MILWAUKEE DEVELOPMENT CORPORATION (EIN 930828687) - 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

2003

Legal Domicile

Principal Officer

PATRICK O'BRIEN

Phone

4142874126

Tax Period

2024-07-01 to 2025-06-30

MILWAUKEE DEVELOPMENT CORPORATION, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 56% operating margin.

Mission

REGIONAL ECONOMIC DEVELOPMENT

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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 $757,797

Program Service Revenue $3,236,565

Investment Income $254,148

Other Revenue $0

TOTAL REVENUE $4,248,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $746,167

Fundraising Expenses $0

Program Expenses $1,300,262

Other Expenses $1,107,262

TOTAL EXPENSES $1,853,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,248,510	$1,524,506	+1.8%
Expenses	$1,853,429	$1,293,600	+0.4%
Net Income	$2,395,081	$230,906	+9.4%

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

$1,133,650

Total Directors

$688,895

Key Employees

$212,601

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ANDERSON	CHAIR	1.00	Officer Director	$0	$0	$0
D PATRICK O'BRIEN	PRESIDENT	40.00	Officer Director	$279,613	$36,911	$316,524
DALE KOOYENGA	SECRETARY/TREASURER	1.00	Officer Director	$0	$20,109	$372,371
MARVIN BYNUM II	DIRECTOR	1.00	Director	$0	$0	$0
CARLA CROSS	DIRECTOR	1.00	Director	$0	$0	$0
ERICA-NICOLE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BOB HILLIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HOEHN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KISSINGER	DIRECTOR	1.00	Director	$0	$0	$0
PAT KRESSIN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS KISSINGER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH KRSNAK	DIRECTOR	1.00	Director	$0	$0	$0
JAY MACK	DIRECTOR	1.00	Director	$0	$0	$0
BARRY MANDEL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MONNAT	DIRECTOR	1.00	Director	$0	$0	$0
JOSH ROLING	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER R SMITH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SUENKENS	DIRECTOR	1.00	Director	$0	$0	$0
RICH TENNESSEN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG KAMMHOLZ	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$45,531	$294,152
LYNN OLBERDING	CHIEF OPERATING OFFICER	1.00	Officer	$0	$38,891	$150,603
JAMES PAETSCH	SENIOR VP AND EXECUTIVE DIRECTOR M7	40.00	Key Emp	$200,798	$11,803	$212,601
REBECCA GRIES	EXECUTIVE DIRECTOR M7	40.00	Highest	$128,835	$39,212	$168,047
THIMOTHY R SHEEHY	EMERITUS	1.00		$0	$33,175	$860,272

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	$4,248,510	$1,853,429	$16,826,694	$2,395,081
2024	$1,524,506	$1,293,600	$4,947,781	$230,906
2023	$21,906,807	$21,876,551	$4,666,006	$30,256
2022	$23,219,043	$27,315,181	$4,444,230	$-4,096,138
2021	$5,669,395	$1,494,670	$16,168,081	$4,174,725
2020	$3,242,928	$1,527,948	$4,897,879	$1,714,980
2019	$2,428,468	$2,449,309	$2,989,615	$-20,841
2018	$2,945,479	$4,079,002	$3,165,645	$-1,133,523

MILWAUKEE DEVELOPMENT CORPORATION