WISCONSIN WOMENS BUSINESS INITIATI… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

WENDY K BAUMANN

Phone

4142635450

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION, founded in 1987, is a mid-sized nonprofit that reported $15.6M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $13.4M left a modest 14% surplus.

Mission

PROVIDE ECONOMIC DEVELOPMENT BY PROVIDING ACCESS TO CAPITAL INCLUDING DIRECT LENDING; ONE ON ONE INDIVIDUALIZED BUSINESS ASSISTANCE; BUSINESS EDUCATION, AND ASSET BUILDING FINANCIAL AWARENESS EDUCATION WITH AN EMPHASIS ON WOMEN, PEOPLE OF COLOR, LOWER INCOMES, AND VETERANS.

Program Service Accomplishments

Program 1

Expenses: $4,285,107 Revenue: $3,601,132

IN FY 2023, WWBIC CLOSED ON 118 LOANS TOTALING $ 9,912,695 DOLLARS IN SMALL BUSINESS AND MICROLOAN PRODUCTS.

Program 2

Expenses: $1,903,115 Revenue: $689,025

IN FY 2023, WWBIC PROVIDED 26,524 COUNSELING AND TRAINING HOURS TO 5,735 ENTREPRENEURS AND POTENTIAL ENTREPRENEURS. THE VETERANS BUSINES OUTREACH CENTER PROGRAM TRAINED 913 VETERANS AND...

IN FY 2023, WWBIC PROVIDED 26,524 COUNSELING AND TRAINING HOURS TO 5,735 ENTREPRENEURS AND POTENTIAL ENTREPRENEURS. THE VETERANS BUSINES OUTREACH CENTER PROGRAM TRAINED 913 VETERANS AND MILITARY-CONNECTED FAMILY MEMBERS. WWBIC'S MAKE YOUR MONEY TALK FINANCIAL CAPABILITY TRAINING GRADUATED 274 INDIVIDUALS AND OPENED 115 MATCHED SAVINGS ACCOUNTS.

Program 3

Expenses: $3,112,263

DURING FY2023, WWBIC ADMINISTERED A DIVERSE BUSINESS INVESTMENT GRANT.

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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 $10,268,314

Program Service Revenue $2,946,751

Investment Income $2,160,106

Other Revenue $213,754

TOTAL REVENUE $15,588,925

Expense Breakdown

Grants Paid $3,644,721

Salaries & Benefits $4,863,676

Fundraising Expenses $233,172

Program Expenses $9,868,505

Other Expenses $4,912,681

TOTAL EXPENSES $13,421,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,588,925	$9,606,906	+0.6%
Expenses	$13,421,078	$9,384,182	+0.4%
Net Income	$2,167,847	$222,724	+8.7%

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

372

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

$378,539

Total Directors

$203,757

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SALOUTOS	PAST CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JOHNNY L MOUTRY JR	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KATHRYN ANDREA	TREASURER	1.00	Officer Director	$0	$0	$0
LORISSA R BANUELOS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATE HILL	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
LISA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCDONAGH	DIRECTOR	1.00	Director	$0	$0	$0
KIP RITCHIE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M STEWART	SECRETARY	1.00	Director	$0	$0	$0
WENDY K BAUMANN	PRESIDENT	40.00	Officer Director	$183,280	$20,477	$203,757
KARIN GALE	DIRECTOR	1.00	Director	$0	$0	$0
JON GAINES	VP BUSINESS AND FINANCE	40.00	Officer	$157,262	$17,520	$174,782
KAMALJIT JACKSON	VP PROGRAMS AND OPERATIONS	40.00	Highest	$153,429	$0	$153,429
CHRISTINA KNUDSEN	VP DEVELOPMENT AND COMMUNI	40.00	Highest	$128,422	$0	$128,422
HEATHER LUX	REGIONAL DIRECTOR - SE	40.00	Highest	$110,050	$0	$110,050
KIMBERLY ZEULI	SMALL BUSINESS FINANCE FOR	40.00	Highest	$214,091	$6,423	$220,514

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	$15,588,925	$13,421,078	$45,798,214	$2,167,847
2022	$9,606,906	$9,384,182	$45,566,731	$222,724
2021	$10,583,804	$9,253,441	$42,014,379	$1,330,363
2020	$11,600,651	$9,704,641	$37,286,201	$1,896,010
2019	$8,786,748	$7,882,609	$28,564,269	$904,139
2018	$6,770,136	$6,441,417	$27,629,265	$328,719

WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION