Isthmus Project Inc (EIN 832278676) - 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

2018

Legal Domicile

Principal Officer

Elizabeth Hagerman PHD

Phone

6085044636

Tax Period

2024-07-01 to 2025-06-30

Isthmus Project Inc, founded in 2018, is a micro nonprofit in the Medical Research sector that reported $15K in total revenue in fiscal year 2024. Expenses of $722K exceeded revenue, resulting in a 4709% operating deficit.

Mission

The Corporation is organized and shall be operated exclusively to support the missions of the University of Wisconsin Hospitals and Clinics Authority, University of Wisconsin Medical Foundation, and the University of Wisconsin School of Medicine and Public Health by facilitating the development and translation of innovations and useful technology developed at UW Health and the University of Wisconsin, including in collaboration with other research institutions and partners, to improve health and healthcare by preventing and alleviating the effects of disease.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,015

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $686,909

Fundraising Expenses $0

Program Expenses $718,486

Other Expenses $35,116

TOTAL EXPENSES $722,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,015	$15,090	0.0%
Expenses	$722,025	$815,195	-0.1%
Net Income	$-707,010	$-800,105	-0.1%

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

N/A

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

$2,901,623

Total Directors

$6,804,989

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Wilson JD MBA	Secretary	2.00	Officer Director	$0	$191,175	$1,791,327
Thomas Grist MD	Director	2.00	Director	$0	$70,409	$908,870
Cherodeep Goswami	Director	2.00	Director	$0	$99,198	$1,312,339
Beth Drolet MD	Director	2.00	Director	$0	$69,055	$750,218
Manish Shah MD MPH	Director	2.00	Director	$0	$423	$709,359
Elizabeth Hagerman PhD	President/Chief Innovation Officer	40.00	Officer Director	$0	$40,250	$408,499
Anjon Jon Audhya PhD	Treasurer	2.00	Officer Director	$0	$63,418	$462,054
Scott Button	Director	2.00	Director	$0	$0	$0
David Casimir JD PhD	Director	2.00	Director	$0	$0	$0
Thomas Rock Mackie PhD	Chair	2.00	Director	$0	$0	$0
Michael Partsch	Director	2.00	Director	$0	$0	$0
Brian Pogue MD	Director	2.00	Director	$0	$75,990	$462,323
Kurt Zimmerman	Vice President	2.00	Officer	$0	$30,965	$239,743

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	$15,015	$722,025	$3,783,716	$-707,010
2024	$15,090	$815,195	$2,510,345	$-800,105
2023	$388,813	$816,376	$2,325,504	$-427,563
2022	$75,000	$576,005	$722,797	$-501,005
2021	No data	$468,447	$211,733	No data

Isthmus Project Inc