MADISON STREET PROPERTIES INC

🔒

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

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

BRAD L SCHLAGGAR MD PHD

Phone

4439239200

Tax Period

2022-07-01 to 2023-06-30

MADISON STREET PROPERTIES INC, founded in 1995, is a mid-sized nonprofit in the Community Improvement sector that reported $40.8M in total revenue in fiscal year 2022.

Mission

MADISON STREET PROPERTIES, INC. IS A PROPERTY HOLDING COMPANY AND IS OPERATED EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF KENNEDY KRIEGER INSTITUTE AND ITS AFFILIATES. MADISON STREET PROPERTIES OWNS ALL REAL PROPERTY AND LEASEHOLD RIGHTS OF THE AFFILIATED CORPORATIONS. IT LEASES/SUBLEASES THIS PROPERTY BACK TO EACH CORPORATE MEMBER OCCUPYING SPACE AND ALSO PROVIDES PROPERTY MANAGEMENT SERVICES, INCLUDING SECURITY, HOUSEKEEPING AND OTHER ANCILLARY FACILITIES MANAGEMENT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $36,374,348 Revenue: $40,527,731

THE ORGANIZATION SERVES AS A PROPERTY MANAGEMENT AND HOLDING COMPANY FOR ALL OF THE TAX-EXEMPT AFFILIATES OF KENNEDY KRIEGER INSTITUTE, INC.

🔒

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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,527,731

Investment Income $18,991

Other Revenue $247,484

TOTAL REVENUE $40,794,206

Expense Breakdown

Grants Paid $248,532

Salaries & Benefits $9,505,333

Fundraising Expenses $0

Program Expenses $36,374,348

Other Expenses $32,039,356

TOTAL EXPENSES $41,793,221

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,794,206	$37,883,778	+0.1%
Expenses	$41,793,221	$39,111,827	+0.1%
Net Income	$-999,015	$-1,228,049	-0.2%

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

Governance

Voting Members

Independent Members

Employees

128

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

$2,639,714

Total Directors

$1,099,444

Key Employees

$1,227,780

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY L SCHLAGGAR MD PHD	PRESIDENT & CEO	5.00	Officer Director	$108,257	$45,924	$1,003,784
NANCY GRASMICK ED D	CHAIR WOMAN	1.00	Officer Director	$0	$9,480	$95,660
RONALD R PETERSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD W CASS	DIRECTOR	0.00	Director	$0	$0	$0
JAMES M ANDERS JR	SECRETARY	5.00	Officer	$107,911	$36,156	$990,960
MICHAEL J NEUMAN	TREASURER	5.00	Officer	$58,067	$35,530	$549,310
RAYMOND SHORT	VP OF HUMAN RESOURCES	5.00	Key Emp	$52,211	$51,348	$513,314
VALERIE BONHAM	VP OF GENERAL COUNSEL	5.00	Key Emp	$39,501	$43,581	$393,093
GEORGE THOMAS	VP OF FACILITIES	40.00	Key Emp	$296,218	$25,155	$321,373
BONNIE KNIGHT	DIRECTOR OF PLANNING & ENG	40.00	Highest	$188,826	$18,021	$206,847
DEBRA GRIMM	ASST VP OF FACILITIES	40.00	Highest	$151,033	$36,929	$187,962
DANIEL HENDRICKSON	DIRECTOR OF SAFETY	40.00	Highest	$137,478	$17,028	$154,506
EDDIE MOORE	CARPENTER	40.00	Highest	$101,865	$32,971	$134,836

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	No data	No data	No data	No data
2023	$40,794,206	$41,793,221	$195,209,302	$-999,015
2022	$37,883,778	$39,111,827	$145,848,633	$-1,228,049
2021	$36,794,254	$36,792,487	$154,077,614	$1,767
2020	$35,930,246	$38,729,337	$159,893,181	$-2,799,091
2019	$33,518,769	$34,835,638	$162,017,344	$-1,316,869
2018	$30,432,608	$30,432,608	$145,776,887	No data