Metropolitan Milwaukee Association of Commerce

Nonprofit profile at a glance

EIN
390475230
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Milwaukee, WI, USA
Phone
4142874100
Rating confidence
Limited

Official website

Reported finances

Revenue
$11,154,331
Expenses
$8,412,329
Assets
$21,222,960
Liabilities
$2,893,943

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

91 people listed

Executive titles in this filing

  • DALE KOOYENGA (PRESIDENT)
  • GINA BALKE (EXECUTIVE DIRECTOR OF FAB)
  • ANDREW DAVIS (VICE PRESIDENT OF GOVERNME)
  • CORREY JOE BIDDLE (VICE PRESIDENT OF COMMUNIT)
  • JANE TRENCHARD BACKES (VICE PRESIDENT OF INVESTOR)

Highest reported compensation

  • TIMOTHY SHEEHY (SENIOR ADVISOR EMERITUS): $860,272 total reported compensation
  • DALE KOOYENGA (PRESIDENT): $372,371 total reported compensation
  • CRAIG KAMMHOLZ (CHIEF FINANCIAL OFFICER): $294,152 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Improve metro milwaukee as a place to create jobs, invest capital and grow business.

What it reported doing in 2024

The milwaukee 7 project creates a regional cooperative economic development platform for the seven counties of southeastern Wisconsin: kenosha, milwaukee, ozaukee, racine, walworth, Washington and waukesha.council of small business executives helps successful businesses improve through ceo rountables, cosbe management center, congressional forums and the future 50.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 88
  • Accountability: 95
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 98.8%; rating input score 99; 31st percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.6%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 2.52; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 29.3%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 83 of 84 board members independent · 8 of 9 filing controls reported
  • Programs: 8 filed program accomplishments
  • Leadership: top reported pay $860K · 91 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.7M reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • 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.

  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Officer compensation ratio scored 2/100.