30TH STREET INDUSTRIAL CORRIDOR CORP

EIN: 391707616 501(c)(3)

MILWAUKEE, WI

Total Revenue
$735,088
Total Expenses
$609,769
Total Assets
$417,849
Net Assets
$403,082
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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
1998
Legal Domicile
WI
Principal Officer
WILLIE SMITH
Phone
4142171769
Tax Period
2024-01-01 to 2024-12-31

30TH STREET INDUSTRIAL CORRIDOR CORP, founded in 1998, is a small nonprofit that reported $735K in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 17% operating margin.

Mission

THE 30TH STREET INDUSTRIAL CORRIDOR CORPORATION IS DEDICATED TO RESTORING AND MAINTAINING THE ECONOMIC VITALITY OF THE CORRIDOR BY PROMOTING THE MUTUAL INTERESTS OF COMPANIES AND STIMULATING ECONOMIC GROWTH IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $567,959 Revenue: $378,338

PROMOTING THE ECONOMIC DEVELOPMENT OF NEIGHBORHOOD LANDS WITHIN THE 30TH STREET INDUSTRIAL CORRIDOR IN MILWAUKEE, WI.

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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 $356,750
Program Service Revenue $378,338
Investment Income $0
Other Revenue $0
TOTAL REVENUE $735,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $184,696
Fundraising Expenses $0
Program Expenses $567,959
Other Expenses $425,073
TOTAL EXPENSES $609,769

Year-over-Year Comparison

2024 2023 Change
Revenue $735,088 $295,142 +1.5%
Expenses $609,769 $278,997 +1.2%
Net Income $125,319 $16,145 +6.8%
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

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Governance

Voting Members
6
Independent Members
5
Employees
3
Volunteers
7

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
4
$118,333
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WYMAN WINSTON PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRIS BOSTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIE SMITH TREASURER 1.00
Officer Director
$0 $0 $0
ASHANTI HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
MARIA WATTS DIRECTOR 1.00
Director
$0 $0 $0
SEVEON GRENELL DIRECTOR 1.00
Director
$0 $0 $0
CHERYL BLUE EXECUTIVE DIRECTOR 40.00
Officer
$99,998 $18,335 $118,333
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 $735,088 $609,769 $417,849 $125,319
2023 $295,142 $278,997 $292,625 $16,145
2022 $342,849 $292,733 $298,642 $50,116
2021 $284,551 $202,576 $444,850 $81,975
2020 $210,218 $185,557 $370,003 $24,661
2019 $230,776 $232,723 $131,264 $-1,947
2018 $255,656 $243,142 $134,511 $12,514
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