DOWNTOWN MADISON INC

EIN: 391422114

MADISON, WI

Total Revenue
$731,298
Total Expenses
$700,901
Total Assets
$446,411
Net Assets
$343,303
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
WI
Principal Officer
JASON ILSTRUP
Phone
6085121330
Tax Period
2024-01-01 to 2024-12-31

DOWNTOWN MADISON INC, founded in 1982, is a small nonprofit that reported $731K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $701K left a modest 4% surplus.

Mission

MAKE DOWNTOWN MADISON AN ECONOMICALLY STRONG, EQUITABLE, INCLUSIVE, AND VIBRANT PLACE TO LIVE, WORK, AND VISIT.

Program Service Accomplishments

Program 1

DOWNTOWN MADISON, INC (DMI) IS COMMITTED TO REPRESENTING THE INTERESTS OF BUSINESSES, RESIDENTS, EMPLOYEES AND VISITORS TO ENSURE THAT DOWNTOWN MADISON IS A GREAT PLACE TO LIVE, WORK, SHOP AND VISIT...

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DOWNTOWN MADISON, INC (DMI) IS COMMITTED TO REPRESENTING THE INTERESTS OF BUSINESSES, RESIDENTS, EMPLOYEES AND VISITORS TO ENSURE THAT DOWNTOWN MADISON IS A GREAT PLACE TO LIVE, WORK, SHOP AND VISIT. DMI CONNECTS DOWNTOWN PARTNERS FOR THE BETTERMENT OF THE CENTRAL CITY. DMI HAS OVER 575 MEMBERS WHO ENJOY MULTIPLE FREE MONTHLY MEMBER PROGRAMS, WHICH PROVIDE EDUCATIONAL PRESENTATION AND NETWORKING OPPORTUNITIES. MEMBERS ALSO RECEIVE A WEEKLY E-NEWSLETTER. DMI ALSO WORKS WITH MADISON'S CENTRAL BUSINESS IMPROVEMENT DISTRICT (BID) TO PROMOTE THE DOWNTOWN RETAIL AREA.

Program 2

DOWNTOWN MADISON, INC. (DMI) ADVOCATES ON BEHALF OF ITS MEMBERS TO LOCAL GOVERNMENT POLITICIANS AND OFFICIALS IN THE AREAS OF ECONOMIC DEVELOPMENT, EQUITY/INCLUSION, QUALITY OF LIFE, AND...

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DOWNTOWN MADISON, INC. (DMI) ADVOCATES ON BEHALF OF ITS MEMBERS TO LOCAL GOVERNMENT POLITICIANS AND OFFICIALS IN THE AREAS OF ECONOMIC DEVELOPMENT, EQUITY/INCLUSION, QUALITY OF LIFE, AND TRANSPORTATION ISSUES.

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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 $378,500
Program Service Revenue $314,027
Investment Income $3,429
Other Revenue $35,342
TOTAL REVENUE $731,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $479,420
Fundraising Expenses $0
Other Expenses $221,481
TOTAL EXPENSES $700,901

Year-over-Year Comparison

2024 2023 Change
Revenue $731,298 $586,755 +0.2%
Expenses $700,901 $651,639 +0.1%
Net Income $30,397 $-64,884 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
49
Independent Members
49
Employees
8
Volunteers
30

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
5
$160,597
Total Directors
49
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET WATSON BOARD CO-CHAIR 1.00
Officer Director
$0 $0 $0
PAM CHRISTENSON BOARD CO-CHAIR 1.00
Officer Director
$0 $0 $0
AMY SUPPLE BOARD VICE-CHAIR 1.00
Officer Director
$0 $0 $0
ANITA MAHAMED TREASURER 1.00
Officer Director
$0 $0 $0
DR RUBAN ANTHONY DIRECTOR 1.00
Director
$0 $0 $0
JULI AULIK DIRECTOR 1.00
Director
$0 $0 $0
ADAM BARR DIRECTOR 1.00
Director
$0 $0 $0
STEFANIE BERG DIRECTOR 1.00
Director
$0 $0 $0
DAVID BRAUN DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH CARDINALE DIRECTOR 1.00
Director
$0 $0 $0
TIM CASPER DIRECTOR 1.00
Director
$0 $0 $0
JEANNIE CULLEN SCHULTZ DIRECTOR 1.00
Director
$0 $0 $0
PAUL CUTA DIRECTOR 1.00
Director
$0 $0 $0
BALTAZAR DE ANDA SANTANA DIRECTOR 1.00
Director
$0 $0 $0
PAUL DOMBROWSKI DIRECTOR 1.00
Director
$0 $0 $0
CHAD ESCHLER DIRECTOR 1.00
Director
$0 $0 $0
MATT GERDING DIRECTOR 1.00
Director
$0 $0 $0
BRENDA GONZALEZ INCLUSIVENESS COMMITTEE CHAIR 1.00
Director
$0 $0 $0
PEGGY GUNDERSON QUALITY OF LIFE COMMITTEE CHAIR 1.00
Director
$0 $0 $0
MELINDA HEINRITZ GOVERNMENT RELATIONS COMMITTEE CHAIR 1.00
Director
$0 $0 $0
ALISON HELLAND DIRECTOR 1.00
Director
$0 $0 $0
TANIA IBARRA DIRECTOR 1.00
Director
$0 $0 $0
MEGAN JERABEK DIRECTOR/EXECUTIVE COMMITTEE MEMBER 1.00
Director
$0 $0 $0
ELI JUDGE DIRECTOR 1.00
Director
$0 $0 $0
WINNIE KARANJA DIRECTOR 1.00
Director
$0 $0 $0
BRIAN LEE MEMBERSHIP DEVELOP. COMMITTEE CHAIR 1.00
Director
$0 $0 $0
DAN KENNELLY DIRECTOR 1.00
Director
$0 $0 $0
TRACI MANN DIRECTOR 1.00
Director
$0 $0 $0
KATHY MARKS DIRECTOR 1.00
Director
$0 $0 $0
JOSH MARRON DIRECTOR 1.00
Director
$0 $0 $0
SANDY MORALES NOMINATING COMMITTEE CHAIR 1.00
Director
$0 $0 $0
ANNE NEUJAHR MORRISON DIRECTOR 1.00
Director
$0 $0 $0
WES MOSMAN BLOCK DIRECTOR 1.00
Director
$0 $0 $0
DAN O'CALLAGHAN DIRECTOR 1.00
Director
$0 $0 $0
BETH PROCHASKA DIRECTOR 1.00
Director
$0 $0 $0
MORGAN RAMAKER KLASS TRANSPORTATION COMMITTEE CHAIR 1.00
Director
$0 $0 $0
KATIE RIST DIRECTOR 1.00
Director
$0 $0 $0
ANGELA RUSSELL DIRECTOR 1.00
Director
$0 $0 $0
MARK RICHARDSON PERSONNEL COMMITTEE CHAIR 1.00
Director
$0 $0 $0
BEN SCHMIDT DIRECTOR 1.00
Director
$0 $0 $0
KARLA THENNES DIRECTOR 1.00
Director
$0 $0 $0
ELI TSAROVSKY DIRECTOR 1.00
Director
$0 $0 $0
JIM TUBBS DIRECTOR 1.00
Director
$0 $0 $0
VIC VILLACREZ DIRECTOR 1.00
Director
$0 $0 $0
CASSIDY WARTENWEILER DIRECTOR 1.00
Director
$0 $0 $0
NATHAN WAUTIER DIRECTOR/EXECUTIVE COMMITTEE MEMBER 1.00
Director
$0 $0 $0
LYNN WOOD DIRECTOR 1.00
Director
$0 $0 $0
MARISA YOUNG DIRECTOR 1.00
Director
$0 $0 $0
ALEX YSQUIERDO DIRECTOR 1.00
Director
$0 $0 $0
JASON ILSTRUP PRESIDENT 40.00
Officer
$145,087 $15,510 $160,597
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 $731,298 $700,901 $446,411 $30,397
2023 $586,755 $651,639 $367,622 $-64,884
2022 $889,630 $907,206 $476,035 $-17,576
2021 $769,092 $874,742 $491,155 $-105,650
2020 $753,418 $804,742 $578,723 $-51,324
2019 $964,718 $721,285 $637,233 $243,433
2018 $664,915 $651,782 $426,028 $13,133
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