Historic Haymarket Milwaukee Inc

EIN: 871376165 501(c)(3) Arts, Culture & Humanities

MILWAUKEE, WI

Total Revenue
$75,670,824
Total Expenses
$132,112,246
Total Assets
$35,392,254
Net Assets
$25,045,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WI
Principal Officer
TOM OECHLER
Phone
4142786939
Tax Period
2025-01-01 to 2025-12-31

Historic Haymarket Milwaukee Inc, founded in 2021, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $75.7M in total revenue in fiscal year 2025. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $132.1M exceeded revenue, resulting in a 75% operating deficit.

Mission

HISTORIC HAYMARKET MILWAUKEE HHM EXISTS TO INVEST IN, RECEIVE, HOLD, USE, AND DISPOSE OF ALL PROPERTY, REAL OR PERSONAL, AS MAY BE NECESSARY OR DESIREABLE FOR THE PURPOSE OF DEVELOPING AND CONSTRUCTING A PERMANENT MUSEUM BUILDING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $75,474,995
Program Service Revenue $0
Investment Income $195,829
Other Revenue $0
TOTAL REVENUE $75,670,824

Expense Breakdown

Grants Paid $131,344,408
Salaries & Benefits $0
Fundraising Expenses $25,000
Program Expenses $131,887,390
Other Expenses $742,838
TOTAL EXPENSES $132,112,246

Year-over-Year Comparison

2025 2024 Change
Revenue $75,670,824 $46,076,166 +0.6%
Expenses $132,112,246 $4,093,094 +31.3%
Net Income $-56,441,422 $41,983,072 -2.3%
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
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVAN GAMBOA Chairman 1.00
Officer Director
$0 $0 $0
ALEC FRASER Chairman 2.00
Officer Director
$0 $0 $0
CRAIG KAMMHOLZ Treasurer 1.00
Officer Director
$0 $0 $0
JUSTIN STEINBERG Director 1.00
Director
$0 $0 $0
JOANNE ANTON Director 1.00
Director
$0 $0 $0
MICHAEL BELOT Director 1.00
Director
$0 $0 $0
BRUCE KEYES Director 1.00
Director
$0 $0 $0
KHALAF KHALAF Director 1.00
Director
$0 $0 $0
RAISA KOLTUN Director 1.00
Director
$0 $0 $0
SARA MEANEY Director 1.00
Director
$0 $0 $0
JOEL PLANT Director 1.00
Director
$0 $0 $0
TOM RICHTMAN 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
2025 $75,670,824 $132,112,246 $35,392,254 $-56,441,422
2024 No data No data No data No data
2023 $26,598,597 $5,039,306 $51,921,069 $21,559,291
2022 $18,894,852 $8,414,171 $27,769,629 $10,480,681
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