MADISON TEACHERS 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

1964

Legal Domicile

Principal Officer

JEFFERY KNIGHT

Phone

6082570491

Tax Period

2024-07-01 to 2025-06-30

MADISON TEACHERS INC, founded in 1964, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $319K, a strong 19% operating margin.

Mission

MADISON TEACHERS INCORPORATED (MTI) IS A LABOR UNION REPRESENTING TEACHERS, SUBSTITUTE TEACHERS, EDUCATIONAL ASSISTANTS, CLERICAL/TECHNICAL EMPLOYEES, AND SCHOOL SECURITY ASSISTANTS WHO ARE EMPLOYED BY THE MADISON METROPOLITAN SCHOOL DISTRICT. MTI WAS FORMED TO PROMOTE THE INTERESTS OF EDUCATION, THE TEACHING PROFESSION, AND THE MEMBERS OF THE COLLECTIVE BARGAINING UNITS WHICH ARE AFFILIATES OF THE CORPORATION; TO STRENGTHEN THE WELFARE STATUS OF THE TEACHERS AND MEMBERS OF THE COLLECTIVE BARGAINING UNITS WHICH ARE AFFILIATES OF THIS CORPORATION AND TO ENABLE SUCH INDIVIDUALS TO SPEAK WITH A COMMON VOICE ON MATTERS OF INTEREST TO THEM; TO PROMOTE A SPIRIT OF PROFESSIONAL ETHICS; TO CREATE IN THE COMMUNITY A DEEPER SENSE OF THE WORTH AND DIGNITY OF THE TEACHING PROFESSION AND ALL OTHERS WHO ARE REPRESENTED BY THE CORPORATION; TO ENCOURAGE TEACHERS AND ALL OTHERS WHO ARE REPRESENTED BY THE CORPORATION TO EXERCISE THEIR RESPONSIBILITIES AS CITIZENS.

Program Service Accomplishments

Program 1

MADISON TEACHERS INCORPORATED IS A MEMBER DRIVEN UNION CONSISTING OF OVER 2,500 MEMBERS IN THREE BARGAINING UNITS, INCLUDING: TEACHERS, EDUCATION PROFESSIONALS, AND PARA PROFESSIONALS; SUBSTITUTE...

MADISON TEACHERS INCORPORATED IS A MEMBER DRIVEN UNION CONSISTING OF OVER 2,500 MEMBERS IN THREE BARGAINING UNITS, INCLUDING: TEACHERS, EDUCATION PROFESSIONALS, AND PARA PROFESSIONALS; SUBSTITUTE TEACHERS; AND EDUCATIONAL ASSISTANTS, SUPPORTIVE EDUCATIONAL EMPLOYEES (CLERICAL AND TECHNICAL) AND SCHOOL SECURITY ASSISTANTS WHO ARE EMPLOYED BY THE MADISON METROPOLITAN SCHOOL DISTRICT.

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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 $230,130

Program Service Revenue $1,256,307

Investment Income $212,274

Other Revenue $0

TOTAL REVENUE $1,698,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,017,102

Fundraising Expenses $0

Other Expenses $362,976

TOTAL EXPENSES $1,380,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,698,711	$1,502,261	+0.1%
Expenses	$1,380,078	$1,268,113	+0.1%
Net Income	$318,633	$234,148	+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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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

$321,633

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREA MISSURELI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELE RITT	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH O'LEARY	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM MCNEILL	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
AMY TURKOWSKI	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
LELAND PAN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JESSICA HOTZ	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JUDY FERWERDA	ESP-MTI BOARD PRESIDENT	1.00	Director	$0	$0	$0
JESSE LYNNE	USO-MTI BOARD PRESIDENT	1.00	Director	$0	$0	$0
JEFFERY KNIGHT	EXECUTIVE DIRECTOR	40.00	Officer	$135,757	$36,390	$172,147
YVONNE KNOCHE	OFFICE MANAGER	40.00	Officer	$102,121	$47,365	$149,486

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	$1,698,711	$1,380,078	$5,511,792	$318,633
2024	$1,502,261	$1,268,113	$5,231,024	$234,148
2023	$1,463,905	$1,350,253	$5,131,886	$113,652
2022	$1,591,815	$1,534,165	$5,061,255	$57,650
2021	$1,893,322	$2,053,543	$5,547,688	$-160,221
2020	$1,525,592	$1,873,316	$5,322,462	$-347,724
2019	$1,460,897	$1,483,406	$5,412,342	$-22,509
2018	$1,565,602	$1,545,464	$5,684,523	$20,138