WISCONSIN ACADEMY FOUNDATION INCOR… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

ERIKA MONROE-KANE

Phone

6087336633

Tax Period

2024-07-01 to 2025-06-30

WISCONSIN ACADEMY FOUNDATION INCORPORATED, founded in 1989, is a small nonprofit that reported $701K in total revenue in fiscal year 2024. Revenue surged 204% from the prior year, signaling strong growth momentum. The organization ran a surplus of $350K, a strong 50% operating margin.

Mission

TO SECURE FINANCIAL SUPPORT FOR THE WISCONSIN ACADEMY OF SCIENCES, ARTS AND LETTERS BY INCREASING THE ENDOWMENT AND FURTHERING THE GOALS OF THE ACADEMY TO ENCOURAGE INVESTIGATION, DISSEMINATE KNOWLEDGE, AND PROMOTE APPLICATION OF THE SCIENCES, ARTS AND LETTERS FOR THE PEOPLE OF WISCONSIN.

Program Service Accomplishments

Program 1

Expenses: $312,981 Revenue: $0

THE WISCONSIN ACADEMY FOUNDATION IS THE DEVELOPMENT ARM OF THE WISCONSIN ACADEMY OF SCIENCES, ARTS AND LETTERS. THE FOUNDATION, IN COOPERATION WITH THE ACADEMY, SOLICITS, RECEIVES, ADMINISTERS, AND INVESTS CONTRIBUTIONS OR GIFTS FOR THE SOLE BENEFIT OF THE WISCONSIN ACADEMY OF SCIENCES, ARTS, AND LETTERS.

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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 $100

Program Service Revenue $0

Investment Income $701,132

Other Revenue $0

TOTAL REVENUE $701,232

Expense Breakdown

Grants Paid $312,981

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $312,981

Other Expenses $37,812

TOTAL EXPENSES $350,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$701,232	$230,919	+2.0%
Expenses	$350,793	$343,328	+0.0%
Net Income	$350,439	$-112,409	-4.1%

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

$102,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BRADLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACK KUSSMAUL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ARJUN SANGA	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE KOLLATH	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERTA FILICKY-PENESKI	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BYRNE	DIRECTOR	1.00	Director	$0	$0	$0
ANDY RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
BETTY CUSTER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN CARREIRA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WILDECK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DONKLE	DIRECTOR	1.00	Director	$0	$0	$0
TOM LULJAK	DIRECTOR (THRU DECEMBER)	1.00	Director	$0	$0	$0
ERIKA MONROE-KANE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$4,247	$102,110

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	$701,232	$350,793	$6,491,132	$350,439
2024	$230,919	$343,328	$6,178,946	$-112,409
2023	$220,302	$334,820	$5,897,876	$-114,518
2022	$396,694	$279,046	$5,696,873	$117,648
2021	$471,354	$359,318	$6,779,550	$112,036
2020	$125,717	$340,134	$5,416,604	$-214,417
2019	$158,583	$309,510	$5,738,265	$-150,927
2018	$247,668	$304,581	$5,848,591	$-56,913

WISCONSIN ACADEMY FOUNDATION INCORPORATED