MILWAUKEE LGBT COMMUNITY CENTER INC (EIN 391893808) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

RITCHIE T MARTIN JR

Phone

4142712656

Tax Period

2023-01-01 to 2023-12-31

MILWAUKEE LGBT COMMUNITY CENTER INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $899K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE MISSION OF THE MILWAUKEE LGBT COMMUNITY CENTER IS TO FURTHER DEVELOP OUR VIBRANT LGBT COMMUNITY IN THE GREATER MILWAUKEE AREA, THUS IMPROVING THE QUALITY OF LIFE FOR ALL OF US.

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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 $901,824

Program Service Revenue $3,956

Investment Income $0

Other Revenue $-7,267

TOTAL REVENUE $898,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,585

Fundraising Expenses $68,034

Program Expenses $1,012,560

Other Expenses $405,314

TOTAL EXPENSES $1,210,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$898,513	$1,053,491	-0.1%
Expenses	$1,210,899	$1,078,663	+0.1%
Net Income	$-312,386	$-25,172	+11.4%

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

580

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

$86,304

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HARROUN	TREASURER	1.00	Officer Director	$0	$0	$0
DESHANDA CLARK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KESHONDA WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
RON HALL	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CHAREWICZ	DIRECTOR	1.00	Director	$0	$0	$0
AMY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MCARTHUR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MANNY MUNOZ	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FLAHERTY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HENNING	DIRECTOR	1.00	Director	$0	$0	$0
MARCO BRICENO	DIRECTOR	1.00	Director	$0	$0	$0
DEVIN HAYES	DIRECTOR	1.00	Director	$0	$0	$0
RITCHIE MARTIN JR	INTERIM DIRECTOR	40.00	Officer	$6,000	$0	$6,000
KEVIN TURNER-ESPINOZA	PART-YEAR EXECUTIVE DIRECTOR	40.00	Officer	$72,397	$7,907	$80,304

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	$898,513	$1,210,899	$1,615,683	$-312,386
2022	$1,053,491	$1,078,663	$2,023,666	$-25,172
2021	$840,168	$860,131	$511,214	$-19,963
2020	$1,014,313	$884,612	$504,683	$129,701
2019	$842,661	$866,394	$379,187	$-23,733
2018	$850,392	$761,213	$404,678	$89,179

MILWAUKEE LGBT COMMUNITY CENTER INC