MILWAUKEE REGIONAL INNOVATION CENTER

EIN: 392076974 501(c)(3) Education

WAUWATOSA, WI

Total Revenue
$1,314,512
Total Expenses
$1,178,631
Total Assets
$8,736,210
Net Assets
$8,472,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
WI
Principal Officer
MARK JOHNSON
Phone
4147781400
Tax Period
2025-01-01 to 2025-12-31

MILWAUKEE REGIONAL INNOVATION CENTER, founded in 2008, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2025. Expenses of $1.2M left a modest 10% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS (1) TO CREATE A CENTER FOR ENCOURAGING ENTREPRENEURSHIP MOTIVATED BY THE DESIRE TO GENERATE NEW EMPLOYMENT OPPORTUNITIES AND STIMULATE DEVELOPMENT; AND (2) TO PURSUE INNOVATION AND DEVELOPMENT OF RESEARCH PRODUCTS FOR THE BENEFIT OF THE MILWAUKEE REGIONAL MEDICAL CENTER, AREA UNIVERSITIES AND TECHNICAL SCHOOLS, AS WELL AS THE MILWAUKEE AREA, THE STATE OF WISCONSIN AND THE REGION; (3) TO SUPPORT AND HOUSE NEW AND DEVELOPING BUSINESSES ENGAGED IN TECHNOLOGY DEVELOPMENT, SCIENTIFIC RESEARCH AND RELATED ACTIVITIES, AND TO MODIFY AND REHABILITATE AND DEVELOP A TECHNOLOGY INNOVATION CENTER TO FURTHER THESE PURPOSES; 4) TO COMPLETE THE DEVELOPMENT OF THE MILWAUKEE COUNTY RESEARCH PARK AND TO MANAGE THE PARK IN ACCORDANCE WITH ITS DECLARATION OF CONVENTS, CONDITIONS, RESTRICTIONS AND DESIGN GUIDELINES; AND VARIOUS DEVELOPMENT AGREEMENTS WITH PARK OCCUPANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,048,413
Investment Income $265,655
Other Revenue $444
TOTAL REVENUE $1,314,512

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $397,435
Fundraising Expenses $0
Program Expenses $928,464
Other Expenses $766,196
TOTAL EXPENSES $1,178,631

Year-over-Year Comparison

2025 2024 Change
Revenue $1,314,512 $1,285,140 +0.0%
Expenses $1,178,631 $1,186,818 0.0%
Net Income $135,881 $98,322 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
3
Volunteers
14

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
$199,934
Total Directors
15
$199,934
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DULL BOARD MEMBER 0.20
Director
$0 $0 $0
NATHANIEL CADE JR TREASURER 0.20
Officer Director
$0 $0 $0
PAUL GOGAN BOARD MEMBER 0.20
Director
$0 $0 $0
DENNIS MCBRIDE BOARD MEMBER 0.20
Director
$0 $0 $0
DAN BUKIEWICZ BOARD MEMBER 0.20
Director
$0 $0 $0
SHAWN ROLLAND SECRETARY 0.20
Officer Director
$0 $0 $0
KEENAN GRENELL PHD VICE CHAIR 0.20
Officer Director
$0 $0 $0
JEANNE HOSSENLOPP PHD BOARD MEMBER 0.20
Director
$0 $0 $0
JOHN RAYMOND SR MD BOARD MEMBER 0.20
Director
$0 $0 $0
PETER SKANAVIS CHAIR 0.20
Officer Director
$0 $0 $0
JESSICA SILVAGGI BOARD MEMBER 0.20
Officer Director
$0 $0 $0
MARK JOHNSON EXECUTIVE DIRECTOR 40.00
Officer Director
$167,648 $32,286 $199,934
CELIA BENTON BOARD MEMBER 0.20
Director
$0 $0 $0
THOMAS IRGENS BOARD MEMBER 0.20
Director
$0 $0 $0
PHILLIP KING BOARD MEMBER 0.20
Director
$0 $0 $0
KAY VAN HECK FACILITY MANAGER 40.00
Highest
$105,647 $16,794 $122,441
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 $1,314,512 $1,178,631 $8,736,210 $135,881
2024 $1,285,140 $1,186,818 $8,175,487 $98,322
2023 $1,429,028 $1,141,905 $7,779,039 $287,123
2022 $1,244,262 $1,346,194 $7,251,813 $-101,932
2021 $1,167,985 $1,117,491 $8,005,634 $50,494
2020 $1,063,973 $1,122,575 $7,572,797 $-58,602
2019 $1,323,547 $1,234,609 $7,203,282 $88,938
2018 $3,797,675 $1,318,997 $6,658,243 $2,478,678
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