Wisconsin Medical Society Inc
Nonprofit profile at a glance
- EIN
- 390634758
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-N 2007
- Location
- Madison, WI, USA
- Phone
- 6084423800
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,924,812
- Expenses
- $3,096,773
- Assets
- $11,019,870
- Liabilities
- $3,026,552
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
49 people listed
Executive titles in this filing
- MICHAEL FLESHER (CEO)
- DON LEE MD (PRESIDENT/PAST PRESIDENT)
- WENDY MOLASKA MD (PAST PRESIDENT (THRU 4/2024))
- CYNTHIA HART MD (PRESIDENT ELECT/PRESIDENT)
- MICHELLE GRAHAM MD (DIRECTOR/PRESIDENT ELECT)
Highest reported compensation
- MICHAEL FLESHER (CEO): $410,544 total reported compensation
- MARK GRAPENTINE (CHIEF ADVOCACY OFFICER): $248,164 total reported compensation
- JAMES LORENCE (CHIEF VALUE AND ENGAGEMENT OFFICER): $200,921 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the health of the people of Wisconsin by supporting and strengthening physicians' ability to practice high quality patient care in a changing environment.
What it reported doing in 2024
The membership program is the foundation of the society. It encompasses convening the annual meeting of the members. Policy debate and formulation will convert to online forums to make the process more inclusive to all members. The society offers education programs which include medical education credits. The society presents timely and relevant educational opportunities through recurring events such as leadership training collaborations and the physician leadership summit. The society works in strong alliance with its county medical societies and maintains an active presence in the american medical association.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- 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: 87
- Accountability: 89
- Sustainability: 36
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 94.4%; rating input score 94; 29th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 97.4%; rating input score 97; 27th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.9%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 3.56; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 37%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -5.4% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 38 of 39 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $411K · 49 people listed · 4 of 6 pay-setting controls reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.