ULGM COMMUNITY & ECONOMIC DEVELOPMENT CORP

EIN: 852675623 501(c)(3)

MADISON, WI

Total Revenue
$140,000
Total Expenses
$105,060
Total Assets
$3,610,296
Net Assets
$110,296
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
WI
Principal Officer
RUBEN L ANTHONY JR
Phone
6087291200
Tax Period
2023-01-01 to 2023-12-31

ULGM COMMUNITY & ECONOMIC DEVELOPMENT CORP, founded in 2020, is a small nonprofit that reported $140K in total revenue in fiscal year 2023. The organization ran a surplus of $35K, a strong 25% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1
Expenses: $105,000 Revenue: $0

TO PROVIDE SUPPORT AND ASSISTANCE TO THE URBAN LEAGUE AND THE URBAN LEAGUE'S MISSION THROUGH: SOLICITING FUNDS FOR MUTUALLY AGREED UPON PROJECTS THAT FURTHER THE GOALS AND MISSION OF THE URBAN...

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TO PROVIDE SUPPORT AND ASSISTANCE TO THE URBAN LEAGUE AND THE URBAN LEAGUE'S MISSION THROUGH: SOLICITING FUNDS FOR MUTUALLY AGREED UPON PROJECTS THAT FURTHER THE GOALS AND MISSION OF THE URBAN LEAGUE; MANAGING RESOURCES AND DISTRIBUTING FUNDS NEEDED BY THE URBAN LEAGUE AND THE AFRICAN AMERICAN COMMUNITY IN GREATER MADISON; AND PROMOTING AWARENESS OF THE URBAN LEAGUE AND ITS MISSION AND AGENDA. THE URBAN LEAGUE OF GREATER MADISON, INC. (THE "URBAN LEAGUE") IS AN IRS APPROVED PUBLIC CHARITY WITH A MISSION TO ENSURE THAT AFRICAN AMERICANS AND OTHER COMMUNITY MEMBERS ARE EDUCATED, EMPLOYED AND EMPOWERED TO LIVE WELL, ADVANCE PROFESSIONALLY AND CONTRIBUTE TO THE COMMON GOOD IN THE 21ST CENTURY, WITH THE VISION OF MAKING GREATER MADISON THE BEST PLACE IN THE MIDWEST FOR EVERYONE TO LIVE, LEARN, AND WORK. THE URBAN LEAGUE'S AGENDA IS: TO EDUCATE, THROUGH SUPPORTING AND ENHANCING THE LEARNING EXPERIENCES OF MADISON YOUTH IN THE CLASSROOM AND COMMUNITY; TO EMPLOY, BY ENSURING THAT AFRICAN AMERICANS AND OTHERS OF WORKING AGE ARE ABLE TO IDENTIFY, TRAIN FOR AND SECURE EMPLOYMENT IN STABLE AND EMERGING INDUSTRIES; AND TO EMPOWER, BY ENSURING THAT PEOPLE OF COLOR ARE ADEQUATELY EMPOWERED WITH THE OPPORTUNITY TO TRANSFORM THEIR OWN COMMUNITIES, PARTICIPATE IN SOCIAL AND CULTURAL ACTIVITIES, AND CONTRIBUTE TO THE COMMON GOOD OF THE MADISON REGION.

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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 $0
Program Service Revenue $0
Investment Income $140,000
Other Revenue $0
TOTAL REVENUE $140,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,000
Other Expenses $105,060
TOTAL EXPENSES $105,060

Year-over-Year Comparison

2023 2022 Change
Revenue $140,000 $140,000 N/A
Expenses $105,060 $105,335 0.0%
Net Income $34,940 $34,665 +0.0%
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
5
Independent Members
4
Employees
N/A
Volunteers
4

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
$247,254
Total Directors
5
$247,254
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUBEN L ANTHONY JR PRESIDENT 1.00
Officer Director
$0 $10,799 $247,254
GLORIA LADSON-BILLINGS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BETH CURLEY-PRESTINE SECRETARY 1.00
Officer Director
$0 $0 $0
SALLY MARTNIAK TREASURER 1.00
Officer Director
$0 $0 $0
CLAUDE GILMORE 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 No data No data No data No data
2023 $140,000 $105,060 $3,610,296 $34,940
2022 $140,000 $105,335 $3,575,356 $34,665
2021 $162,548 $121,857 $3,540,691 $40,691
2020 $22,548 $16,625 $3,522,548 $5,923
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