MILWAUKEE AREA WORKFORCE FUNDING ALLIANCE INC (EIN 800793130) - 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

2011

Legal Domicile

Principal Officer

JERRY ROBERTS

Phone

4142219500

Tax Period

2024-01-01 to 2024-12-31

MILWAUKEE AREA WORKFORCE FUNDING ALLIANCE INC, founded in 2011, is a micro nonprofit in the Employment sector that reported $28K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $100K exceeded revenue, resulting in a 254% operating deficit.

Mission

LEVERAGE NATIONAL AND LOCAL GRANT RESOURCES TO ENSURE THAT LOW-INCOME, LOW-SKILLED INDIVIDUALS HAVE ACCESS TO TRAINING AND WORKFORCE DEVELOPMENT SERVICES AND TO SUPPORT EMPLOYERS IN MEETING THEIR WORKFORCE NEEDS.

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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 $28,014

Program Service Revenue $0

Investment Income $296

Other Revenue $0

TOTAL REVENUE $28,310

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $66,040

Fundraising Expenses $7,030

Program Expenses $14,982

Other Expenses $31,766

TOTAL EXPENSES $100,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,310	$32,310	-0.1%
Expenses	$100,306	$77,617	+0.3%
Net Income	$-71,996	$-45,307	+0.6%

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

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

$66,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE CORRIGAN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN MAHAN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON REED	TREASURER	1.00	Officer Director	$0	$0	$0
CELIA BENTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHYTANIA BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY ROBERTS	EXECUTIVE DIRECTOR	40.00	Officer	$66,040	$0	$66,040

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	$28,310	$100,306	$105,972	$-71,996
2023	$32,310	$77,617	$177,968	$-45,307
2022	$128,248	$186,770	$223,275	$-58,522
2021	$230,662	$308,349	$281,817	$-77,687
2020	$169,786	$28,159	$359,494	$141,627
2019	$25,334	$58,667	$219,028	$-33,333
2018	$15,296	$225,923	$257,545	$-210,627

MILWAUKEE AREA WORKFORCE FUNDING ALLIANCE INC