Wisconsin Alumni Research Foundation: $140.8M Revenue, $155.8M Expenses

Wisconsin Alumni Research Foundation pulls a D on the efficiency rubric. The composite of 41/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

Wisconsin Alumni Research Foundation is a large nonprofit by U.S. standards: $140.8M in 2024 revenue against $155.8M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Reserves are the limiting factor: Wisconsin Alumni Research Foundation carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Wisconsin Alumni Research Foundation's 2024 revenue is materially below its earlier filings. Officer compensation is on the higher side of the band typical for nonprofits this size: $5.6M in total current-officer compensation against $140.8M in revenue. Not necessarily inappropriate — large healthcare systems and university systems often pay competitively with for-profit equivalents — but worth reading in context. In the Education category, Wisconsin Alumni Research Foundation sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.