OCONOMOWOC AREA FOUNDATION 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

2008

Legal Domicile

Principal Officer

YELENA CHESTER

Phone

4142725805

Tax Period

2024-01-01 to 2024-12-31

OCONOMOWOC AREA FOUNDATION INC, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 29% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $1,097,081

OCONOMOWOC AREA FOUNDATION, INC. WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE TO SUPPORT GREATER MILWAUKEE FOUNDATION, INC. THE GREATER MILWAUKEE FOUNDATION IS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) OF THE INTERNAL REVENUE CODE.AS SET FORTH IN THE OCONOMOWOC AREA FOUNDATION'S ARTICLES OF INCORPORATION, "THE CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES HEREAFTER BE OPERATED, EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE GREATER MILWAUKEE FOUNDATION BY FACILITATING GREATER MILWAUKEE FOUNDATION'S PROGRAMS WITHIN THE OCONOMOWOC AREA. SUCH PURPOSES MAY INCLUDE, BUT ARE NOT LIMITED TO, SOLICITING AND RECEIVING CONTRIBUTIONS AND BEQUESTS OF AN ENDOWMENT OR CAPITAL NATURE TO CARRY OUT GREATER MILWAUKEE FOUNDATION'S PROGRAMS BY SUPPORTING CHARITABLE ORGANIZATIONS AND PROGRAMS WITHIN THE OCONOMOWOC AREA. THE CORPORATION MAY ACCOMPLISH ITS PURPOSES DIRECTLY OR BY MAKING GRANTS OR OTHER PAYMENTS FOR CHARITABLE PURPOSES TO THIRD PARTIES."

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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 $384,557

Program Service Revenue $0

Investment Income $653,894

Other Revenue $0

TOTAL REVENUE $1,038,451

Expense Breakdown

Grants Paid $1,097,081

Salaries & Benefits $0

Fundraising Expenses $13,575

Program Expenses $1,097,081

Other Expenses $246,377

TOTAL EXPENSES $1,343,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,038,451	$959,711	+0.1%
Expenses	$1,343,458	$1,005,044	+0.3%
Net Income	$-305,007	$-45,333	+5.7%

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

$935,323

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT W SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
TERRANCE HOLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
RANDY BOURDO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KAY	SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE NEWCOMB	DIRECTOR	1.00	Director	$0	$0	$0
TODD SCHEID	DIRECTOR	1.00	Director	$0	$0	$0
GLENN HANON	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
PAT MCNAMEE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PEHLER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA STACK	DIRECTOR	1.00	Director	$0	$0	$0
REBBECCA SEYMOUR	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
NATE ZASTRO	DIRECTOR	1.00	Director	$0	$0	$0
NICK BICKLER	DIRECTOR	1.00	Director	$0	$0	$0
AMY KAVELARIS	DIRECTOR	1.00	Director	$0	$0	$0
CURT DOWNS	DIRECTOR (START 12/24)	1.00	Director	$0	$0	$0
CURT OLSON	DIRECTOR (START 12/24)	1.00	Director	$0	$0	$0
KEN ROBERTSON	ASSISTANT TREASURER (END 8/24)	1.00	Officer	$0	$23,523	$199,749
ELLEN GILLIGAN	SECRETARY (END 8/24)	1.00	Officer	$0	$61,114	$342,082
GREGORY WESLEY	ASSISTANT SECRETARY (START 8/24)	1.00	Officer	$0	$0	$223,168
YELENA CHESTER	ASSISTANT TREASURER (START 8/24)	1.00	Officer	$0	$39,382	$170,324

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	$1,038,451	$1,343,458	$14,077,637	$-305,007
2023	$959,711	$1,005,044	$13,474,944	$-45,333
2022	$1,521,619	$1,103,043	$12,412,430	$418,576
2021	$2,221,289	$1,157,961	$14,443,013	$1,063,328
2020	$1,147,061	$1,229,652	$12,978,145	$-82,591