MILWAUKEE DOWNTOWN INC (EIN 391988035) - 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

2000

Legal Domicile

Principal Officer

MATTHEW DORNER

Phone

4142204700

Tax Period

2024-01-01 to 2024-12-31

MILWAUKEE DOWNTOWN INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $419K, a strong 15% operating margin.

Mission

LEAD AND INSPIRE BELIEVERS IN MILWAUKEE TO ENGAGE IN EFFORTS THAT BUILD DOWNTOWN AS THE THRIVING, SUSTAINABLE, INNOVATIVE, AND VIBRANT HEART OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,574,219

Program Service Revenue $58,109

Investment Income $102,453

Other Revenue $5,153

TOTAL REVENUE $2,739,934

Expense Breakdown

Grants Paid $177,166

Salaries & Benefits $395,313

Fundraising Expenses $65,708

Program Expenses $2,151,302

Other Expenses $1,748,140

TOTAL EXPENSES $2,320,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,739,934	$2,585,205	+0.1%
Expenses	$2,320,619	$2,385,148	0.0%
Net Income	$419,315	$200,057	+1.1%

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

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

$309,884

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ULLRICH	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN KENNEDY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMMY BABISCH	PRESIDENT (CHAIR)	1.00	Officer Director	$0	$0	$0
JOHN CREIGHTON	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN BEHL	TREASURER	1.00	Officer Director	$0	$0	$0
ANNETTE ADAMS	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH WEIRICK	CHIEF EXECTIVE OFFICER	10.00	Officer	$0	$47,881	$309,884
MATTHEW DORNER	ECONOMIC DEVELOPMENT DIREC	48.00	Highest	$135,816	$31,362	$167,178

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	$2,739,934	$2,320,619	$3,730,191	$419,315
2023	$2,585,205	$2,385,148	$2,800,580	$200,057
2022	$3,612,284	$3,051,613	$3,198,182	$560,671
2021	$3,234,657	$2,925,889	$2,312,630	$308,768
2020	$2,596,433	$2,605,173	$2,084,286	$-8,740
2019	$3,571,573	$3,376,538	$2,040,166	$195,035
2018	$6,354,387	$5,695,618	$1,911,136	$658,769

MILWAUKEE DOWNTOWN INC