Wisconsin Lumber Dealers Education Foundation Inc

Nonprofit profile at a glance

EIN
271136786
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Hartland, WI, USA
Phone
2623137672
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$106,736
Expenses
$86,122
Assets
$1,909,448
Liabilities
$0

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

Leadership & pay

13 people listed

People named in this filing

  • ALEX GOODMAN (CHAIR)
  • MARK POSTEL (VICE-CHAIR)
  • CHRIS HEGEMAN (SECRETARY (BEG MID-FEB))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Wisconsin lumber dealers education foundation, inc. (wldef) is a non-profit corporation which was created and shall be operated to support and promote the retail lumber industry in Wisconsin and the Michigan upper peninsula. The wldef will support professional education and training to current Wisconsin and upper Michigan based members. The wldef will support attendance at educational seminars and conferences and will disseminate educational and promotional information about the lumber and building materials industry. It will also provide scholarships and financial assistance to persons with an interest in the building materials and the building trades to pursue post-secondary school education opportunities.

What it reported doing in 2025

During 2025 the foundation awarded scholarships to 5 (paid out 4) individuals who are enrolled in a college, university, or accredited vocational program of high learning and who have interest in a career that centers on, or supports, the lumber and building materials industry, the building trades, or in small business management. The foundation also provided tuition assistance to members' employees who attended educational programs for the lumber and building materials industry. Wldef co-sponsored the Wisconsin lumber dealers leadership conference for retail lumber dealers to participate in professional development and networking with peers. This event was held in january 2025 and sponsored industry roundtables.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 80
  • Accountability: 88
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 2nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.4%; rating input score 95; 57th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 19.3%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 22.17; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules · includes grants
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.