MILWAUKEE FREEDOM FUND INCORPORATED (EIN 882570189) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

NATE GILLIAM

Phone

4146163773

Tax Period

2023-01-01 to 2023-12-31

MILWAUKEE FREEDOM FUND INCORPORATED, founded in 2022, is a small nonprofit in the Civil Rights & Advocacy sector that reported $212K in total revenue in fiscal year 2023. The organization ran a surplus of $33K, a strong 16% operating margin.

Mission

MILWAUKEE FREEDOM FUND ADVOCATES FOR THE END OF MASS INCARCERATION AND AN IMPROVED QUALITY OF LIFE FOR INDIVIDUALS LIVING IN WISCONSIN.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $212,200

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $212,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,192

Fundraising Expenses $0

Program Expenses $173,392

Other Expenses $46,100

TOTAL EXPENSES $179,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,208	N/A	N/A
Expenses	$179,292	N/A	N/A
Net Income	$32,916	N/A	N/A

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

$113,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATE GILLIAM	EECUTIVE DIR	32.00	Director	$85,115	$0	$85,115
MIA NOEL	DIRECTOR OF	8.00	Director	$28,831	$0	$28,831
DEVIN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CASSANDRA BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
NORA LECESSE	DIRECTOR	1.00	Director	$0	$0	$0
MAYA NEAL	DIRECTOR	1.00	Director	$0	$0	$0
NORA RASMAN	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	$212,208	$179,292	$999,439	$32,916

MILWAUKEE FREEDOM FUND INCORPORATED