Mother's Milk Bank of the Western Great Lakes Inc

EIN: 453994836 501(c)(3) Health Care

Elk Grove Village, IL

Total Revenue
$4,001,115
Total Expenses
$2,838,305
Total Assets
$3,862,271
Net Assets
$2,473,423
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
Marissa Gossenbach
Phone
8472625134
Tax Period
2023-01-01 to 2023-12-31

Mother's Milk Bank of the Western Great Lakes Inc, founded in 2011, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

To provide human milk to improve infant health and save lives.

Program Service Accomplishments

Program 1
Expenses: $1,912,465

To provide human milk to improve infant health and save lives.

Program 2
Expenses: $448,248

To provide education and support regarding the benefits of human milk for infants.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $726,077
Program Service Revenue $3,254,461
Investment Income $19,041
Other Revenue $1,536
TOTAL REVENUE $4,001,115

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,466,112
Fundraising Expenses $35,000
Program Expenses $2,360,713
Other Expenses $1,372,193
TOTAL EXPENSES $2,838,305

Year-over-Year Comparison

2023 2022 Change
Revenue $4,001,115 $2,754,526 +0.5%
Expenses $2,838,305 $2,367,956 +0.2%
Net Income $1,162,810 $386,570 +2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
9
Employees
30
Volunteers
N/A

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
4
$0
Total Directors
10
$123,625
Key Employees
1
$123,625
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Summer Kelly Executive Director 050.00
Director Key Emp Highest
$123,625 $0 $123,625
Marissa Grossenbach President 006.00
Officer Director
$0 $0 $0
Krystal Revai Vice President 001.00
Officer Director
$0 $0 $0
Jequeatta Upton Smith Secretary 001.00
Officer Director
$0 $0 $0
Katherine Mowen-Matz CPA Treasurer 001.00
Officer Director
$0 $0 $0
Anne Eglash Medical Director 001.00
Director
$0 $0 $0
Maura MacDonald Director 001.00
Director
$0 $0 $0
Ann Conway Director 001.00
Director
$0 $0 $0
Kevin Hoey Director 001.00
Director
$0 $0 $0
Susan Lampert Smith Director 001.00
Director
$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
2024 No data No data No data No data
2023 $4,001,115 $2,838,305 $3,862,271 $1,162,810
2022 $2,754,526 $2,367,956 $1,583,899 $386,570
2021 $2,105,473 $1,664,440 $1,049,107 $441,033
2020 $1,648,901 $1,468,221 $581,959 $180,680
2019 $1,361,623 $1,232,079 $416,084 $129,544
2018 $950,114 $773,324 $321,948 $176,790
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Mother's Milk Bank of the Western Great Lakes Inc with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.