BRIGHTSTAR WISCONSIN FOUNDATION INC

EIN: 901001588 501(c)(3) Community Improvement

MILWAUKEE, WI

Total Revenue
$267,929
Total Expenses
$344,474
Total Assets
$9,734,952
Net Assets
$9,731,383
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
WI
Principal Officer
TODD SOBOTKA
Phone
4142246000
Tax Period
2024-01-01 to 2024-12-31

BRIGHTSTAR WISCONSIN FOUNDATION INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $268K in total revenue in fiscal year 2024. Revenue surged 330% from the prior year, signaling strong growth momentum. Expenses of $344K exceeded revenue, resulting in a 29% operating deficit.

Mission

BRIGHTSTAR WISCONSIN FOUNDATION ACCEPTS CHARITABLE DONATIONS AS A 501(C)(3) ORGANIZATION AND USES THE DONATIONS TO TAKE CONVERTIBLE DEBT AND EQUITY POSITIONS IN FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS IN WISCONSIN. EARNINGS AND RETURN OF PROCEEDS OF INVESTMENTS WILL BE REINVESTED IN OTHER FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,120,942
Program Service Revenue $-977,503
Investment Income $25,252
Other Revenue $99,238
TOTAL REVENUE $267,929

Expense Breakdown

Grants Paid $0
Salaries & Benefits $275,787
Fundraising Expenses $40,742
Program Expenses $178,972
Other Expenses $68,687
TOTAL EXPENSES $344,474

Year-over-Year Comparison

2024 2023 Change
Revenue $267,929 $62,273 +3.3%
Expenses $344,474 $436,848 -0.2%
Net Income $-76,545 $-374,575 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
8
Employees
3
Volunteers
16

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
6
$236,975
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD SOBOTKA EXECUTIVE DIRECTOR 40.00
Officer
$175,422 $32,364 $207,786
FRED RAASCH VICE PRESIDENT 32.00
Officer
$29,189 $0 $29,189
THOMAS SHANNON EXECUTIVE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JEFF HARRIS PRESIDENT 1.00
Officer Director
$0 $0 $0
DANIEL MATOLA TREASURER 1.00
Officer Director
$0 $0 $0
ANTHONY HANDZLIK SECRETARY 1.00
Officer Director
$0 $0 $0
ADAM BERGER DIRECTOR 1.00
Director
$0 $0 $0
MARK BURISH DIRECTOR 1.00
Director
$0 $0 $0
PAM EVASON DIRECTOR 1.00
Director
$0 $0 $0
JOEY FRAYNE DIRECTOR 1.00
Director
$0 $0 $0
DAN SHANNON DIRECTOR 1.00
Director
$0 $0 $0
ANDY SHRAGO 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 $267,929 $344,474 $9,734,952 $-76,545
2023 $62,273 $436,848 $9,828,444 $-374,575
2022 $94,906 $382,015 $10,204,785 $-287,109
2021 $1,965,225 $668,348 $10,555,163 $1,296,877
2020 $1,360,032 $159,703 $9,265,471 $1,200,329
2019 $480,905 $494,791 $8,065,728 $-13,886
2018 $562,790 $331,322 $8,071,229 $231,468
Explore More Nonprofits
→Top 100 Nonprofits in Wisconsin →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BRIGHTSTAR WISCONSIN FOUNDATION INC with other nonprofits in Wisconsin and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.