Madison Workers Cooperative
Overview
Mission
To expand the promise of worker ownership to marginalized communities, and to ensure that cooperative development in those communities is strategic, effective, and adequately resourced. A Wisconsin only version of the Democracy at Work Institute.
What it reported doing in 2024
Capacity support: contracting with other cooperative organizations to meet their mission, serving as a fiscal sponsors for cooperatives and solidarity economy projects operating cooperatively
Operating model
- Revenue model
- Donor-supported. 84% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 64% for direct work, and 36% for grants.
Nonprofit profile at a glance
- EIN
- 461361962
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Headquarters
- Madison, WI, USA
- Phone
- 6468724677
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.5%; rating input score 73
- Program expense ratio: 81.4%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 9.8%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 29.4% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 73.5% of revenue deployed · 81.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $126K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 annual filings from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
8 people listed
Source: IRS Form 990-EZ. Selected filing: FY2024.