WICELL RESEARCH INSTITUTE INC

EIN: 391972235 501(c)(3) Medical Research

MADISON, WI

Total Revenue
$8,416,310
Total Expenses
$8,087,668
Total Assets
$6,715,538
Net Assets
$5,347,027
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
WI
Principal Officer
ROBERT DRAPE
Phone
6083164717
Tax Period
2023-07-01 to 2024-06-30

WICELL RESEARCH INSTITUTE INC, founded in 1999, is a community nonprofit in the Medical Research sector that reported $8.4M in total revenue in fiscal year 2023. Expenses of $8.1M left a modest 4% surplus.

Mission

WICELL'S PRIMARY PURPOSE IS TO SUPPORT RESEARCH OF STEM CELL TECHNOLOGIES AT THE UNIVERSITY OF WISCONSIN-MADISON AND DEVELOPMENT OF STEM CELL APPLICATIONS WORLDWIDE.THE SCIENTIFIC RESEARCH CARRIED OUT BY WICELL AND OTHERS WHO ACQUIRE CELLS AND THE RIGHT TO USE THE RELATED TECHNOLOGY HAVE AS THEIR OBJECTIVE THE EVENTUAL USE OF CELLS TO DIAGNOSE, TREAT, OR PREVENT DISEASE AND TO ENABLE DEFECTIVE OR INJURED BODY PARTS OR SYSTEMS TO BE REPAIRED OR REPLACED, AS WELL AS TO UNDERSTAND EARLY HUMAN DEVELOPMENT.WICELL OPERATES A LABORATORY LOCATED IN THE UW RESEARCH PARK AND IS USED FOR CELL DISTRIBUTION, CORE SERVICES, AND CHARACTERIZATION SERVICES ACTIVITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,334,401
Investment Income $30,951
Other Revenue $50,958
TOTAL REVENUE $8,416,310

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,310,742
Fundraising Expenses $0
Program Expenses $5,000,168
Other Expenses $3,776,926
TOTAL EXPENSES $8,087,668

Year-over-Year Comparison

2023 2022 Change
Revenue $8,416,310 $7,838,212 +0.1%
Expenses $8,087,668 $6,979,901 +0.2%
Net Income $328,642 $858,311 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
50
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
4
$593,880
Total Directors
8
$383,092
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DRAPE CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$316,320 $62,272 $378,592
ANITA BHATTACHARYYA DIRECTOR 1.00
Director
$1,000 $0 $1,000
DEREK HEI DIRECTOR/CHAIR 1.00
Officer Director
$1,000 $0 $1,000
JEANINE BURMANIA DIRECTOR 1.00
Director
$500 $0 $500
CYNTHIA CZAJKOWSKI DIRECTOR 1.00
Director
$500 $0 $500
MICHAEL FALK DIRECTOR 1.00
Director
$500 $0 $500
JON LEVINE DIRECTOR (UNTIL 6/21/24) 1.00
Director
$500 $0 $500
DEBORAH KELLER DIRECTOR/CHAIR (UNTIL 3/8/24) 3.00
Officer Director
$500 $0 $500
SETH TAAPKEN DIRECTOR OF OPERATIONS 40.00
Officer
$164,119 $49,669 $213,788
TENNEILLE LUDWIG SNR SCIENTIST/DIR. WICELL STEM CELL BANK 40.00
Highest
$199,953 $30,983 $230,936
JENNA GAY DIRECTOR, QUALITY ASSURANCE 40.00
Highest
$115,247 $39,544 $154,791
JAMES JOHNSON SCIENTIST 40.00
Highest
$107,842 $17,949 $125,791
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 $8,416,310 $8,087,668 $6,715,538 $328,642
2023 $7,838,212 $6,979,901 $6,085,759 $858,311
2022 $7,939,160 $5,990,252 $4,969,313 $1,948,908
2021 $5,922,668 $5,311,660 $3,438,237 $611,008
2020 $4,540,573 $5,013,253 $2,605,114 $-472,680
2019 $4,468,797 $5,243,210 $2,457,986 $-774,413
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