THE BUSINESS COUNCIL INC

EIN: 391853515 501(c)(3) Philanthropy & Grantmaking

MILWAUKEE, WI

Total Revenue
$3,330,923
Total Expenses
$1,752,131
Total Assets
$1,843,466
Net Assets
$1,843,466
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WI
Principal Officer
MARJORIE RUCKER
Phone
4142874172
Tax Period
2023-01-01 to 2023-12-31

THE BUSINESS COUNCIL INC, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 324% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 47% operating margin.

Mission

PROVIDE SUPPORT AND RESOURCES TO SMALL BUSINESSES

Program Service Accomplishments

Program 1
Expenses: $8,093

PROVIDED SUPPORT & RESOURCES TO THE ETHNICALLY DIVERSE BUSINESS COMMUNITY THROUGH EDUCATION AND TRAINING, CONSOLIDATED RESOURCES AND PROMOTING INCREASE INTERATION WITH BUSINESSES.

Program 2
Expenses: $647,797

TO PROVIDE TECHNICAL ASSISTANCE AND RESOURCES TO EXISTING ETHNIC AND DIVERSE BUSINESSES THAT ARE LOOKING TO GROW THEIR BUSINESS THROUGH ENGAGEMENT WITH SUPPLY CHAINS OR SUPPLIERS DIVERSITY...

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TO PROVIDE TECHNICAL ASSISTANCE AND RESOURCES TO EXISTING ETHNIC AND DIVERSE BUSINESSES THAT ARE LOOKING TO GROW THEIR BUSINESS THROUGH ENGAGEMENT WITH SUPPLY CHAINS OR SUPPLIERS DIVERSITY INITIATIVES.

Program 3
Expenses: $1,081,817

TO PROVIDE TECHNICAL ASSISTANCE TO OTHER CHAMBERS OF COMMERCE, FINANCIAL ASSISTANCE PROVIDERS AND ETHNIC AND DIVERSE BUSINESSES THROUGHT THE STATE OF WISCONSIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,386,598
Program Service Revenue $0
Investment Income $0
Other Revenue $-55,675
TOTAL REVENUE $3,330,923

Expense Breakdown

Grants Paid $0
Salaries & Benefits $288,951
Fundraising Expenses $1,824
Program Expenses $1,737,707
Other Expenses $1,463,180
TOTAL EXPENSES $1,752,131

Year-over-Year Comparison

2023 2022 Change
Revenue $3,330,923 $786,185 +3.2%
Expenses $1,752,131 $575,940 +2.0%
Net Income $1,578,792 $210,245 +6.5%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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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
4
Independent Members
4
Employees
5
Volunteers
8

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
$159,586
Total Directors
5
$159,586
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARJORIE RUCKER DIRECTOR 40.00
Officer Director
$142,169 $0 $159,586
UGO NWAGBARAOCHA CHAIR 1.00
Officer Director
$0 $0 $0
DARREN FISHER BOARD MEMBER 1.00
Officer Director
$0 $0 $0
SEAPHES MILLER BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MINOO SEIFODDMI BOARD MEMBER 1.00
Officer 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 No data No data No data No data
2023 $3,330,923 $1,752,131 $1,843,466 $1,578,792
2022 $786,185 $575,940 $264,674 $210,245
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