Civic Intelligence

Ofs Holdings Inc

EIN 81-3970591 • 501(c)3 • Madison, WI

Profile

The mission of ofs holdings, inc. Is to support the mission of operation fresh start, inc.

2670 Milwaukee StreetMadison, WI 53704

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

23.60x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

56th percentile

6.3%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

32nd percentile

-1.6%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$4,207,406

Up $61,539 (+1.5%) from 2023

Liabilities

Down

$3,880,834

Down $3,684 (-0.1%) from 2023

Net Assets

Up

$326,572

Up $65,223 (+25%) from 2023

Revenue

Down

$164,415

Down $351,271 (-68%) from 2023

Expenses

Up

$99,192

Up $4,790 (+5.1%) from 2023

Net Income

Down

$65,223

Down $356,061 (-85%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2017: $2,878,971Liabilities 2017: $2,882,244Net Assets 2017: -$3,2732017Assets 2018: $3,467,564Liabilities 2018: $3,552,989Net Assets 2018: -$85,4252018Assets 2019: $3,633,855Liabilities 2019: $4,016,458Net Assets 2019: -$382,6032019Assets 2020: $3,592,634Liabilities 2020: $3,870,899Net Assets 2020: -$278,2652020Assets 2021: $3,656,085Liabilities 2021: $3,874,706Net Assets 2021: -$218,6212021Assets 2022: $3,725,801Liabilities 2022: $3,885,736Net Assets 2022: -$159,9352022Assets 2023: $4,145,867Liabilities 2023: $3,884,518Net Assets 2023: $261,3492023Assets 2024: $4,207,406Liabilities 2024: $3,880,834Net Assets 2024: $326,5722024

Highlighted filing

2024

Assets$4,207,406
Liabilities$3,880,834
Net Assets$326,572

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: -$480Expenses 2017: $2,793Net Income 2017: -$3,2732017Revenue 2018: $0Expenses 2018: $82,152Net Income 2018: -$82,1522018Revenue 2019: $37,242Expenses 2019: $333,565Net Income 2019: -$296,3232019Revenue 2020: $95,538Expenses 2020: $115,244Net Income 2020: -$19,7062020Revenue 2021: $167,287Expenses 2021: $107,643Net Income 2021: $59,6442021Revenue 2022: $169,674Expenses 2022: $110,988Net Income 2022: $58,6862022Revenue 2023: $515,686Expenses 2023: $94,402Net Income 2023: $421,2842023Revenue 2024: $164,415Expenses 2024: $99,192Net Income 2024: $65,2232024

Highlighted filing

2024

Revenue$164,415
Expenses$99,192
Net Income$65,223

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 19, 2025
Return Version
2023v6.0
Gross Receipts
$164,415
Mission and Program Overview

Mission

The mission of ofs holdings, inc. Is to support the mission of operation fresh start, inc.

To support the mission of operation fresh start, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,766,224$2,740,953▼ $25,271
Savings and Temporary Cash Investments$385,624$383,926▼ $1,698
Cash and Non-Interest-Bearing Accounts$66,388$47,723▼ $18,665
Total Assets$4,145,867$4,207,406▲ $61,539
Other Assets Total$927,631$1,034,804▲ $107,173
Liabilities
Other Liabilities$3,884,518$3,870,899▼ $13,619
Deferred Revenue-$9,935-
Total Liabilities$3,884,518$3,880,834▼ $3,684
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$261,349$326,572▲ $65,223
Total Net Assets Fund Balance$261,349$326,572▲ $65,223
Total Liabilities and Net Assets / Fund Balance$4,145,867$4,207,406▲ $61,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,224,798$336,178$2,560,976
Land$468,022-$468,022
Equipment$31,683$146,914$178,597
Other Land Buildings$16,450-$16,450
Other Assets Org$183,537--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Gregory MarkleExecutive Director (thru 04/24)$119,757$119,757

Board Members and Trustees

NameTitle
Jeffrey RussellPresident
David LonsdorfCo-vice President
Salli MartyniakCo-vice President
Brian McmahonExecutive Director
Erica NelsonSecretary
Andy PascalyTreasurer
Trish HowenTreasurer (thru 12/23)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$8,275
Other Revenue
$156,140
Change in Net Assets
$65,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$99,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$92,765--$92,765
Occupancy$6,427--$6,427
Total Functional Expenses$99,192$0$0$99,192
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to Operation Fresh Start, Inc.$3,870,899
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member shall be operation fresh start, inc.

Form 990, Part VI, Section A, Line 7A

The member shall have the power and authority to appoint each director of the corporation.

Form 990, Part VI, Section A, Line 7B

The bylaws may be altered, amended or replaced and new bylaws adopted by the member at any annual or special meetings of the member, or by the directors at any duly called meeting.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the executive director and the finance director of operation fresh start, inc., the supported organization, and a copy is sent to the finance committee of the board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Every staff member is responsible and is aware of the conflict of interest policy. Each staff person signs a statement that they have read and understand the employee handbook that includes the conflict of interest policy. Board members are restricted from participating in and/or voting on agenda items for which they have a direct conflict of interest. The executive director is responsible for assuring there is no conflict of interest with our board members annually.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ofs Holdings Inc
EIN
81-3970591
Phone
6082444721
Address
2670 MILWAUKEE STREET, MADISON, WI 53704

Signing Officer

Name
Brian Mcmahon
Title
Executive Director
Phone
6082444721
Signed
2025-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Mcmahon
Formed
2016
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
6

Preparer

Firm
Wipfli Llp
Address
2501 W BELTLINE HWY STE 501, MADISON, WI 53713
Preparer
Quinn Dugan
Phone
6082741980
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is required to assess whether it is more likely than not that a tax position will be sustained upon examination on the technical merits of the position assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The organization has determined there are no amounts to record as assets or liabilities related to uncertain tax positions.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03870899
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE TO OPERATION FRESH START, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02740953
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01034804
IRS990ScheduleD/TotalLiabilityAmt03870899
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER SHALL BE OPERATION FRESH START, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER SHALL HAVE THE POWER AND AUTHORITY TO APPOINT EACH DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BYLAWS MAY BE ALTERED, AMENDED OR REPLACED AND NEW BYLAWS ADOPTED BY THE MEMBER AT ANY ANNUAL OR SPECIAL MEETINGS OF THE MEMBER, OR BY THE DIRECTORS AT ANY DULY CALLED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE FINANCE DIRECTOR OF OPERATION FRESH START, INC., THE SUPPORTED ORGANIZATION, AND A COPY IS SENT TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EVERY STAFF MEMBER IS RESPONSIBLE AND IS AWARE OF THE CONFLICT OF INTEREST POLICY. EACH STAFF PERSON SIGNS A STATEMENT THAT THEY HAVE READ AND UNDERSTAND THE EMPLOYEE HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE RESTRICTED FROM PARTICIPATING IN AND/OR VOTING ON AGENDA ITEMS FOR WHICH THEY HAVE A DIRECT CONFLICT OF INTEREST. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR ASSURING THERE IS NO CONFLICT OF INTEREST WITH OUR BOARD MEMBERS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OPERATION FRESH START INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237108090
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0JOB TRAINING AND HOUSING REHABILITATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02670 MILWAUKEE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053704
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03870899
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt169600
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OPERATION FRESH START INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1OPERATION FRESH START INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04145867
IRS990/TotalAssetsEOYAmt04207406
IRS990/TotalAssetsGrp/BOYAmt04145867
IRS990/TotalAssetsGrp/EOYAmt04207406
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt099192
IRS990/TotalFunctionalExpensesGrp/TotalAmt099192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03884518
IRS990/TotalLiabilitiesEOYAmt03880834
IRS990/TotalLiabilitiesGrp/BOYAmt03884518
IRS990/TotalLiabilitiesGrp/EOYAmt03880834
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0261349
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0326572
IRS990/TotalOtherCompensationAmt022790
IRS990/TotalProgramServiceExpensesAmt099192
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0164415
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0164415
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04145867
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04207406
IRS990/TotReportableCompRltdOrgAmt096967
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02670 MILWAUKEE STREET
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053704
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN MCMAHON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06082444721
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OFS HOLDINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0OFSH
ReturnHeader/Filer/EIN0813970591
ReturnHeader/Filer/PhoneNum06082444721
ReturnHeader/Filer/USAddress/AddressLine1Txt02670 MILWAUKEE STREET
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053704
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02501 W BELTLINE HWY STE 501

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