The Wfra Foundation Inc
Nonprofit profile at a glance
- EIN
- 205470883
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Madison, WI, USA
- Phone
- 6082567555
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $3,444
- Expenses
- $12,859
- Assets
- $110,855
- Liabilities
- $2,480
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- MATT HAUSER (PRESIDENT)
People named in this filing
- MATT HAUSER (PRESIDENT)
- CRAIG WOLF (CHAIRPERSON & DIRECTOR)
- JON CRAWFORD (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the wfra foundation inc., shall include, but not be limited to, the conduct of scholarship, educational, safety, and research activities related to the petroleum marketing industry and convenience store industry, and the furtherance of free enterprise. The wfra foundation is organized exclusively for charitable and educational purposes; to engage in activities relating to those purposes; and to invest in, receive, hold, use and dispose of all property, real or personal, as may be necessary or desirable to fulfill those purposes; such purposes shall include the making of distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code.
What it reported doing in 2024
The purpose of the scholarships is threefold: 1) to help fund a college, university or technical education for those involved in the petroleum/convenience store industry 2) to better educate those involved in the petroleum/convenience store industry 3) to provide an attractive benefit for employers in the petroleum/convenience store industry which they can offer to their employees.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.8%; rating input score 78
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -273.4%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 8.62; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: -5.3% per year; rating input score 0; 33rd percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.