MILWAUKEE GAY SPORTS NETWORK INC (EIN 811021791) - 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

2016

Legal Domicile

Principal Officer

PETER NYS

Phone

4144693002

Tax Period

2020-01-01 to 2020-12-31

MILWAUKEE GAY SPORTS NETWORK INC, founded in 2016, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $41K in total revenue in fiscal year 2020. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $36K left a modest 12% surplus.

Mission

THE MILWAUKEE GAY SPORTS NETWORK (MGSN) IS A NON-PROFIT CORPORATION AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE OF 1986, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. MGSN BELIEVES THAT THE ATHLETIC COMPETITION CAN BUILD INDIVIDUAL DEVELOPMENT WHILE STRENGTHENING THE COMMUNITY, AND THE MGSN'S PURPOSE IS TO PROMOTE ORGANIZED ATHLETIC GROUPS AND ACTIVITIES AMONGST THE LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) COMMUNITY AND THEIR ALLIES IN THE GREATER MILWAUKEE AREA AND BEYOND. THE MGSN SHALL ALSO PROMOTE OR SUPPORT ORGANIZATIONS AND ASSOCIATIONS WORKING TO PROMOTE HEALTH AND WELL-BEING IN THE LGBT COMMUNITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $40,820

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,307

Other Expenses $36,055

TOTAL EXPENSES $36,055

Year-over-Year Comparison

	2020	2019	Change
Revenue	$40,820	$207,856	-0.8%
Expenses	$36,055	$212,555	-0.8%
Net Income	$4,765	$-4,699	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BURNEY	VICE PRESIDE	N/A	Officer	$0	$0	$0
MARK KLEMME	TREASURER	N/A	Officer	$0	$0	$0
JIM LAUTENBACH	SECRETARY	N/A	Officer	$0	$0	$0
PETER NYS	PRESIDENT	N/A	Officer	$0	$0	$0

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
2020	$40,820	$36,055	$30,942	$4,765
2019	$207,856	$212,555	$26,177	$-4,699
2018	$227,502	$212,589	$30,876	$14,913

MILWAUKEE GAY SPORTS NETWORK INC