HISPANIC PROFESSIONALS OF GREATER MILWAUKEE INC
Mission Statement
Our mission is to increase economic prosperity and grow Latino influence for a stronger Wisconsin. Our vision is a Wisconsin where economic and social advancement is a reality for all Latinos and where we reach the highest potential for ourselves, our families, and our communities. We strive to support and empower Hispanic professionals to attain their full economic and educational potential by providing access to jobs and internships, scholarships, leadership development, and mentoring opportunities. Last year, we served more than 3,600 Hispanic students and professionals in Greater Milwaukee. HPGM was established in 2001 with the vision of showcasing Hispanic talent in the Milwaukee area and providing Hispanic professionals with the support they need to reach increasing levels of success in their careers. Nearly twenty-five years later, we remain focused on creating a Wisconsin where Hispanics reach their full potential. For more than two decades, we have served as a pillar of the community. We work tirelessly to remove financial barriers for students, connect and unite our Hispanic community, and provide professionals with the expertise and resources to succeed in their careers; professional development programming, scholarship support, and community building remain the core of our mission.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
46.2% | 83.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
42.9% | 13.2% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.9% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
157.2% | 10.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.4 mo | 11.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
42.4% | 3.1% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
77.0% | 92.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
7.6% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
2.7% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-18.5% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $671K | $795K | $425K | 46.2% | 6 |
| 2023 | $623K | $774K | $549K | 53.0% | 4 |
| 2022 | $1.0M | $604K | $700K | 41.4% | 4 |
| 2021 | $880K | $401K | N/A | — | 5 |
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