MCC SCHOLARS FOUNDATION INC

EIN: 811458703 501(c)(3) Education

MILWAUKEE, WI

Total Revenue
$217,837
Total Expenses
$188,000
Total Assets
$76,904
Net Assets
$76,904
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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
WI
Principal Officer
THOMAS J HAUSKE JR
Phone
4143625200
Tax Period
2024-01-01 to 2024-12-31

MCC SCHOLARS FOUNDATION INC, founded in 2016, is a small nonprofit in the Education sector that reported $218K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $188K left a modest 14% surplus.

Mission

MCC SCHOLARS FOUNDATION IS A SCHOLARSHIP FUND USED TO PROMOTE EDUCATION THROUGH THE GRANTING OF SCHOLARSHIPS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $217,837
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $217,837

Expense Breakdown

Grants Paid $188,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $188,000
Other Expenses $0
TOTAL EXPENSES $188,000

Year-over-Year Comparison

2024 2023 Change
Revenue $217,837 $195,174 +0.1%
Expenses $188,000 $187,674 +0.0%
Net Income $29,837 $7,500 +3.0%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY T BROWN DIRECTOR 1.00
Director
$0 $0 $0
THOMAS J HAUSKE JR PRESIDENT 1.00
Director
$0 $0 $0
DANIEL M HESS DIRECTOR 1.00
Director
$0 $0 $0
DAVID TARANTINO DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA J ULLRICH DIRECTOR 1.00
Director
$0 $0 $0
SCOTT SCHROEDER DIRECTOR 1.00
Director
$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
2024 $217,837 $188,000 $76,904 $29,837
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