THE MORGRIDGE INSTITUTE FOUNDATION INC

EIN: 822760376 501(c)(3) Medical Research

MADISON, WI

Total Revenue
$84,878,840
Total Expenses
$24,669,808
Total Assets
$597,585,881
Net Assets
$574,691,428
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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
2017
Legal Domicile
WI
Principal Officer
KATHI STANEK
Phone
6083164100
Tax Period
2024-07-01 to 2025-06-30

THE MORGRIDGE INSTITUTE FOUNDATION INC, founded in 2017, is a mid-sized nonprofit in the Medical Research sector that reported $84.9M in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60.2M, a strong 71% operating margin.

Mission

THE MORGRIDGE INSTITUTE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE MORGRIDGE INSTITUTE FOR RESEARCH, INC., A TAX-EXEMPT 501(C)3 MEDICAL RESEARCH ORGANIZATION AFFILIATED WITH THE UNIVERSITY OF WISCONSIN - MADISON. THE FOUNDATION ADMINISTERS GIFTS, GRANTS, BEQUESTS, AND DEVISES TO PROMOTE, ENCOURAGE, AND AID THE MISSION AND VISION OF THE INSTITUTE, WHICH IS TO SOLVE MAJOR CHALLENGES TO HUMAN HEALTH BY CONDUCTING, ENABLING, AND TRANSLATING INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN - MADISON AND OTHERS, BY LEVERAGING OUR COLLECTIVE STRENGTH IN RESEARCH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,943,222
Program Service Revenue $0
Investment Income $33,935,618
Other Revenue $0
TOTAL REVENUE $84,878,840

Expense Breakdown

Grants Paid $22,397,263
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,397,263
Other Expenses $2,272,545
TOTAL EXPENSES $24,669,808

Year-over-Year Comparison

2024 2023 Change
Revenue $84,878,840 $44,197,120 +0.9%
Expenses $24,669,808 $21,840,912 +0.1%
Net Income $60,209,032 $22,356,208 +1.7%
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

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Governance

Voting Members
16
Independent Members
12
Employees
N/A
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
5
$1,289,246
Total Directors
16
$755,568
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD SCHWARTZ CEO/TRUSTEE 0.25
Officer Director
$0 $53,171 $594,568
JOHN BURRIS TRUSTEE 0.25
Director
$0 $0 $15,000
HARVEY COHEN TRUSTEE 0.25
Director
$0 $0 $15,000
JAMES DAHLBERG TRUSTEE 0.25
Director
$0 $0 $15,000
JOHN DURANT TRUSTEE 0.25
Director
$0 $0 $6,000
GREGG FERGUS TRUSTEE 0.25
Director
$0 $0 $10,000
JACQUELYN FREDRICK TRUSTEE/CHAIR 0.25
Officer Director
$0 $0 $15,000
ERIK IVERSON TRUSTEE 0.25
Director
$0 $0 $15,000
WINSLOW L SARGEANT TRUSTEE 0.25
Director
$0 $0 $15,000
TESS MORGRIDGE GARDNER TRUSTEE 0.25
Director
$0 $0 $15,000
ERIC MORGRIDGE TRUSTEE 0.25
Director
$0 $0 $15,000
JOHN MORGRIDGE TRUSTEE 0.25
Director
$0 $0 $0
TASHIA MORGRIDGE TRUSTEE 0.25
Director
$0 $0 $0
JOHN NEIS TRUSTEE 0.25
Director
$0 $0 $15,000
THOMAS PYLE JR TRUSTEE 0.25
Director
$0 $0 $10,000
FRED ROBERTSON TRUSTEE/VICE CHAIR 0.25
Officer Director
$0 $0 $0
KATHI STANEK CFO/COO/TREASURER 0.25
Officer
$0 $50,205 $403,653
BRIAN MATTMILLER CHIEF COMMUNICATIONS OFF./SECRETARY 0.25
Officer
$0 $48,509 $276,025
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 $84,878,840 $24,669,808 $597,585,881 $60,209,032
2024 $44,197,120 $21,840,912 $520,497,197 $22,356,208
2023 $254,947 $16,523,025 $474,107,649 $-16,268,078
2022 $36,336,859 $16,372,047 $447,011,596 $19,964,812
2021 $74,942,129 $15,451,836 $491,309,219 $59,490,293
2020 $22,735,688 $17,237,338 $372,885,756 $5,498,350
2019 $9,525,396 $14,494,298 $367,425,182 $-4,968,902
2018 $371,014,465 $10,820,396 $355,540,214 $360,194,069
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