THE MORGRIDGE INSTITUTE FOR RESEARCH INC (EIN 208325570) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

KATHI STANEK

Phone

6083164100

Tax Period

2023-07-01 to 2024-06-30

THE MORGRIDGE INSTITUTE FOR RESEARCH INC, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $33.6M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $32.3M left a modest 4% surplus.

Mission

RESEARCH INSTITUTE TO SUPPORT MEDICAL RESEARCH AND EDUCATION AT THE UNIVERSITY OF WISCONSIN-MADISON IN CONJUNCTION WITH THE UNIVERSITY OF WISCONSIN HOSPITALS AND CLINICS AUTHORITY. THE PRIMARY PURPOSES FOR THE INSTITUTE ARE AS FOLLOWS:1) COLLABORATION - SPARK RESEARCH COLLABORATIONS ACROSS THE SCIENCES AND THE UW-HOSPITAL THAT ACCELERATE BREAKTHROUGH DISCOVERIES TO IMPROVE HUMAN HEALTH.2) INTERACTION - FOSTER INTERACTION BETWEEN PUBLIC AND PRIVATE RESEARCH THAT BREAKS DOWN BARRIERS BETWEEN RESEARCHERS, LABS AND SCIENTIFIC DISCIPLINES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,528,597

Program Service Revenue $68,461

Investment Income $-183,099

Other Revenue $155,372

TOTAL REVENUE $33,569,331

Expense Breakdown

Grants Paid $1,519,557

Salaries & Benefits $17,403,439

Fundraising Expenses $1,166,117

Program Expenses $21,497,809

Other Expenses $13,336,179

TOTAL EXPENSES $32,259,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,569,331	$26,189,437	+0.3%
Expenses	$32,259,175	$28,100,888	+0.1%
Net Income	$1,310,156	$-1,911,451	-1.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

182

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,241,819

Total Directors

$1,778,693

Key Employees

$346,785

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK IVERSON	TRUSTEE	4.00	Director	$15,000	$171,013	$948,458
BRAD SCHWARTZ	CEO/TRUSTEE	40.00	Officer Director	$521,700	$50,535	$572,235
DEBORAH KELLER	TRUSTEE	2.00	Director	$15,000	$0	$42,000
WINSLOW L SARGEANT	TRUSTEE	2.00	Director	$15,000	$0	$42,000
PATRICIA LIPTON	TRUSTEE	2.00	Director	$15,000	$0	$39,000
JACQUELYN FREDRICK	TRUSTEE/CHAIR	2.00	Officer Director	$15,000	$0	$15,000
MARY BURKE	TRUSTEE	2.00	Director	$15,000	$0	$15,000
HARVEY COHEN	TRUSTEE	2.00	Director	$15,000	$0	$15,000
JAMES DAHLBERG	TRUSTEE	2.00	Director	$15,000	$0	$15,000
JOHN NEIS	TRUSTEE	2.00	Director	$15,000	$0	$15,000
JOHN BURRIS	TRUSTEE	2.00	Director	$15,000	$0	$15,000
THOMAS PYLE JR	TRUSTEE	2.00	Director	$15,000	$0	$15,000
THOMAS KRUMMEL	TRUSTEE (UNTIL 2/2024)	2.00	Director	$10,000	$0	$10,000
TESS MORGRIDGE GARDNER	TRUSTEE	2.00	Director	$10,000	$0	$10,000
ERIC MORGRIDGE	TRUSTEE	2.00	Director	$10,000	$0	$10,000
FRED ROBERTSON	TRUSTEE/VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN MORGRIDGE	TRUSTEE	2.00	Director	$0	$0	$0
TASHIA MORGRIDGE	TRUSTEE	2.00	Director	$0	$0	$0
KATHI STANEK	CFO/COO/TREASURER	40.00	Officer	$339,900	$48,592	$388,492
BRIAN MATTMILLER	CHIEF COMMUNICATIONS OFF./SECRETARY	40.00	Officer	$218,247	$47,845	$266,092
WILLIAM SWISHER JR	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$291,508	$55,277	$346,785
MELISSA SKALA	LEAD INVESTIGATOR	40.00	Highest	$274,579	$52,055	$326,634
PAUL AHLQUIST	LEAD INVESTIGATOR	40.00	Highest	$221,504	$48,087	$269,591
RONALD STEWART	ASSOCIATE DIRECTOR - BIOIN	40.00	Highest	$201,577	$36,276	$237,853
JILL WALDER	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$175,321	$43,254	$218,575
DOUG EKLUND	CONTROLLER	40.00	Highest	$182,489	$31,103	$213,592

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$33,569,331	$32,259,175	$88,421,400	$1,310,156
2023	$26,189,437	$28,100,888	$87,077,299	$-1,911,451
2022	$31,260,275	$28,634,578	$39,159,232	$2,625,697
2021	$29,381,681	$27,481,598	$37,239,954	$1,900,083
2020	$31,940,296	$32,476,401	$32,667,794	$-536,105
2019	$31,704,046	$31,285,881	$33,580,884	$418,165
2018	$355,011,811	$376,385,621	$37,864,329	$-21,373,810

THE MORGRIDGE INSTITUTE FOR RESEARCH INC