Milwaukee Center for Independence Foundation Inc (EIN 472334925) - 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

2014

Legal Domicile

Principal Officer

Bridget Fassett

Phone

4149372020

Tax Period

2023-01-01 to 2023-12-31

Milwaukee Center for Independence Foundation Inc, founded in 2014, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $14.4M in total revenue in fiscal year 2023. The organization ran a surplus of $13.4M, a strong 93% operating margin.

Mission

To benefit affiliated entities by communicating mission and building community relationships.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,368,196

Program Service Revenue $0

Investment Income $16,658

Other Revenue $0

TOTAL REVENUE $14,384,854

Expense Breakdown

Grants Paid $948,939

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $952,274

Other Expenses $3,335

TOTAL EXPENSES $952,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,384,854	$14,973,567	0.0%
Expenses	$952,274	$339,233	+1.8%
Net Income	$13,432,580	$14,634,334	-0.1%

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

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

$781,774

Total Directors

$508,118

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zywicki Teri	President/CEO	1.00	Officer Director	$0	$53,763	$508,118
Betters Bruce	Director	1.00	Director	$0	$0	$0
Cain Morris	Director	1.00	Director	$0	$0	$0
Linnen John	Director	1.00	Director	$0	$0	$0
Neely Dan	Director	1.00	Director	$0	$0	$0
Voigtman Tim	Director	1.00	Director	$0	$0	$0
Fassett Bridget	Treasurer	1.00	Officer	$0	$41,183	$273,656

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	$14,384,854	$952,274	$91,949,827	$13,432,580
2022	$14,973,567	$339,233	$64,553,303	$14,634,334
2021	$49,792,905	$510,807	$61,295,347	$49,282,098
2021	$46,478,216	$510,807	$61,295,347	$45,967,409
2020	$9,020,204	$878,802	$8,406,414	$8,141,402
2019	$3,780,049	$206,751	$804,079	$3,573,298

Milwaukee Center for Independence Foundation Inc