MAKERSPACE OF MILWAUKEE INC (EIN 461965092) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

Chris Kraco

Phone

5163178609

Tax Period

2024-01-01 to 2024-12-31

MAKERSPACE OF MILWAUKEE INC, founded in 2012, is a small nonprofit in the Science & Technology sector that reported $452K in total revenue in fiscal year 2024.

Mission

Operate a facility for education and skill development.

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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 $449,300

Program Service Revenue $0

Investment Income $2,224

Other Revenue $0

TOTAL REVENUE $451,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $456,312

Other Expenses $456,312

TOTAL EXPENSES $456,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$451,524	$419,990	+0.1%
Expenses	$456,312	$369,468	+0.2%
Net Income	$-4,788	$50,522	-1.1%

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

717

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
Tim Erdman	Operations Director	6	Director	$0	$0	$0
Rick Melton	Director At-Large	2	Director	$0	$0	$0
Bryan Flannery	Secretary	4	Director	$0	$0	$0
Juliet Jaeger	Director At-Large	1	Director	$0	$0	$0
Sarah Davitt	Communications Director	5	Director	$0	$0	$0
Geoff Landrum	Treasurer	15	Director	$0	$0	$0
Chris Kraco	President	3	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
2025	No data	No data	No data	No data
2024	$451,524	$456,312	$573,894	$-4,788
2023	$419,990	$369,468	$589,908	$50,522
2022	$297,306	$322,937	$539,386	$-25,631
2021	$209,816	$186,256	$563,607	$23,560
2020	$134,184	$131,235	$539,908	$2,949
2019	$154,752	$91,472	$536,959	$63,280

MAKERSPACE OF MILWAUKEE INC