Wisconsin Association of Homes for Aging & Education Corp

Nonprofit profile at a glance

EIN
237448555
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2016
Location
Madison, WI, USA
Phone
6082557060
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Health - General and Rehabilitative N.E.C.

Reported finances

Revenue
$6,786
Expenses
$80,500
Assets
$186,086
Liabilities
$21,000

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

Leadership & pay

12 people listed

People named in this filing

  • KRIS KRENTZ (IMMEDIATE PAST CHAIR)
  • NICOLE PRETRE (LEADINGAGE LIAISON)
  • KATHY CAVERS (VICE CHAIR OF MEMBER SERVICE)

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 mission of the Wisconsin association of homes for the aging research and education (r&e) corporation is to advance the delivery of long term services and supports and senior housing services through the financial support of education, training, and research. The r&e corporation is visible, viable and responsive to the Wisconsin long term services and supports and senior housing provider community. The r&e corporation is organized exclusively for charitable, religious, educational, scientific, and research purposes.

What it reported doing in 2024

The research and education corporation launched the geriatric career development program in 2018. This initiative is designed for "at risk" students who may not graduate from high school due to dropout rates or deficiencies in credits or skills. The vision of gcd is to inspire youth and cultivate the next generation of geriatric healthcare professionals by providing job opportunities with leading age Wisconsin member long-term care providers. Through the gcd program, the research and education corporation can: 1. Ensure at-risk students access promising career paths, promoting family stability and long-term economic mobility; 2. Guarantee new healthcare workers have the opportunity to enhance their skills and stay current on aging-related services; 3. Address critical shortages in the healthcare workforce and strengthen programs that improve the quality of care provided to older adults throughout Wisconsin.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.5%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1,086.3%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2.31; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 114.4% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $78K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 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 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.