WHEAT INC (EIN 061197653) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

MICHAEL SAVENELLI

Phone

2039319877

Tax Period

2022-07-01 to 2023-06-30

WHEAT INC, founded in 1987, is a small nonprofit in the Unknown sector that reported $217K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Net assets of $445K represent 25 months of operating reserves.

Mission

EMERGENCY ASSISTANCE AND ADVOCACY TO RESIDENTS OF WEST HAVEN

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $213,964

Program Service Revenue $0

Investment Income $3,418

Other Revenue $0

TOTAL REVENUE $217,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,672

Fundraising Expenses $0

Program Expenses $238,475

Other Expenses $106,803

TOTAL EXPENSES $238,475

Year-over-Year Comparison

	2022	2021	Change
Revenue	$217,382	$252,517	-0.1%
Expenses	$238,475	$216,836	+0.1%
Net Income	$-21,093	$35,681	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

175

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$83,337

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES GUNNING	DIRECTOR	1.00	Director	$0	$0	$0
CELIA PINZI	SECRETARY	1.00	Officer Director	$0	$0	$0
TEDDI MCKENNA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARY MALENDA	PRESDIENT	5.00	Officer Director	$0	$0	$0
LOREN WELLS	TREASURER	5.00	Officer Director	$0	$0	$0
JANICE JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHY IZZO	DIRECTOR	1.00	Director	$0	$0	$0
ROSE MAJESTIC	EXECUTIVE DIRECTOR	35.00	Key Emp	$31,029	$0	$31,029
MICHAEL SAVENELLI	EXECUTIVE DIRECTOR	35.00	Key Emp	$52,308	$0	$52,308

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$217,382	$238,475	$446,940	$-21,093
2022	$290,624	$217,912	$514,337	$72,712
2022	$252,517	$216,836	$455,538	$35,681
2021	$290,624	$217,912	$441,625	$72,712
2020	$254,467	$181,971	$354,452	$72,496
2019	$153,332	$189,016	$266,615	$-35,684
2018	$173,732	$177,147	$301,669	$-3,415

WHEAT INC