Hackett Hemwall Patterson Foundation INC EIN 39-2013475 Form 990 (PDF) Claim this org

Hackett Hemwall Patterson Foundation INC FY2023 filing

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Offers affordable medical care, training, and research for better treatments. For fiscal year 2023 it reported $244K in revenue, $261K in expenses, and $641K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Monona, WI
Website
www.hacketthemwall.org
Filings
5 on file (2020–2023)
Revenue
$244KFY2023
Expenses
$261K
Net assets
$641K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-2013475 Public charity (501(c)(3)) Monona, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers affordable medical care, training, and research for better treatments.
Leadership
Chester Hermansen · Director · $12K
Money in and out
$244K revenue, $261K expenses
Bottom line
98% program efficiency
Where the money goes · FY2023
Total revenue
$244K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$641K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
27.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$244K
FY2023▲ +133%
Expenses
$261K
FY2023▲ +172%
Total assets
$641K
FY2023▼ -2%
Total liabilities
$0
FY2023
Total revenue
$244K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$641K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$641K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHackett Hemwall Patterson Foundation INC
EINHdr · item D39-2013475
Principal addressHdr · item CMonona, WI
WebsiteHdr · item Jwww.hacketthemwall.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E30)
Ruling yearIRS BMFFeb 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$12,000Pt VII · Sec A
Treasurer
$12,000Pt VII · Sec A
President
$9,000Pt VII · Sec A
Vice-Preside
$6,000Pt VII · Sec A
Vice-Preside
$3,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kay Weeden’s $29K as President is at the 18th percentile of top reported officer pay among 1979 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kay Weeden$29,000$9,000
Julie Olson$19,000$12,000$12,000$12,000$12,000
Chester Hermansen$12,000$12,000$12,000$12,000$12,000
Mary Doherty$6,000$12,000$12,000$12,000
Ling Vuong$3,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $255K of program spending, described in the organization's own filed words · FY2023.
01

To provide medical treatment to persons who are unable to afford tretment. To provide medical professionals and others with training and clinical experience. To conduct and disseminate research concerning the efficacy of certain medical procedures.

$255Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$124K · 51%
Program service revenue$108K · 44%
Investment income$12K · 5%
Contributions & grants51%$124K
Program service revenue44%$108K
Investment income5%$12K
Total revenueLn 12$244K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$255K
Management & general2%$6K
Total functional expensesLn 25$261K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$641K
Total liabilitiesLn 26$0
Total net assetsLn 32$641K
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $599K · Operating expenses/yr $261K
27.6 months
Where the money goes
Program services
Program services $255K · Total expenses $261K
98%
Management & General
Management & general $6K · Total expenses $261K
2%
Fundraising
Fundraising $0 · Total expenses $261K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $65K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $124K · Total revenue $244K
51%
Government reliance
Government grants — · Total revenue $244K
Earned-income share
Program service revenue $108K · Total revenue $244K
44%
Investment reliance
Investment income $12K · Total revenue $244K
+5%
Program self-sufficiency
Program service revenue $108K · Total expenses $261K
41%
Growth & trend
Revenue growth (YoY)
This year $244K · Prior year $104K
+133%
Net-asset trend (YoY)
End of year $641K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $244K · Expenses $261K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $641K
Net-asset ratio
Net assets $641K · Total assets $641K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $475K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $641K
74%
People & payroll
Highest Reported Total Compensation
Individual Julie Olson · Reported title TREASURER · Highest reported compensation $12K · Total expenses $261K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $261K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 133%
Investment management fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$11K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$268K revenue · ⤓ 990 PDF
FY2023$244K revenue · viewing · ⤓ 990 PDF
FY2022$104K revenue · ⤓ 990 PDF
FY2021$133K revenue · ⤓ 990 PDF
FY2020$151K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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