170 FREEDOM MILWAUKEE 2024 HOST COMMITTEE INC

EIN: 882051288 501(c)(3) Community Improvement

MILWAUKEE, WI

Total Revenue
$50,090,837
Total Expenses
$74,083,485
Total Assets
$5,569,348
Net Assets
$5,569,348
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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
2022
Legal Domicile
WI
Principal Officer
REINCE PRIEBUS
Phone
6082893932
Tax Period
2024-01-01 to 2024-12-31

170 FREEDOM MILWAUKEE 2024 HOST COMMITTEE INC, founded in 2022, is a mid-sized nonprofit in the Community Improvement sector that reported $50.1M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $74.1M exceeded revenue, resulting in a 48% operating deficit.

Mission

TO LESSEN THE BURDENS OF GOVERNMENT BY WORKING WITH AND SUPPORTING THE EFFORTS OF THE CITY OF MILWAUKEE, WISCONSIN TO PROMOTE ECONOMIC DEVELOPMENT AND TOURISM IN THE MILWAUKEE METROPOLITAN AREA, SPECIFICALLY IN CONNECTION WITH THE 2024 REPUBLICAN NATIONAL CONVENTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $48,533,802
Program Service Revenue $826,734
Investment Income $719,321
Other Revenue $10,980
TOTAL REVENUE $50,090,837

Expense Breakdown

Grants Paid $191,225
Salaries & Benefits $1,061,615
Fundraising Expenses $3,204,839
Program Expenses $70,580,844
Other Expenses $69,711,635
TOTAL EXPENSES $74,083,485

Year-over-Year Comparison

2024 2023 Change
Revenue $50,090,837 $37,552,411 +0.3%
Expenses $74,083,485 $7,990,415 +8.3%
Net Income $-23,992,648 $29,561,996 -1.8%
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
9
Independent Members
9
Employees
15
Volunteers
4000

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
5
$0
Total Directors
9
$0
Key Employees
2
$616,506
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED KELLNER CEO 20.00
Officer Director
$0 $0 $0
REINCE PRIEBUS CHAIRMAN 1.00
Officer Director
$0 $0 $0
MURPH BURKE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
TIM SHEEHY TREASURER 1.00
Officer Director
$0 $0 $0
ANTHONY POKOVICH SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN SCHLIFSKE BOARD MEMBER 1.00
Director
$0 $0 $0
KEN JONES BOARD MEMBER 1.00
Director
$0 $0 $0
MATT WALTER BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY WILLIAMS-SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
ALISON PRANGE COO 60.00
Key Emp
$363,500 $0 $363,500
ANNE SLATTERY CFO 60.00
Key Emp
$253,006 $0 $253,006
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 $50,090,837 $74,083,485 $5,569,348 $-23,992,648
2023 $37,552,411 $7,990,415 $29,561,996 $29,561,996
2022 $694,081 $694,081 No data No data
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