Wisconsin Health Information Management Association Inc (EIN 237324791) - 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

1971

Legal Domicile

Principal Officer

Kari Bjorge

Phone

7855310647

Tax Period

2024-07-01 to 2025-06-30

Wisconsin Health Information Management Association Inc, founded in 1971, is a small nonprofit that reported $154K in total revenue in fiscal year 2024. Expenses of $199K exceeded revenue, resulting in a 29% operating deficit.

Mission

Through leadership, WHIMA promotes innovation, education, and advancement of health information management professionals.

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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 (2024)

Revenue Breakdown

Contributions & Grants $47,659

Program Service Revenue $96,642

Investment Income $4,049

Other Revenue $5,375

TOTAL REVENUE $153,725

Expense Breakdown

Grants Paid $8,642

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,427

Other Expenses $190,011

TOTAL EXPENSES $198,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,725	$157,601	0.0%
Expenses	$198,653	$188,041	+0.1%
Net Income	$-44,928	$-30,440	+0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Wessberg	Director	001.00	Director	$0	$0	$0
Bryanna Schoeffel	President	004.00	Officer Director	$0	$0	$0
Cheryl Evans	Director	001.00	Director	$0	$0	$0
Heather Pinske	Past President	003.00	Officer Director	$0	$0	$0
Kari Bjorge	President-Elect	003.00	Officer Director	$0	$0	$0
N/A	Director	001.00	Director	$0	$0	$0
Julie Larsen	Director	001.00	Director	$0	$0	$0
Julia Hable	Director	001.00	Director	$0	$0	$0
Teresa Smithrud	Director	001.00	Director	$0	$0	$0

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	$153,725	$198,653	$417,325	$-44,928
2024	$157,601	$188,041	$425,434	$-30,440
2023	$147,819	$222,181	$435,072	$-74,362
2022	$139,752	$191,492	$468,545	$-51,740
2021	$141,910	$174,084	$604,881	$-32,174
2020	$138,771	$149,521	$560,589	$-10,750
2019	$207,101	$241,838	$619,439	$-34,737

Wisconsin Health Information Management Association Inc