Wisconsin Native Loan Fund Inc

Nonprofit profile at a glance

EIN
432116172
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2007
Location
Lac Du Flambeau, WI, USA
Phone
7155881600
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Expense Reduction Support

Official website

Reported finances

Revenue
$4,817,151
Expenses
$1,510,040
Assets
$14,946,570
Liabilities
$6,687,665

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

Leadership & pay

13 people listed

Executive titles in this filing

  • CHERYL CLOUD (CEO)

Highest reported compensation

  • CHERYL CLOUD (CEO): $113,529 total reported compensation
  • DAVID GOUWENS (COO): $100,219 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 increase the financial well-being of Wisconsin native american families and communities.

What it reported doing in 2024

The Wisconsin native loan fund (winlf) inc. Is a 501(c)(3) nonprofit and u.s. Treasury-certified native community development financial institution (cdfi) whose mission is to increase the financial self-sufficiency of Wisconsin native american communities. Since its founding in 2006, winlf has accomplished this mission through a suite of loan products such as home, consumer, and small business loans, which are complemented with development services such as homebuyer education, credit counseling, and business/entrepreneurship services.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 37
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.7%; rating input score 18
  • Program expense ratio: 55.3%; rating input score 55
  • Fundraising efficiency: $61.38 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 68.7%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 9.9; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 14.2%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 17% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 21.7% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 22.8% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 17.7% of revenue deployed · 55.3% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $834K in reported program spending
  • Leadership: top reported pay $114K · 13 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • 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 — Financial Efficiency: Mission deployment rate scored 18/100.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.