CITY FORWARD COLLECTIVE 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

1992

Legal Domicile

Principal Officer

JOE GESSNER

Phone

4149885359

Tax Period

2024-07-01 to 2025-06-30

CITY FORWARD COLLECTIVE INC, founded in 1992, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 37% operating margin.

Mission

CFC'S MISSION IS TO SECURE THE FUTURE OF MILWAUKEE AND ITS INSTITUTIONS, ECONOMY, AND QUALITY OF LIFE BY ENDING EDUCATIONAL INEQUITY AND ENSURING EVERY CHILD HAS THE OPPORTUNITY TO ATTEND A HIGH-QUALITY SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $497,933 Revenue: $16,246

ECOSYSEM TRANSFORMATION (FORMERLY HIGH-QUALITY SCHOOLS) - STRATEGICALLY INVEST AND CHANNEL PHILANTHROPIC DOLLARS TO EXPAND EXISTING HIGH-QUALITY SCHOOLS, INCUBATE NEW SCHOOLS, AND IMPROVE PROMISING SCHOOLS. IN 2021 THIS ALSO INCLUDED PROVIDING GRANTS AND ADDITIONAL RESOURCES AND SUPPORT TO SCHOOLS TO ASSIST WITH COVID-19 RESPONSE.

Program 2

Expenses: $1,001,384

STAKEHOLDER ENGAGEMENT AND MOBILIZATION (FORMERLY FAMILY AND COMMUNITY ORGANIZING AND COMMUNITY - INFORMED POLICY) - FACILITATE SUSTAINED FAMILY AND COMMUNITY ORGANIZING TO BUILD A MOVEMENT OF...

STAKEHOLDER ENGAGEMENT AND MOBILIZATION (FORMERLY FAMILY AND COMMUNITY ORGANIZING AND COMMUNITY - INFORMED POLICY) - FACILITATE SUSTAINED FAMILY AND COMMUNITY ORGANIZING TO BUILD A MOVEMENT OF MILWAUKEE PARENTS AND OTHER RESIDENTS WHO UNDERSTAND AND ADVOCATE FOR QUALITY SCHOOLS ACROSS MILWAUKEE. ADVOCATE FOR LOCAL AND STATE POLICIES AND SYSTEMS THAT ELIMINATE EDUCATIONAL INEQUITIES AND ENSURE HIGH-QUALITY SCHOOLS THRIVE; MOBILIZE "GRASSROOT" COMMUNITIES AND CREATE COALITIONS WITH "GRASSTOP" LEADERS TO ACHIEVE POSITIVE CHANGE.

Program 3

Expenses: $369,352 Revenue: $142,868

POLICY AND ADVOCACY - THIS PROGRAM WORKS FOR FURTHER THE ORGANIZATION'S CHARITABLE MISSION BY ADVANCING PUBLIC POLICIES THAT ARE RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE.

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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 $3,838,914

Program Service Revenue $159,114

Investment Income $214,812

Other Revenue $618

TOTAL REVENUE $4,213,458

Expense Breakdown

Grants Paid $480,000

Salaries & Benefits $876,268

Fundraising Expenses $147,225

Program Expenses $2,237,791

Other Expenses $1,301,187

TOTAL EXPENSES $2,657,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,213,458	$1,867,548	+1.3%
Expenses	$2,657,455	$1,606,628	+0.7%
Net Income	$1,556,003	$260,920	+5.0%

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

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

$217,348

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE GESSNER	TREASURER	1.00	Officer Director	$0	$0	$0
TIMOTHY SHEEHY	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT ARZBAECHER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ALDANA	DIRECTOR	1.00	Director	$0	$0	$0
TOMAS CLASEN	DIRECTOR	1.00	Director	$0	$0	$0
LAFAYETTE CRUMP	DIRECTOR	1.00	Director	$0	$0	$0
HANS DAWSON	DIRECTOR	1.00	Director	$0	$0	$0
NANCY HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE DIXON	DIRECTOR	1.00	Director	$0	$0	$0
MARY KELLNER	DIRECTOR	1.00	Director	$0	$0	$0
DONALD LAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
KAMEELAH SHAHEED-DIALLO	DIRECTOR	1.00	Director	$0	$0	$0
STEVE RADKE	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN RAMIREZ	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
COLLESTON MORGAN JR	EXECUTIVE DIRECTOR	40.00	Officer	$209,651	$7,697	$217,348
SPENCER SCHIEN	SENIOR DIRECTOR-STRATEGIC INVESTMENTS	40.00	Highest	$120,951	$9,762	$130,713

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
2025	$4,213,458	$2,657,455	$8,108,478	$1,556,003
2024	No data	No data	No data	No data
2023	$2,713,515	$3,499,132	$6,520,143	$-785,617
2022	$2,212,895	$2,882,237	$6,717,920	$-669,342
2021	$3,379,885	$3,765,365	$7,778,334	$-385,480
2020	$2,614,118	$11,936,863	$8,650,744	$-9,322,745