RACINE VOCATIONAL MINISTRY INC

EIN: 710894219 501(c)(3) Education

RACINE, WI

Total Revenue
$678,650
Total Expenses
$714,757
Total Assets
$443,531
Net Assets
$364,699
🔒

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
2002
Legal Domicile
WI
Principal Officer
MARKUS WATTS
Phone
2626338660
Tax Period
2024-01-01 to 2024-12-31

RACINE VOCATIONAL MINISTRY INC, founded in 2002, is a small nonprofit in the Education sector that reported $679K in total revenue in fiscal year 2024.

Mission

RACINE VOCATIONAL MINISTRY PREPARES PARTICIPANTS TO BECOME FULLY ENGAGED IN THEIR LIVES BY OFFERING TOOLS AND SKILLS, RESPECTING THEIR INHERENT DIGNITY, AND WALKING ALONG SIDE THEM IN THEIR TRANSFORMATIVE JOURNEYS.

Program Service Accomplishments

Program 1
Expenses: $285,030

"THE AVERAGE RATE OF ANNUAL RECIDIVISM IN WISCONSIN IS 15% FOR HIGH MEDIUM AND LOW RISK INDIVIDUALS. THE THREE-YEAR STATE RATE FOR MEDIUM AND HIGH-RISK INDIVIDUALS AVERAGES 40.1%. WE SERVED 160...

Read more

"THE AVERAGE RATE OF ANNUAL RECIDIVISM IN WISCONSIN IS 15% FOR HIGH MEDIUM AND LOW RISK INDIVIDUALS. THE THREE-YEAR STATE RATE FOR MEDIUM AND HIGH-RISK INDIVIDUALS AVERAGES 40.1%. WE SERVED 160 REENTRY PARTICIPANTS IN 2024. RVM HAS MAINTAINED A RATE OF ONLY 1.3 % FOR ONE YEAR. OUR THREE-YEAR RATE FOR 2020-2022 IS 3.9%, AN 121.8% REDUCTION OVER THE STATE AVERAGE. RVM HAS BEEN RECOGNIZED AS A BEST PRACTICE BY THE US ATTORNEY'S OFFICE OF THE EASTERN DISTRICT OF WISCONSIN AND BY THE INTERNATIONAL ASSOCIATION OF CHIEFS OF POLICE. KENOSHA VOCATIONAL MINISTRY, A SUBSIDIARY OF RVM, IS OVERSEEN IN COLLABORATION WITH THE WISCONSIN DEPARTMENT OF CORRECTIONS AND KENOSHA COUNTY HUMAN SERVICES WITH SUPPORT FROM THE KENOSHA JOB CENTER"

Program 2
Expenses: $166,034 Revenue: $53,520

IN 2024, VIRTUALLY ALL OF THE PARTICIPANTS (98%) WHO ENROLL IN OUR PROGRAMS QUALIFY UNDER THE HUD DEFINITION AS LOW INCOME. IN 2024, RVM SERVED 69 HOMELESS PARTICIPANTS, 36 ADULT GANG PARTICIPANTS...

Read more

IN 2024, VIRTUALLY ALL OF THE PARTICIPANTS (98%) WHO ENROLL IN OUR PROGRAMS QUALIFY UNDER THE HUD DEFINITION AS LOW INCOME. IN 2024, RVM SERVED 69 HOMELESS PARTICIPANTS, 36 ADULT GANG PARTICIPANTS, 49 YOUTH GANG PARTICIPANTS, A RECORD 160 PRISON RETURNEES AND 141 IN THE WALK-IN PROGRAM. THOSE WE SERVE HAVE EXPERIENCED A GREATER CAPACITY TO RECONNECT WITH THEIR FAMILIES, ATTAIN AND MAINTAIN EMPLOYMENT, AND STABILIZE THEIR LIVES THROUGH INCREASED SELF-SUFFICIENCY. THEY HAVE ALSO GAINED MORE POSITIVE, PRO SOCIAL MODES OF COGNITION. RVM ASSISTED THIS POPULATION WITH OVER $25,000 IN SUPPORTS FOR DRIVER'S LICENSE RECOVERY, GAS CARDS, BUS PASSES, WORK CLOTHES, WORK TOOLS, CNA CERTIFICATES, FORKLIFT LICENSES, AND CDL CERTIFICATIONS. RVM'S HOMELESS ASSISTANCE IS DONE IN THE CONTEXT OF OUR LOCAL CONTINUUM OF CARE.

Program 3
Expenses: $180,389

THIS PROGRAM SERVES SOME OF RACINE'S MOST CHALLENGED POPULATION. A NUMBER OF OUR WALK-IN PARTICIPANTS ARE STRUGGLING WITH MENTAL ILLNESS, ANTISOCIAL ATTITUDES, CRIMINAL BACKGROUNDS, GANG INVOLVEMENT...

Read more

THIS PROGRAM SERVES SOME OF RACINE'S MOST CHALLENGED POPULATION. A NUMBER OF OUR WALK-IN PARTICIPANTS ARE STRUGGLING WITH MENTAL ILLNESS, ANTISOCIAL ATTITUDES, CRIMINAL BACKGROUNDS, GANG INVOLVEMENT, AND CHRONIC EPISODES OF UNEMPLOYMENT. THE MAJORITY OF OUR WALK-INS HAVE BEEN EMPLOYED FOR MORE THAN ONE YEAR. RACINE VOCATIONAL MINISTRY PLACED 339 PEOPLE IN JOBS AND EDUCATION IN 2024. ALSO IN 2024, 65 PEOPLE ATTAINED PROMOTIONS AND 80 PEOPLE EARNED CERTIFICATES FOR PROGRAMS AND JOB SKILLS IN PROGRAMS LIKE FORKLIFT, CNA, AND AODA AND ANGER MANAGEMENT CLASSES. THIS PROGRAM IS SUBSTANTIALLY FUNDED BY THE UNITED WAY OF RACINE COUNTY AND THE SC JOHNSON FUND.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $614,473
Program Service Revenue $53,520
Investment Income $10,642
Other Revenue $15
TOTAL REVENUE $678,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $528,476
Fundraising Expenses $3,761
Program Expenses $631,453
Other Expenses $186,281
TOTAL EXPENSES $714,757

Year-over-Year Comparison

2024 2023 Change
Revenue $678,650 $713,245 0.0%
Expenses $714,757 $630,473 +0.1%
Net Income $-36,107 $82,772 -1.4%
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
15
Independent Members
15
Employees
10
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
6
$111,247
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRETCHEN HERRMANN PRESIDENT 1.00
Officer Director
$0 $0 $0
KEITH BELL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BARBARA EDWARDS SECRETARY 1.00
Officer Director
$0 $0 $0
THOMAS BUHLER TREASURER 1.00
Officer Director
$0 $0 $0
RONALD TATUM DIRECTOR 1.00
Director
$0 $0 $0
JAMES BLACK DIRECTOR 1.00
Director
$0 $0 $0
DAVID REBEY DIRECTOR 1.00
Director
$0 $0 $0
NEAL NOTTLESON DIRECTOR 1.00
Director
$0 $0 $0
ANGELIQUE SANTIAGO DIRECTOR 1.00
Director
$0 $0 $0
KRISTAL ELLIS DIRECTOR 1.00
Director
$0 $0 $0
PAMALA HANDROW DIRECTOR 1.00
Director
$0 $0 $0
JOHN KOETZ DIRECTOR 1.00
Director
$0 $0 $0
AUBREY BUCHANAN DIRECTOR 1.00
Director
$0 $0 $0
CASSANDRA GLENN DIRECTOR 1.00
Director
$0 $0 $0
NICOLE BROOKS DIRECTOR 1.00
Director
$0 $0 $0
JAMES SCHATZMAN EXECUTIVE DIRECTOR 40.00
Officer
$91,249 $9,421 $100,670
MARKUS WATTS EXECUTIVE DIRECTOR 40.00
Officer
$10,577 $0 $10,577
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 $678,650 $714,757 $443,531 $-36,107
2023 $713,245 $630,473 $429,859 $82,772
2022 $525,837 $479,103 $342,896 $46,734
2021 $684,268 $507,315 $286,505 $176,953
2020 $486,609 $478,067 $110,059 $8,542
Explore More Nonprofits
Top 100 Nonprofits in Wisconsin Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RACINE VOCATIONAL MINISTRY INC with other nonprofits in Wisconsin and across the country.