MILWAUKEE SPEED ACADEMY

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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

2023

Legal Domicile

Principal Officer

NEYAHTE MARTINS

Phone

4143331131

Tax Period

2024-01-01 to 2024-12-31

MILWAUKEE SPEED ACADEMY, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $226K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 47% operating margin.

Mission

Milwaukee Speed Academy s mission is to maximize the opportunities for our athletes to reach the highest levels of achievement in Track and Field. Our athletes will learn the core values of achievement, accountability, respect, integrity and sportsmanship that build character and promote excellence.

Program Service Accomplishments

Program 1

Milwaukee Speed Academy s mission is to maximize the opportunities for our athletes to reach the highest levels of achievement in Track and Field. Our athletes will learn the core values of...

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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 (2024)

Revenue Breakdown

Contributions & Grants $226,055

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $120,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,055	$123,419	+0.8%
Expenses	$120,000	N/A	N/A
Net Income	$106,055	$123,419	-0.1%

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

N/A

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

$8,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MARTINS	PRESIDENT	20	Officer	$4,200	$0	$4,200
NEYAHTE MARTINS	TREASURE	20	Officer	$4,200	$0	$4,200
MELVIN REBON	SECRETARY	10	Officer	$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	$226,055	$120,000	$120,000	$106,055
2023	$123,419	$123,419	$125,000	No data