WISCONSIN HEALTH CARE ASSOC 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

1955

Legal Domicile

Principal Officer

WILLIAM R ABRAMS

Phone

6082570125

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN HEALTH CARE ASSOC INC, founded in 1955, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

PROMOTE HIGHER BUSINESS STANDARDS AND BETTER BUSINESS METHODS IN THE LONG- TERM HEALTH CARE PROFESSION BY ENCOURAGING AND ADVANCING THE IMPORTANCE OF UNIFORMITY, COOPERATION, COMPLIANCE, AND EDUCATION IN THE DELIVERY OF HEALTH CARE SERVICES TO THE ELDERLY AND DISABLED.

Program Service Accomplishments

Program 1

Expenses: $2,185,598 Revenue: $2,185,598

WISCAREGIVER CAREERS IS A GRANT-FUNDED WORKFORCE DEVELOPMENT PROGRAM ADMINISTERED BY WHCA SINCE 2020. THE PROGRAM IS DESIGNED TO ADDRESS THE CERTIFIED NURSE AIDE (CNA) SHORTAGE IN WISCONSIN NURSING HOMES BY PROVIDING FREE CNA TRAINING, FREE CERTIFICATION TESTING, AND A 500 BONUS. IN 2022, WHCA SUCCESSFULLY CLOSED A 400,000 GRANT FROM THE WISCONSIN DEPARTMENT OF WORKFORCE DEVELOPMENT WHICH FUNDED THE PROGRAM FROM 2020-2022. ALSO IN 2022, WHCA BECAME SUB-GRANTEES ON A 6 MILLION CDC GRANT WHICH FUNDED THE PROGRAM FROM 2022-2024. MOST OF THE GRANT FUNDING IS PASSED THROUGH WHCA TO PARTICIPATING EMPLOYERS TO REIMBURSE THEM FOR THEIR TRAINING AND STAFF BONUS EXPENSES. WHCA RECEIVES REVENUE FROM THE CDC GRANT IN THE FORM OF A 41% OVERHEAD FEE CHARGED TO ALL STAFF HOURS COVERED BY THE GRANT.

Program 2

Expenses: $463,172 Revenue: $668,705

CONDUCT EDUCATIONAL SEMINARS THROUGHOUT THE STATE FOR MEMBER AND NON-MEMBER LONG-TERM CARE PERSONNEL DEALING WITH TOPICS SPECIFIC TO ALL ASPECTS OF THE PROVISION OF LONG-TERM HEALTH CARE TO THE...

CONDUCT EDUCATIONAL SEMINARS THROUGHOUT THE STATE FOR MEMBER AND NON-MEMBER LONG-TERM CARE PERSONNEL DEALING WITH TOPICS SPECIFIC TO ALL ASPECTS OF THE PROVISION OF LONG-TERM HEALTH CARE TO THE STATE'S ELDERLY AND DISABLED POPULATION. ALL SEMINARS ARE APPROVED FOR THE RECEIPT OF CONTINUING EDUCATION CREDITS FOR ANY LICENSED PERSONNEL REQUIRED BY LAW TO MAINTAIN THEIR CREDENTIALS IN THEIR RESPECTIVE DISCIPLINE. PARTICIPANTS INCLUDE PERSONNEL FROM OVER 500 NURSING FACILITIES, ASSISTED LIVING FACILITIES, COMMUNITY BASED RESIDENTIAL CARE FACILITIES, AND RESIDENTIAL CARE APARTMENT COMPLEXES LOCATED THROUGHOUT THE STATE. THESE INDIVIDUALS SPECIALIZE IN ALL AREAS OF CARE AKIN TO AN INDIVIDUAL'S ACTIVITIES OF DAILY LIVING.

Program 3

Expenses: $111,245 Revenue: $160,610

SPONSOR AN ANNUAL 2 DAY SPRING CONFERENCE AND EXPOSITION FOR LONG-TERM HEALTH CARE PROFESSIONALS AS WELL AS ANYONE INTERESTED IN NURSING CAREERS IN LONG-TERM HEALTH CARE. THE EVENT INCLUDES OVER 100 VENDORS OF LONG-TERM HEALTH CARE PRODUCTS AND SERVICES WHO EXHIBIT OR DEMONSTRATE THE LATEST IDEAS AND INNOVATION IN THE DELIVERY OF LONG-TERM HEALTH CARE SERVICES TO SOME 500 MEMBER AND NON-MEMBER PERSONNEL REPRESENTING OVER 300 LONG-TERM CARE/ASSISTED LIVING FACILITIES. EDUCATIONAL SEMINARS ARE ALSO PROVIDED AT THE EVENT FOR WHICH LICENSED PERSONNEL CAN ATTEND AND EARN CONTINUING EDUCATION CREDITS.

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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 $2,250,655

Program Service Revenue $989,812

Investment Income $4,121

Other Revenue $36,890

TOTAL REVENUE $3,281,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $985,688

Fundraising Expenses $34,134

Program Expenses $2,916,243

Other Expenses $2,312,710

TOTAL EXPENSES $3,298,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,281,478	$1,962,160	+0.7%
Expenses	$3,298,398	$2,134,854	+0.5%
Net Income	$-16,920	$-172,694	-0.9%

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

$190,799

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R ABRAMS	PRESIDENT/CE	40.00	Officer	$181,706	$9,093	$190,799
JIM STOA	DIR GOVT REL	40.00	Highest	$133,887	$5,496	$139,383
KATHRYN BATTIATO	VP WORKFORCE	40.00	Highest	$127,845	$8,998	$136,843
DAVID MILLS - NORTH SHORE HLTH CARE	PRESIDENT DI	N/A	Officer Director	$0	$0	$0
DOVIE MAUER - EDEN SENIOR CARE	PRESIDENT DI	N/A	Director	$0	$0	$0
IZZY WEINBERG - CHAMPION CARE	PRESIDENT DI	N/A	Director	$0	$0	$0
STEPHANIE SHERMAN - CARRIAGE H COMP	REP- NON PRO	N/A	Director	$0	$0	$0
DAVE EGAN - REAL PROPETY HEALTH FAC	PRESIDENT DI	N/A	Director	$0	$0	$0
DANIEL RUMMELLS - MARSHFIELD HEALTH	PRESIDENT DI	N/A	Director	$0	$0	$0
JEFF SCHUELLER - NORTH SHORE HEALTH	REP - MULTI-	N/A	Director	$0	$0	$0
LISA OLSEN - SEVITA HEALTH	REPRESENT DI	N/A	Director	$0	$0	$0
MITUL LINDEMANN - SYNERGY HEALTH	REPRESENT DI	N/A	Director	$0	$0	$0
AARON TOPPER - AA HEALTHCARE	REPRESENT DI	N/A	Director	$0	$0	$0
JOE SIMONICH - VILLA MARIA HLTHREHA	PRESIDENT DI	N/A	Director	$0	$0	$0
KRIS SPRTEL - CONGREGATIONAL HOME	REPRESENT DI	N/A	Officer Director	$0	$0	$0
MELISSA WALTHALL - PARKVIEW HOME	PRESIDENT DI	N/A	Director	$0	$0	$0
PAT LEMIRE - M3 INSURANCE	REP - BUS PT	N/A	Director	$0	$0	$0
DALE KELM - BIRCH HAVEN SR LIVING	REPRESENT DI	N/A	Director	$0	$0	$0
STEVE KURANZ - HOPE SENIOR LIVING	BOARD PRESID	N/A	Officer Director	$0	$0	$0
DEB KLATKIEWICZ - PARK MANOR LTD	REPRESENT DI	N/A	Director	$0	$0	$0
BOB MOLITOR - ALDEN NETWORK	REPRESENT DI	N/A	Officer Director	$0	$0	$0
ERIC JACOBSON - MIDDLETON VILL NSG	PRESIDENT DI	N/A	Director	$0	$0	$0
SCOTT FRANK - OAK PARK PLACE	REPRESENT DI	N/A	Director	$0	$0	$0
PAUL FISCUS - MAPLEWOOD OF SAUK PRA	PRESIDENT DI	N/A	Director	$0	$0	$0
CHAD BASCHE - WISC DELLS HLTH SER	REPRESENT DI	N/A	Director	$0	$0	$0
LAURA HOLMSTROM - DELAVAN HEALTH SE	REP-70 BEDS	N/A	Director	$0	$0	$0
LANA TROCINSKI - PINE VIEW TERRACE	REPRESENT DI	N/A	Director	$0	$0	$0
MICHAEL JACOBS - PAVILION GLACIER V	REPRESENT DI	N/A	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
2024	No data	No data	No data	No data
2023	$3,281,478	$3,298,398	$924,905	$-16,920
2022	$1,962,160	$2,134,854	$802,509	$-172,694
2021	$1,207,322	$1,324,585	$587,892	$-117,263
2020	$934,758	$1,026,950	$870,271	$-92,192
2019	$1,040,436	$1,067,524	$847,958	$-27,088
2018	$1,092,306	$930,517	$775,724	$161,789