIZATIONS AND PUBLIC ENTITIES.

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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 $0

Program Service Revenue $13,000

Investment Income $23,544

Other Revenue $0

TOTAL REVENUE $36,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,500

Fundraising Expenses $0

Program Expenses $60,500

Other Expenses $18,170

TOTAL EXPENSES $78,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,544	$47,621	-0.2%
Expenses	$78,670	$78,741	0.0%
Net Income	$-42,126	$-31,120	+0.4%

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

N/A

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

$60,500

Total Directors

$60,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J ALLEN STOKES	PRESIDENT	40.00	Officer Director	$48,500	$0	$48,500
JERELL JONES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LEWIS STOKES	VICE PRESIDENT	20.00	Officer Director	$12,000	$0	$12,000
DEMETRIA WHITE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LEIF OTTESON	DIRECTOR	1.00	Director	$0	$0	$0
RICK BANKS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STOKES	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	$36,544	$78,670	$481,583	$-42,126
2023	$47,621	$78,741	$523,709	$-31,120
2022	$57,993	$83,122	$556,829	$-25,129
2021	$58,311	$69,485	$591,958	$-11,174
2020	$115,138	$75,005	$613,132	$40,133
2019	$114,813	$75,747	$1,074,312	$39,066
2018	$132,621	$80,658	$1,045,246	$51,963

INNER CITY REDEVELOPMENT CORPORATION INC