Wisconsin Therapies Inc

Nonprofit profile at a glance

EIN
391807425
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Middleton, WI, USA
Phone
6082658482
Rating
28
Verdict
REVIEW
Rating confidence
Moderate
Sector
Home Health Care

Reported finances

Revenue
$1,943,029
Expenses
$61,748
Assets
$7,807,726
Liabilities
$0

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

Leadership & pay

9 people listed

Executive titles in this filing

  • Kelly Wilson (President & Board Chair)
  • Teresa Neely (Vice President)

Highest reported compensation

  • Robert Flannery (Treasurer): $2,110,052 total reported compensation
  • Kelly Wilson (President & Board Chair): $1,791,327 total reported compensation
  • Teresa Neely (Vice President): $840,508 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

WI Therapies is established as a nonprofit corporation organized to provide alternate site medical and related therapies including a broad array of infusion therapies, parenteral and enteral nutrition therapy and other innovative therapies as appropriate to alternate site patients through a partnership with Chartwell-Midwest Inc., and in connection with such activities, to acquire, retain and administer funds from the same, to be held, invested and used exclusively for the benefit of the University of Wisconsin Hospitals and Clinics.

What it reported doing in 2024

Administrative services in maintaining partnership interest in home infusion partnership. The partnership provides tertiary home infusion therapy to acutely and chronically ill patients.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - Revenue comfortably covers expenses. 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: 0
  • Transparency & Controls: 57
  • Accountability: 28
  • Sustainability: 86
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 3rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 96.8%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 126.45; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 1,498.2%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -9.5% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -18.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 0 of 7 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $2.1M · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 25 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 0/100.