MERITER FOUNDATION INC

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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

1970

Legal Domicile

Principal Officer

REBECCA MADSON

Phone

6084175800

Tax Period

2023-01-01 to 2023-12-31

MERITER FOUNDATION INC, founded in 1970, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.2M left a modest 8% surplus.

Mission

MERITER FOUNDATION EXISTS TO RAISE AND MANAGE GIFTS IN SUPPORT OF THE PROGRAMS AND SERVICES THAT ADVANCE THE MISSION OF MERITER HOSPITAL, INC.

Program Service Accomplishments

Program 1

Expenses: $1,659,100 Revenue: $873,221

MERITER FOUNDATION, INC. IS A NOT-FOR-PROFIT 501 (C)(3) CHARITABLE ORGANIZATION THAT RAISES, INVESTS, GRANTS AND STEWARDS GIFTS ON BEHALF OF MERITER HOSPITAL, INC. THOUSANDS OF INDIVIDUALS AND...

MERITER FOUNDATION, INC. IS A NOT-FOR-PROFIT 501 (C)(3) CHARITABLE ORGANIZATION THAT RAISES, INVESTS, GRANTS AND STEWARDS GIFTS ON BEHALF OF MERITER HOSPITAL, INC. THOUSANDS OF INDIVIDUALS AND ORGANIZATIONS HAVE OFFERED CHARITABLE GIVING SUPPORT THAT HAS HELPED ADVANCE MERITER'S COMMITMENT TO THE HEALTHCARE NEEDS OF OUR COMMUNITY. SUCH GIFTS HAVE A POSITIVE AND POWERFUL IMPACT THAT SPANS GENERATIONS AND EXTENDS BEYOND THE DOORS OF MERITER HOSPITAL, INC. INTO THE HEART OF DANE COUNTY AND BEYOND. PHILANTHROPY PROVIDES A MARGIN OF EXCELLENCE THAT ALLOWS MERITER TO ACCOMPLISH PROJECTS AND IMPLEMENT PROGRAMS THAT MIGHT NOT OTHERWISE BE POSSIBLE. IN ADDITION TO RAISING MONEY FOR PROGRAMS AND CAPITAL PROJECTS, THE FOUNDATION GRANTS FUNDS FROM EXISTING ASSETS TO SELECT RESEARCH AND HEALTH EDUCATION INITIATIVES.

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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 $1,790,154

Program Service Revenue $873,221

Investment Income $807,668

Other Revenue $0

TOTAL REVENUE $3,471,043

Expense Breakdown

Grants Paid $1,401,718

Salaries & Benefits $929,942

Fundraising Expenses $860,539

Program Expenses $1,659,100

Other Expenses $876,055

TOTAL EXPENSES $3,207,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,471,043	$5,684,080	-0.4%
Expenses	$3,207,715	$2,541,048	+0.3%
Net Income	$263,328	$3,143,032	-0.9%

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

Volunteers

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

$1,601,671

Total Directors

$2,721,987

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ARNETT	PRESIDENT & CEO UPH-MERITER	1.00	Officer Director	$0	$96,577	$839,249
BOBBY ADAMOV	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TRICIA BRAUN TO 923	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY CREMER BERKENSTADT	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY CASALI	CNO UPH-MERITER	1.00	Director	$0	$61,766	$458,419
DIEGO CAMPOVERDE CISNEROS TO 523	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
MARY CULLEN	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA MADSON	PRESIDENT, FOUNDATION	50.00	Officer Director	$244,955	$41,693	$286,648
GABE JAVIER TO 923	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY LEVY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAS MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT MESSINGER TO 523	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA NOEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE SCHMITT MD	BOARD MEMBER	1.00	Director	$0	$51,373	$491,296
JOHN SIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY SULLIVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALIA STEVENSON TO 523	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT VANDERLOO	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
PAM WETZEL MD	CHIEF MED OFFICER UPH-MERITER	1.00	Director	$0	$35,992	$646,375
MAI ZONG VUE TO 523	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH ERDMAN	CFO UPH-MERITER	1.00	Officer	$0	$48,661	$475,774
BRIANNA YANKE	SR DIRECTOR DEVELOPMENT	45.00	Highest	$116,666	$10,327	$126,993
ART NIZZA DSW TO 118	FORMER CEO UPH-MERITER	0.00		$0	$0	$156,611
SUE ERICKSON TO 622	FORMER CEO UPH-MERITER	0.00		$0	$144,038	$1,969,435

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
2024	No data	No data	No data	No data
2023	$3,471,043	$3,207,715	$24,807,653	$263,328
2022	$5,684,080	$2,541,048	$29,127,476	$3,143,032
2021	$4,839,307	$1,551,566	$29,708,195	$3,287,741
2020	$3,415,383	$1,980,894	$25,991,013	$1,434,489
2019	$3,396,156	$2,033,284	$23,700,267	$1,362,872
2018	$4,921,016	$1,663,736	$22,794,060	$3,257,280