BLACK ARTS MKE 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

2014

Legal Domicile

Principal Officer

BARBARA WANZO

Phone

4142737635

Tax Period

2024-01-01 to 2024-12-31

BLACK ARTS MKE INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $836K in total revenue in fiscal year 2024.

Mission

TO INCREASE THE AVAILABILITY AND QUALITY OF AFRICAN AMERICAN ARTS AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $707,501 Revenue: $99,870

MILWAUKEE PUBLIC SCHOOLS MILWAUKEE RECREATION PARTNERSHIP FOR THE ARTS & HUMANITIES - FULL SCHOOL YEAR AFTER SCHOOL PERFORMING ARTS PROGRAM FOR ELEMENTARY PARTNER SCHOOLS INCLUDING A MONTH-LONG...

MILWAUKEE PUBLIC SCHOOLS MILWAUKEE RECREATION PARTNERSHIP FOR THE ARTS & HUMANITIES - FULL SCHOOL YEAR AFTER SCHOOL PERFORMING ARTS PROGRAM FOR ELEMENTARY PARTNER SCHOOLS INCLUDING A MONTH-LONG PERFORMING ARTS SUMMER CAMP FOR AT-RISK YOUTH IN JULY FOR YOUTH AGES 13-18, OVER 100 YOUTH SERVED.THEATRE FOR YOUNG ADULTS (HIGH SCHOOL) FEATURING PROFESSIONAL ARTISTS IN A PERFORMANCE OF SHAKESPEARE'S TWELFTH NIGHT, OVER 4,000 YOUTH SERVED DURING THE SPRING. MILWAUKEE BLACK THEATRE FESTIVAL, AUGUST MONTH LONG PERFORMING ARTS FESTIVAL FEATURING THREE FULL PRODUCTION, STAGED READINGS, SPOKEN-WORD, YOUTH AND FAMILY NIGHT YOUTH PERFORMANCES IN COLLABORATION WITH LOCAL MILWAUKEE AREA PROFESSIONAL THEATRES, PROFESSIONAL DEVELOPMENT WORKSHOPS AND AUDITIONS FOR SIGNATURE PRODUCTION OF BLACK NATIVITY BY LANGSTON HUGHES, WHICH WAS PRODUCED IN DECEMBER.

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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 $736,260

Program Service Revenue $92,643

Investment Income $0

Other Revenue $7,227

TOTAL REVENUE $836,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $127,411

Program Expenses $707,501

Other Expenses $918,826

TOTAL EXPENSES $918,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$836,130	$841,774	0.0%
Expenses	$918,826	$955,908	0.0%
Net Income	$-82,696	$-114,134	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA WANZO	EXECUTIVE DIRECTOR	60.00	Officer	$0	$0	$0
CORY L NETTLES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN D ZIMMERMAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
JACQUELINE HERD-BARBER	PROGRAM CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY M WESLEY	GOVERNANCE CHAIR	1.00	Director	$0	$0	$0
DANIELLE BLY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC L CONLEY	DIRECTOR	1.00	Director	$0	$0	$0
GRADY L CROSBY	FINANCE CHAIR	1.00	Director	$0	$0	$0
DR JOAN M PRINCE	DIRECTOR	1.00	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
2024	$836,130	$918,826	$632,968	$-82,696
2023	$841,774	$955,908	$770,425	$-114,134
2022	$815,509	$722,095	$872,334	$93,414
2021	$695,804	$370,530	$700,510	$325,274
2020	$372,865	$194,287	$374,038	$178,578
2019	$426,000	$497,363	$194,612	$-71,363
2018	$457,317	$514,001	$318,807	$-56,684