WISCONSIN HEALTH FUND (EIN 396063342) - 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

1952

Legal Domicile

Principal Officer

MIKE LOVELY

Phone

4147715600

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN HEALTH FUND, founded in 1952, is a mid-sized nonprofit that reported $32.2M in total revenue in fiscal year 2023. Net assets of $84.9M represent 32 months of operating reserves.

Mission

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.

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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 $0

Program Service Revenue $34,777,151

Investment Income $1,950,424

Other Revenue $-4,540,432

TOTAL REVENUE $32,187,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,410,359

Fundraising Expenses $0

Other Expenses $6,453,533

TOTAL EXPENSES $31,448,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,187,143	$33,655,123	0.0%
Expenses	$31,448,695	$31,387,289	+0.0%
Net Income	$738,448	$2,267,834	-0.7%

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

$628,727

Total Directors

$822,053

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WEDAN	TRUSTEE	1.00	Director	$0	$55,188	$193,205
THOMAS BENNETT	TRUSTEE	1.00	Officer Director	$0	$41,525	$156,400
TIMOTHY B PINTER	TRUSTEE (THRU 8/23)	1.00	Director	$0	$41,525	$156,478
THOMAS BENVENUTO	TRUSTEE	1.00	Director	$0	$41,525	$158,024
JEFF BANDUR	TRUSTEE (START 8/23)	1.00	Officer Director	$0	$41,525	$157,946
MATTHEW A WOLFF	TRUSTEE	1.00	Officer Director	$0	$0	$0
RITCH DEMBINSKY	TRUSTEE	1.00	Director	$0	$0	$0
GARY R KRAUS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE RIVECCA	TRUSTEE	1.00	Director	$0	$0	$0
MIKE LOVELY	EXECUTIVE DIRECTOR	40.00	Officer	$262,725	$51,656	$314,381
TODD MARKOWSKI	EMPLOYEE	40.00	Highest	$162,828	$46,657	$209,485
JAMES VALUSEK	EMPLOYEE	40.00	Highest	$162,583	$46,649	$209,232
DEANNA BELL	EMPLOYEE	40.00	Highest	$138,113	$45,425	$183,538
ANGELA GENET	EMPLOYEE	40.00	Highest	$136,154	$44,293	$180,447
GAIL STELMASZEWSKI	EMPLOYEE	40.00	Highest	$122,720	$44,656	$167,376

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	$32,187,143	$31,448,695	$86,378,682	$738,448
2022	$33,655,123	$31,387,289	$78,338,721	$2,267,834
2021	$37,255,208	$33,321,364	$87,808,103	$3,933,844
2020	$35,566,501	$31,078,741	$81,121,970	$4,487,760
2019	$47,560,038	$34,817,023	$72,897,078	$12,743,015
2018	$33,596,126	$33,334,027	$64,199,335	$262,099

WISCONSIN HEALTH FUND