WISYS TECHNOLOGY 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

2000

Legal Domicile

Principal Officer

ARJUN SANGA

Phone

6083164037

Tax Period

2023-07-01 to 2024-06-30

WISYS TECHNOLOGY FOUNDATION INC, founded in 2000, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

EMPOWERING UNIVERSITY OF WISCONSIN FACULTY, STAFF, STUDENTS, AND ALUMNI TO INNOVATE FOR IMPACT.

Program Service Accomplishments

Program 1

Expenses: $648,116 Revenue: $132,445

INTELLECTUAL PROPERTY & LICENSING:THE WISYS TECHNOLOGY FOUNDATION WAS ESTABLISHED IN MARCH 2000 TO PROVIDE TECHNOLOGY TRANSFER SERVICES FOR THE UNIVERSITIES OF WISCONSIN (UW) CAMPUSES EXCLUDING THE UNIVERSITY OF WISCONSIN-MADISON AND UW-MILWAUKEE.DURING FISCAL 2023-24, WISYS REVIEWED 60 NEW INVENTION DISCLOSURES RECEIVED FROM UW-SYSTEM FACULTY AND STUDENTS AND ACCEPTED 14 OF THE DISCLOSURES FOR FURTHER STUDY AND PATENTING. DURING FISCAL 2023-24, WISYS APPLIED FOR 18 U.S. PATENTS AND DERIVATIVES. WISYS ALSO APPLIED FOR 5 NEW FOREIGN APPLICATIONS AND DERIVATIVES. IN ADDITION, WISYS RECEIVED 9 U.S. ISSUED PATENTS. WISYS COMPLETED 0 NEW LICENSE AND OPTIONS AGREEMENTS AND 0 NEW MATERIAL TRANSFER AGREEMENTS.WISYS OPERATES ITS OFFICES LOCATED AT 614 WALNUT STREET, 13TH FLOOR, MADISON, WISCONSIN WITH 14 PROFESSIONAL STAFF. IN ADDITION, AT JUNE 30, 2024, WISYS HAD 5 AMBASSADORS WORKING THROUGH THE VARIOUS UW CAMPUSES ALONG WITH 6 STUDENT INTERNS.WISYS ACTS AS A DESIGNATED TECHNOLOGY TRANSFER OFFICE PROVIDING SERVICES TO 11 REGIONAL UW INSTITUTIONS.

Program 2

Expenses: $512,904 Revenue: $25,495

INNOVATION PROGRAMS:THE INNOVATION PROGRAMS ARE EVENTS AND COMPETITIONS GEARED TOWARDS HONING INNOVATION, ENTREPRENEURSHIP, AND RESEARCH SKILLS. THIS INCLUDES FOUR KEY PROGRAMS: 1)THE WISYS BIG IDEA TOURNAMENT HELPS EXTEND THE WISCONSIN ENTREPRENEURIAL ECOSYSTEM TO UW STUDENTS, WITH A GOAL TO IMPROVE THE OVERALL QUALITY OF BUSINESS STARTUP PERFORMANCE. 2) INNOVATION ON-RAMP, A 5-WEEK HYBRID COURSE, HELPS UW STUDENTS DEVELOP AN INNOVATIVE THINKING MINDSET AND LEARN HOW TO EVALUATE THE MARKET POTENTIAL OF AN IDEA. 3) WISYS QUICK PITCH IS A RESEARCH-FOCUSED STUDENT PITCH COMPETITION THAT INSPIRES UW STUDENTS TO CONSIDER THE IMPACT OF THEIR RESEARCH AND LEARN HOW TO EFFECTIVELY COMMUNICATE IT TO A GENERAL AUDIENCE IN THREE MINUTES. 4) THE ANNUAL WISYS SPARK SYMPOSIUM (SPARK) WAS JOINTLY HOSTED BY WISYS AND UW-OSHKOSH IN 2023 TO BRING TOGETHER INNOVATIVE RESEARCHERS AND STUDENTS FROM THE UNIVERSITIES OF WISCONSIN AND OTHER PUBLIC AND PRIVATE ORGANIZATIONS. SPARK ALLOWS UW INSTITUTIONS TO SHOWCASE THEIR RESEARCH AND TECHNOLOGY DEVELOPMENT AS WELL AS ENGAGE IN DISCUSSIONS FOR DEVELOPMENT OF COLLABORATIVE PARTNERSHIPS WITH OTHER UW CAMPUS RESEARCHERS, STUDENTS AND INDUSTRY PROFESSIONALS FROM AROUND THE STATE. THIS YEAR'S IN-PERSON ENGAGEMENT INCLUDED 213 REGISTRATIONS AND APPROXIMATELY 179 ATTENDEES.

Program 3

Expenses: $292,791 Revenue: $0

RESEARCH DEVELOPMENT:THE WISYS RESEARCH DEVELOPMENT PROGRAM AIMS TO PROVIDE GRANT PREPARATION AND WRITING SUPPORT TO UNIVERSITIES OF WISCONSIN REGIONAL CAMPUSES (UW REGIONAL CAMPUSES).THROUGH REGULAR VIRTUAL AND IN-PERSON VISITS, THE RESEARCH DEVELOPMENT MANAGER AND ASSOCIATES PROVIDE INFORMATION AND EXPERTISE ABOUT GRANT APPLICATION AND PROPOSAL PREPARATION FOR FACULTY TO ENRICH UW REGIONAL CAMPUSES RESEARCH AND SCHOLARSHIP AND, ULTIMATELY, THE UNDERGRADUATE STUDENT EXPERIENCE. WISYS RESEARCH DEVELOPMENT IS DESIGNED TO BE INCLUSIVE, ENGAGING FACULTY FROM ANY DISCIPLINE, HELPING TO BRIDGE GAPS IN KNOWLEDGE AND SKILLS IN ORDER TO SUPPORT UW REGIONAL CAMPUSES AS THEY SUSTAIN AND GROW THEIR RESEARCH ENTERPRISE.

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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 $1,947,416

Program Service Revenue $157,940

Investment Income $-73,597

Other Revenue $904

TOTAL REVENUE $2,032,663

Expense Breakdown

Grants Paid $124,916

Salaries & Benefits $1,783,590

Fundraising Expenses $0

Program Expenses $1,835,819

Other Expenses $673,118

TOTAL EXPENSES $2,581,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,032,663	$1,837,439	+0.1%
Expenses	$2,581,624	$2,082,223	+0.2%
Net Income	$-548,961	$-244,784	+1.2%

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

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

$300,627

Total Directors