FOR-M INC

EIN: 843213548 Community Improvement

SUSSEX, WI

Total Revenue
$1,298,163
Total Expenses
$1,449,958
Total Assets
$6,278,195
Net Assets
$5,662,173
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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
2019
Legal Domicile
WI
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

TO INCLUSIVELY DOUBLE TECH TALENT IN SOUTHEAST WISCONSIN IN ORDER TO DRIVE ENDURING ECONOMIC PROSPERITY AND CREATE LIFE CHANGING OPPORTUNITIES IN TECHNOLOGY. OUR FOUR AREAS OF FOCUS INCLUDE: 1. ATTRACTION OF TECH TALENT AND COMPANIES TO THE REGION2. BUILDING A DIVERSE TECH TALENT PIPELINE3. SCALING THE INNOVATION ECOSYSTEM 4. BUILDING CONNECTIONS AND 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%)

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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
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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
11
Independent Members
11
Employees
9
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
4
$298,751
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
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
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