FOR-M INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

KATHY HENRICH

Phone

4144844034

Tax Period

2023-01-01 to 2023-12-31

FOR-M INC, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

INCLUSIVELY DOUBLE TECH TALENT IN THE MILWAUKEE REGION IN ORDER TO DRIVE ENDURING ECONOMIC PROSPERITY AND CREATE LIFE CHANGING JOBS

Program Service Accomplishments

Program 1

REGIONAL BRANDINGADVANCE THE IMAGE OF THE MILWAUKEE REGION AS A TECHNOLOGY REGION WHICH ATTRACTS BOTH TECH COMPANIES AND WORKERS. THIS INCLUDES PROMOTING OUR STRENGTHS IN WATER/ENERGY TECHNOLOGY...

REGIONAL BRANDINGADVANCE THE IMAGE OF THE MILWAUKEE REGION AS A TECHNOLOGY REGION WHICH ATTRACTS BOTH TECH COMPANIES AND WORKERS. THIS INCLUDES PROMOTING OUR STRENGTHS IN WATER/ENERGY TECHNOLOGY, HEALTHTECH, FINANCIAL PAYMENTS, AND INSURTECH.

Program 2

TECH JOBSSUPPORT EFFORTS TO CREATE AN ENVIRONMENT ATTRACTIVE TO TECHNOLOGY COMPANIES WITH THE GOAL BEING TO PROVIDE CAREER OPPORTUNITIES. THIS INCLUDES OUR WORK TO DEVELOP OUR TECH-BASED INDUSTRY...

TECH JOBSSUPPORT EFFORTS TO CREATE AN ENVIRONMENT ATTRACTIVE TO TECHNOLOGY COMPANIES WITH THE GOAL BEING TO PROVIDE CAREER OPPORTUNITIES. THIS INCLUDES OUR WORK TO DEVELOP OUR TECH-BASED INDUSTRY CLUSTERS, INCLUDING FEDERAL GRANT OPPORTUNITIES SUCH AS NSF ECONOMIC ENGINES (ENERGY/WATER RESILIENCY IN MANUFACTURING), AND EDA TECH HUBS (BIO-TECHNOLOGY)

Program 3

PRE-INTERNSHIP - OVER 85 INDIVIDUALS SERVED, WITH 87% FROM DEMOGRAPHICS TRADITIONALLY UNDERREPRESENTED IN TECH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,110,053

Program Service Revenue $30,641

Investment Income $157,366

Other Revenue $103

TOTAL REVENUE $1,298,163

Expense Breakdown

Grants Paid $537,500

Salaries & Benefits $431,136

Fundraising Expenses $0

Other Expenses $481,322

TOTAL EXPENSES $1,449,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,298,163	$1,633,369	-0.2%
Expenses	$1,449,958	$1,046,213	+0.4%
Net Income	$-151,795	$587,156	-1.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

260

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

$298,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY MULROY	CHAIR	0.50	Officer Director	$0	$0	$0
SANGEETHA RAI	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAN RENOUARD	TREASURER	0.50	Officer Director	$0	$0	$0
REBECCA JANUTIS	DIRECTOR	0.50	Director	$0	$0	$0
WENDY SCHAFER	DIRECTOR	0.50	Director	$0	$0	$0
ERIC SENN	DIRECTOR	0.50	Director	$0	$0	$0
RASHI KHOSLA	DIRECTOR	0.50	Director	$0	$0	$0
GORDON NAMENI	DIRECTOR	0.50	Director	$0	$0	$0
MATT CORDIO	DIRECTOR	0.50	Director	$0	$0	$0
JASON FIELDS	DIRECTOR	0.50	Director	$0	$0	$0
MARA LORD	DIRECTOR	0.50	Director	$0	$0	$0
KATHY HENRICH	CHIEF EXECUTIVE OFFICER	40.00	Officer	$271,575	$27,176	$298,751
SARAH SEWELL	DIR. OF WORKFORCE PLANNING	40.00	Highest	$124,000	$3,600	$127,600

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	No data	No data	No data	No data
2023	$1,298,163	$1,449,958	$6,278,195	$-151,795
2022	$1,633,369	$1,046,213	$5,957,326	$587,156
2021	$1,425,191	$1,186,498	$6,046,032	$238,693
2020	$4,937,462	$791,717	$5,372,217	$4,145,745
2019	$1,498,500	$343,231	$1,500,000	$1,155,269