Wisconsin Coalition on Student Loan Debt Inc Aka Wisconsin Coalition on Student Debt

Nonprofit profile at a glance

EIN
830893672
IRS 990-EZ coverage
2022–2025
Forms available
Form 990 2023, Form 990-EZ 2025, Form 990-N 2021
Location
Madison, WI, USA
Phone
6089809620
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$96,230
Expenses
$45,175
Assets
$67,353
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Benjamin Lee (Board President)
  • Michelle Reinen (Board Vice President & Secretary)
  • Carole Trone (Executive Director)

People named in this filing

  • Benjamin Lee (Board President)
  • Michelle Reinen (Board Vice President & Secretary)
  • Cheryl Rapp (Board Treasurer)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to positively impact the student debt landscape in Wisconsin by helping to facilitate a positive, borrower-centered higher education financing experience that will benefit everyone, especially those who are traditionally underserved by the existing financing system.

What it reported doing in 2025

The Coalition conducted a statewide Money Smart Scholarship Essay Contest. All graduating high school seniors in Wisconsin were encouraged to submit an essay responding to a prompt about how to budget and pay for college. The 15 winning participants were each awarded a $1000 Edvest contribution; nine of these awards were disbursed through the organization and six were disbursed through Edvest.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 65
  • Sustainability: 68
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.8%; rating input score 47
  • Program expense ratio: 99.1%; rating input score 99

Transparency & Controls

  • Consistency checks: 80%; rating input score 80; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 53.1%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.49; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 53.1%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -23.1% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -15.1% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: 55.3% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 46.8% of revenue deployed · 99.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $45K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.