Business Forum Inc
Nonprofit profile at a glance
- EIN
- 391633391
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2010
- Location
- Madison, WI, USA
- Phone
- 6088381019
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $20,399
- Expenses
- $18,524
- Assets
- $23,262
- Liabilities
- $4,191
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Shyla Gorham Martin (President)
- Carrie Waters Schmidt (Past President)
People named in this filing
- Shyla Gorham Martin (President)
- Carrie Waters Schmidt (Past President)
- Cora Decorah (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To contribute to the professional growth of women in business and related fields through an organized structure and program of community involvement, educational programming and opportunities to network and effectively contribute to the community.
What it reported doing in 2024
The organization holds monthly membership meetings to provide networking and educational opportunities through programming made up of business and other leaders in the community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Assets have declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 53
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.1%; rating input score 60
- Program expense ratio: 65.5%; rating input score 66
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 9.2%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 11.4% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 28.1% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: -1.2% per year; rating input score 0; 34th percentile among comparable filings
Details
- Where the money goes: 60.1% of revenue deployed · 65.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $12K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.