GREATER MILWAUKEE FOUNDATION INC

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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

1989

Legal Domicile

Principal Officer

YELENA CHESTER

Phone

4142755805

Tax Period

2024-01-01 to 2024-12-31

GREATER MILWAUKEE FOUNDATION INC, founded in 1989, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $85.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.0B represent 147 months of operating reserves.

Mission

INSPIRING PHILANTHROPY, SERVING DONORS, STRENGTHENING COMMUNITIES, NOW AND FOR FUTURE GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $73,645,002 Revenue: $0

INSPIRING PHILANTHROPY, SERVING DONORS, STRENGHTHENING COMMUNITIES, NOW AND FOR FUTURE GENERATIONS.FOR OVER 100 YEARS, THE GREATER MILWAUKEE FOUNDATION HAS HELPED INDIVIDUALS AND FAMILIES COMMITTED TO PHILANTHROPY LEAVE A LEGACY, AND BUILD A STRONGER AND MORE VIBRANT COMMUNITY - NOW AND FOR FUTURE GENERATIONS. THANKS TO THE GENEROUS, ONGOING INVESTMENTS OUR DONORSMAKE, WE AS A COMMUNITY FOUNDATION ARE ABLE TO STRONGLY INFLUENCE AND IMPACT OUR REGION THROUGH OUR DISCRETIONARY GRANTMAKING.

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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 $41,537,233

Program Service Revenue $0

Investment Income $42,929,348

Other Revenue $709,654

TOTAL REVENUE $85,176,235

Expense Breakdown

Grants Paid $67,837,198

Salaries & Benefits $8,927,161

Fundraising Expenses $3,264,036

Program Expenses $73,645,002

Other Expenses $8,742,313

TOTAL EXPENSES $85,506,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,176,235	$78,030,106	+0.1%
Expenses	$85,506,672	$65,430,598	+0.3%
Net Income	$-330,437	$12,599,508	-1.0%

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

$1,320,525

Total Directors

$500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE DRURY	BOARD MEMBER (END 6/24)	1.00	Director	$0	$0	$0
MARY ELLEN STANEK	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL JONES	CHAIR (END 6/24)	1.00	Officer Director	$0	$0	$0
GREGORY OBERLAND	VICE CHAIR	1.00	Director	$0	$0	$0
CECELIA GORE	BOARD MEMBER	1.00	Director	$0	$0	$0
CORY NETTLES	BOARD MEMBER (END 6/24)	1.00	Director	$0	$0	$0
MARIE O'BRIEN	BOARD MEMBER (END 6/24)	1.00	Director	$0	$0	$0
SUSAN ELA	BOARD MEMBER	1.00	Director	$0	$0	$0
PEDRO COLON	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS FLORSHEIM	BOARD MEMBER	1.00	Director	$0	$0	$0
DEREK TYUS	BOARD MEMBER	1.00	Director	$0	$0	$0
NARYAN LEAZER	BOARD MEMBER	1.00	Director	$0	$0	$0
CRISTY GARCIA-THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BLAINE GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAQUELINE WARD	BOARD MEMBER	1.00	Director	$0	$500	$500
DAVID GAY	BOARD MEMBER (START 7/24)	1.00	Director	$0	$0	$0
REBECA LOPEZ	BOARD MEMBER (START 7/24)	1.00	Director	$0	$0	$0
DEREK MOSELY	BOARD MEMBER (START 1/24)	1.00	Director	$0	$0	$0
JIM SCHLEIF	BOARD MEMBER (START 1/24)	1.00	Director	$0	$0	$0
DEVONA WRIGHT-COTTREL	BOARD MEMBER (START 7/24)	1.00	Director	$0	$0	$0
GAIL YABUKI	BOARD MEMBER (START 1/24)	1.00	Director	$0	$0	$0
GREGORY WESLEY	PRESIDENT (START 8/24)	32.00	Officer	$223,168	$0	$223,168
KEN ROBERTSON	SECRETARY/TREASURER (END 8/24)	32.00	Officer	$176,226	$23,523	$199,749
ELLEN GILLIGAN	PRESIDENT ( END 8/24)	32.00	Officer	$280,968	$61,114	$342,082
KATHRYN DUNN	VP OF COMM. INVEST. (END 8/24)	32.00	Officer	$132,105	$25,351	$157,456
KRISTEN MEKEMSON	VP DEV/PHIL SERVICES/SECRETARY	40.00	Officer	$190,603	$37,143	$227,746
YELENA CHESTER	CFO/TREASURER (START 8/24)	32.00	Officer	$130,942	$39,382	$170,324
LAURA GLAWE	VP MARKETING	40.00	Highest	$140,699	$40,847	$181,546
MICHAEL HOFFMAN	VP OF HR	40.00	Highest	$149,799	$29,237	$179,036
VINCENT LYLES	EXECUTIVE DIRECTOR	40.00	Highest	$227,063	$47,479	$274,542
KENYATTA SINCLAIR	CHIEF DEI & ORG LEARNING OFFICER	40.00	Highest	$156,640	$31,820	$188,460
JANEL HINES	VP OF COMMUNITY IMPACT	40.00	Highest	$130,423	$12,914	$143,337

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	$85,176,235	$85,506,672	$1,079,014,557	$-330,437
2023	$78,030,106	$65,430,598	$1,005,749,724	$12,599,508
2022	$87,591,185	$89,876,571	$894,352,035	$-2,285,386
2021	$151,763,598	$72,595,421	$1,114,706,959	$79,168,177
2021	$151,763,598	$72,595,421	$1,114,706,959	$79,168,177
2020	$102,077,452	$70,678,205	$1,002,313,148	$31,399,247