The Wha Foundation Inc

Nonprofit profile at a glance

EIN
396125163
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Fitchburg, WI, USA
Phone
6082741820
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$167,874
Expenses
$207,455
Assets
$1,067,244
Liabilities
$25,574

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ERIC BORGERDING (PRESIDENT)

Highest reported compensation

  • ERIC BORGERDING (PRESIDENT): $1,351,909 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The wha foundation, inc. Was formed to carry on educational, literacy, research, and charitable program related to the field of health, including but not limited to hospital care and administration, with the following specific objects: to assist the health care system in insuring that it has adequate workforce to meet the needs of Wisconsin's citizens; to conduct and sponsor educational programs of all types for training of health career personnel and consumers interested in a better understanding of the health care system; to foster the accumulation and exchange of health information and to publish and disseminate such information; to assist, sponsor, and encourage individuals pursuing and education in health careers, scientific research, and literacy endeavor by providing scholarships and grants-in-aid or making loans to worthy individuals in pursuit of these objects; to support the mission of Wisconsin hospital association, inc. And its affiliated related organizations.

What it reported doing in 2024

Program funding focuses on health care quality & safety initiatives, health care workforce development initiatives, and collaborative community health initiatives that have a statewide impact: health care quality & safety initiatives - the foundation has supported a variety of quality and safety initiatives for more than 10 years, starting with the funding to develop, launch and upgrade checkpoint, the first public website to provide consumers with clinical quality measures and error prevention practices for all hospitals in Wisconsin. Most recently, in 2014, the foundation provided funding for start-up costs and five partial scholarships for the quality residency program, co-sponsored by Wisconsin hospital association (wha) and the rural Wisconsin health cooperative. This program is designed to engage new and novice hospital quality improvement directors in a two-year track of education, leadership training and networking. In addition, beginning in 2016, the foundation provided funding for the development of a scholarship program to cover the cost of hospital teams participating in simulation training at one of five partnering simulation labs in Wisconsin. In 2016, all scholarship recipients focused on ob-related scenarios. The program continues into 2022, with all recipients focusing on severe sepsis/septic shock scenarios or on pediatric trauma scenarios.collaborative community health initiatives - the wha foundation supports community health initiatives created in partnership with wha members through its annual global vision community partnership award. This award was established in 1993 with the intention of providing recognition and financial support to innovative and collaborative initiatives that meet a community's health needs. A total of 50 global vision awards have been presented since its inception, and the award includes a $2,500 unrestricted grant for each winning initiative.

Operating model

Revenue model
Affiliate-supported. 68% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 71
  • Accountability: 87
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.7%; rating input score 81
  • Program expense ratio: 53.5%; rating input score 54
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 23rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -23.6%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 5.14; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 23.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -7% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -8.7% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 80.7% of revenue deployed · 53.5% of spending went to programs
  • Governance: 6 of 7 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $111K in reported program spending
  • Leadership: top reported pay $1.4M · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.