MADISON TEACHERS INC

EIN: 396060613

MADISON, WI

Total Revenue
$1,698,711
Total Expenses
$1,380,078
Total Assets
$5,511,792
Net Assets
$4,349,064
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
WI
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

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; AND TO ADVANCE SOCIAL JUSTICE AND DISMANTLE SYSTEMS OF OPPRESSION AT A LOCAL, STATE, AND NATIONAL LEVEL.

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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 (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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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
10
Independent Members
10
Employees
9
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
$321,633
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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