NORTHEAST WISCONSIN EDUCATIONAL AL… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

JEFFERY RAFN

Phone

9204986930

Tax Period

2021-07-01 to 2022-06-30

NORTHEAST WISCONSIN EDUCATIONAL ALLIANCE (NEW ERA) INC, founded in 2010, is a small nonprofit in the Employment sector that reported $171K in total revenue in fiscal year 2021. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $152K left a modest 11% surplus.

Mission

NEW ERA IS A HIGHER EDUCATION CONSORTIUM THAT FOSTERS REGIONAL PARTNERSHIPS AMONG THE PUBLIC COLLEGES AND UNIVERSITIES IN THE NEW NORTH TO BETTER SERVE THE EDUCATIONAL NEEDS OF THE 1.2 MILLION PEOPLE IN NORTHEAST WISCONSIN. NEW ERA IS DRIVING A COMPREHENSIVE, COMPLEMENTARY ALLIANCE OF SEAMLESS EDUCATIONAL OPPORTUNITIES LEADING TO THE BETTERMENT OF LIFE AND LIVING FOR STUDENTS IN NORTHEAST WISCONSIN.

Program Service Accomplishments

Program 1

Expenses: $124,517 Revenue: $0

NEW ERA COLLEGES AND UNIVERSITIES ARE IN THE SEVENTH YEAR OF IMPLEMENTATION FOR THE BACHELOR OF SCIENCE IN ENGINEERING TECHNOLOGY - MECHANICAL, ELECTRICAL, AND ENVIRONMENTAL. THERE ARE NOW OVER 300 STUDENTS CURRENTLY ENROLLED IN THE PROGRAM TO ACHIEVE THESE DEGREES. ADDING TO THE TRADITIONAL STUDENT PATHWAY, THE PROGRAM WAS DEVELOPED FOR INDIVIDUALS WHO ARE CURRENTLY WORKING IN ENGINEERING TECHNOLOGY FIELDS AND RELATED PROFESSIONS TO ACHIEVE A BACHELOR'S DEGREE OF ENGINEERING TECHNOLOGY THROUGH AN ACCELERATED, FLEXIBLE PROGRAM IN ADVANCED TECHNOLOGY CREDITS. IN ADDITON, NEW ERA HAS SUPPORTED THE DEVELOPMENT OF THE NORTHEAST WISCONSIN INFORMATION TECHNOLOGY ALLIANCE COMPRISED OF BUSINESS PARTNERS, EDUCATORS, AND ECONOMIC DEVELOPMENT ORGANIZATIONS FOCUSED ON THE IT TALENT PIPELINE. NEW ERA WITH THE NEW MANUFACTURING ALLIANCE HOSTED THE FOURTH ANNUAL INTERNSHIP DRAFT DAY AT LAMBEAU FIELD WHERE STUDENTS WERE ABLE TO INTERVIEW AND NETWORK FOR INTERNSHIP POSITIONS IN BUSINESS, ENGINEERING, IT, AND OPERATIONS ROLES IN SEVERAL COMPANIES IN NORTHEAST WISCONSIN.

Program 2

Expenses: $0 Revenue: $0

NEW ERA'S ACTIVITIES EMPHASIZE COOPERATION AND COLLABORATION AS A WAY TO UNIFY HIGHER EDUCATION'S ROLE AS A CATALYST FOR ECONOMIC GROWTH BY DRIVING A COMPHENSIVE, COMPLEMENTARY ALLIANCE OF SEAMLESS EDUCATIONAL OPPORTUNITIES LEADING TO THE BETTERMENT OF LIFE FOR STUDENTS IN NORTHEAST WISCONSIN.

Program 3

Expenses: $0 Revenue: $0

NEWERA PARTNERED WITH THE MIDWEST HIGHER EDUCATION COMPACT (MHEC) TO DESIGN, AND LAUNCH AN EXPANDED/ENHANCED GRADUATE CREDIT QUEST WEB SITE TO INCORPORATE THE 12 STATE REGIONAL SERVICE AREA OF MHEC. THIS PARTNERSHIP PROVIDES A DATABASE OF GRADUATE COURSEWORK FOR HIGH SCHOOL TEACHERS WHO TEACH DUAL CREDIT COURSES AND WHO NEED ADDITIONAL CREDENTIALS TO MEET ACCREDITATION MANDATES OF THE HIGHER LEARNING COMMISSION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $170,000

Program Service Revenue $0

Investment Income $574

Other Revenue $0

TOTAL REVENUE $170,574

Expense Breakdown

Grants Paid $282

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,517

Other Expenses $151,739

TOTAL EXPENSES $152,021

Year-over-Year Comparison

	2021	2020	Change
Revenue	$170,574	$85,471	+1.0%
Expenses	$152,021	$137,103	+0.1%
Net Income	$18,553	$-51,632	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ALEXANDER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFFREY RAFN	TREASURER	1.00	Officer Director	$0	$0	$0
BONNIE BAERWALD	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER CALDWELL	DIRECTOR	0.50	Director	$0	$0	$0
PAUL CARLSON	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW LEAVITT	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN MAY	DIRECTOR	0.50	Director	$0	$0	$0
JERRY MURPHY	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0

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
2022	$170,574	$152,021	$197,636	$18,553
2021	$85,471	$137,103	$319,627	$-51,632
2020	$173,655	$147,961	$320,800	$25,694
2019	$212,059	$223,539	$203,818	$-11,480
2018	$224,929	$198,819	$415,878	$26,110

NORTHEAST WISCONSIN EDUCATIONAL ALLIANCE (NEW ERA) INC