ABG Wellness Group Inc

EIN: 812081323 501(c)(3) Mental Health

Milwaukee, WI

Total Revenue
$3,889,129
Total Expenses
$3,925,895
Total Assets
$1,424,539
Net Assets
$1,315,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
WI
Principal Officer
Alex Goldman
Phone
4142927060
Tax Period
2024-01-01 to 2024-12-31

ABG Wellness Group Inc, founded in 2016, is a community nonprofit in the Mental Health sector that reported $3.9M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

Provide mental health services to disadvantaged individuals.

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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 $0
Program Service Revenue $3,881,827
Investment Income $6,562
Other Revenue $740
TOTAL REVENUE $3,889,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,723,488
Fundraising Expenses $0
Program Expenses $3,925,895
Other Expenses $202,407
TOTAL EXPENSES $3,925,895

Year-over-Year Comparison

2024 2023 Change
Revenue $3,889,129 $4,204,211 -0.1%
Expenses $3,925,895 $3,968,043 0.0%
Net Income $-36,766 $236,168 -1.2%
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
3
Independent Members
3
Employees
48
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
2
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alex Goldman President 40.00
Officer Director
$0 $0 $0
Elliot Broch Secretary 1.00
Officer Director
$0 $0 $0
Justin Lubin Treasurer 40.00
Key Emp
$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 $3,889,129 $3,925,895 $1,424,539 $-36,766
2023 $4,204,211 $3,968,043 $1,460,922 $236,168
2022 $4,122,642 $3,728,316 $1,200,530 $394,326
2021 $3,571,807 $3,349,020 $729,115 $222,787
2020 $3,067,618 $3,056,094 $501,328 $11,524
2019 $3,088,452 $3,093,756 $492,349 $-5,304
2018 $2,433,490 $2,284,235 $497,839 $149,255
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