THE MILWAUKEE SCIENCE EDUCATION CONSORTIUM INC

EIN: 391974865 501(c)(3) Education

MILWAUKEE, WI

Total Revenue
$30,321,540
Total Expenses
$23,629,449
Total Assets
$33,484,395
Net Assets
$15,707,775
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
WI
Principal Officer
ANTHONY MCHENRY
Phone
4149330302
Tax Period
2023-07-01 to 2024-06-30

THE MILWAUKEE SCIENCE EDUCATION CONSORTIUM INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $30.3M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 22% operating margin.

Mission

THE MISSION OF THE MILWAUKEE ACADEMY OF SCIENCE, AN EXEMPLARY LEADER IN INNOVATIVE SCIENCE EDUCATION THAT MAXIMIZES THE POTENTIAL OF EACH YOUNG MIND, IS TO GRADUATE URBAN STUDENTS PREPARED TO COMPETE SUCCESSFULLY IN SCIENCE AT THE POST-SECONDARY LEVEL, BY PROVIDING A RIGOROUS 21ST CENTURY CURRICULUM TAUGHT BY MASTER EDUCATORS IN COLLABORATION WITH STUDENTS, FAMILIES, STAFF, AND THE COMMUNITY.

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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 $26,330,391
Program Service Revenue $36,662
Investment Income $272,223
Other Revenue $3,682,264
TOTAL REVENUE $30,321,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,153,010
Fundraising Expenses $203,501
Program Expenses $20,303,502
Other Expenses $11,476,439
TOTAL EXPENSES $23,629,449

Year-over-Year Comparison

2023 2022 Change
Revenue $30,321,540 $22,915,764 +0.3%
Expenses $23,629,449 $23,351,827 +0.0%
Net Income $6,692,091 $-436,063 -16.3%
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
20
Independent Members
19
Employees
254
Volunteers
45

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
6
$334,010
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL REITMAN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KATHRYN KUHN VICE CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM SCHOYER TREASURER 1.00
Officer Director
$0 $0 $0
COREY SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
JENNIFER BOLGER BRECEDA BOARD MEMBER 1.00
Director
$0 $0 $0
CLAVON BYRD BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN DANIELS BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN FRIEDLEN BOARD MEMBER 1.00
Director
$0 $0 $0
KEELEY HAYES BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN HOSSENLOPP BOARD MEMBER 1.00
Director
$0 $0 $0
FREDERICK JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL JESSUP BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER JETER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER LAYDEN FORMER BOARD CHAIR 1.00
Director
$0 $0 $0
KEVIN MALANEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN RAYMOND MD BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE RICHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
AJAY SAHAJPAL BOARD MEMBER 1.00
Director
$0 $0 $0
JAY SANDLOW MD BOARD MEMBER 1.00
Director
$0 $0 $0
SHARONDA WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY MCHENRY CHIEF EXECUTIVE OFFICER 60.00
Officer
$190,338 $21,786 $212,124
PAT CORNETT CFO (THRU FEB 2024) 60.00
Officer
$113,933 $7,953 $121,886
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 No data No data No data No data
2024 $30,321,540 $23,629,449 $33,484,395 $6,692,091
2023 $22,915,764 $23,351,827 $31,787,732 $-436,063
2022 $18,701,164 $16,676,417 $22,408,763 $2,024,747
2021 $16,479,194 $13,032,251 $19,246,549 $3,446,943
2020 $13,229,988 $12,619,869 $15,303,965 $610,119
2019 $11,783,540 $11,773,594 $14,974,816 $9,946
2018 $11,222,038 $10,839,615 $14,763,942 $382,423
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