MILWAUKEE, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $171K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $220K exceeded revenue, resulting in a 29% operating deficit.
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF FIRST STAGE MILWAUKEE, INC. ("FSM"), SO LONG AS FSM IS DESCRIBED IN IRC SECTION 509(A)(1) OR (2), AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. ("MYSO"), SO LONG AS MYSO IS DESCRIBED IN IRC SECTION 509(A)(1) OR (2); TO ENGAGE IN ACTIVITIES RELATING TO THE AFOREMENTIONED PURPOSES; AND TO INVEST IN, RECEIVE, HOLD, USE AND DISPOSE OF ALL PROPERTY, REAL OR PERSONAL, AS MAY BE NECESSARY OR DESIRABLE TO CARRY INTO EFFECT AFOREMENTIONED PURPOSES.AS PART OF ITS MISSION TO SUPPORT FSM AND MYSO, THE FOUNDATION IS ACTING AS A LEVERAGE LENDER IN A NEW MARKET TAX CREDIT TRANSACTION INVOLVING MILWAUKEE YOUTH ARTS CENTER, INC. AS WELL AS FUNDRAISING AND HOLDING FUNDS WITH DONOR RESTRICTION TO BE USED AS PART OF THE MYAC CAPITAL CAMPAIGN.
OUR PRINCIPAL PROGRAM IS TO PROVIDE CHARITABLE AND EDUCATIONAL SUPPORT TO FIRST STAGE AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA THROUGH THE MILWAUKEE YOUTH ARTS CENTER VIA THE TERMS OF A CONTRIBUTION...
OUR PRINCIPAL PROGRAM IS TO PROVIDE CHARITABLE AND EDUCATIONAL SUPPORT TO FIRST STAGE AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA THROUGH THE MILWAUKEE YOUTH ARTS CENTER VIA THE TERMS OF A CONTRIBUTION AGREEMENT BETWEEN THE PARTIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $170,539 | $204,687 | -0.2% |
| Expenses | $219,759 | $327,921 | -0.3% |
| Net Income | $-49,220 | $-123,234 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JACK NELSON | CHAIR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| SUE CLAUSING | VICE-CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| LAUREN VOLLRATH | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| CHAD TESSMER | EXECUTIVE DIRECTOR | 10.00 |
Officer
|
$0 | $0 | $122,416 |
| QINGQIU LI | TREASURER | 0.50 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $170,539 | $219,759 | $9,739,179 | $-49,220 |
| 2024 | No data | No data | No data | No data |
| 2023 | $135,060 | $295,618 | $9,914,311 | $-160,558 |
| 2022 | $252,358 | $462,638 | $10,157,496 | $-210,280 |
| 2021 | $10,905,403 | $620,254 | $10,317,722 | $10,285,149 |
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