For-M INC
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Develops tech talent and companies to boost economic prosperity and create opportunities. For fiscal year 2024 it reported $1.2M in revenue, $1.4M in expenses, and $5.4M in net assets.Pt I
Summary of the Filing
Where the work happens
Regional brandingadvance the image of the milwaukee region as a technology region which attracts both tech companies and workers. This includes promoting our strengths in WATER/ENERGY technology, healthtech, financial payments, and insurtech.
Tech jobssupport efforts to create an environment attractive to technology companies with the goal being to provide career opportunities. This includes our work to develop our tech-based industry clusters, including federal grant opportunities such as NSF economic engines (ENERGY/WATER resiliency in manufacturing), and eda tech hubs…
Pre-Internship
Over 70 individuals served, with 84% from demographics traditionally underrepresented in tech
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Kathy Henrich’s $285K as Chief Executive Officer is at the 84th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Kathy Henrich | $285,285 | $271,575 | $262,500 | $256,367 | $243,624 |
| Laura Schmidt | — | — | $152,988 | $148,015 | — |
| Sarah Sewell | — | $124,000 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 87% | — | — |
| Overhead ratio | 6% | — | — |
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | -10% | — | — |
| Legal fee ratio | 2% | — | — |
| Accounting fee ratio | 6% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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