World Assistance & Development Foundation

EIN: 271607359 501(c)(3) International Affairs

Katy, TX

Total Revenue
$109,771
Total Expenses
$115,216
Total Assets
$14,141
Net Assets
$-26,959
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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
2010
Legal Domicile
TX
Principal Officer
Glenn Lerich
Phone
2813953950
Tax Period
2020-01-01 to 2020-12-31

World Assistance & Development Foundation, founded in 2010, is a small nonprofit in the International Affairs sector that reported $110K in total revenue in fiscal year 2020. Revenue surged 88% from the prior year, signaling strong growth momentum.

Mission

To operate only for charitable, education or scientific purposes including providing support for community development and compassionate care for human suffering, channeling resources to on-site workers and providing support services.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $109,771
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $109,771

Expense Breakdown

Grants Paid $114,043
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $114,043
Other Expenses $1,173
TOTAL EXPENSES $115,216

Year-over-Year Comparison

2020 2019 Change
Revenue $109,771 $58,475 +0.9%
Expenses $115,216 $66,677 +0.7%
Net Income $-5,445 $-8,202 -0.3%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry Edmonson Trustee 1
Director
$0 $0 $0
Liz Applewhite Trustee 1
Director
$0 $0 $0
Ron Lyles Trustee 1
Director
$0 $0 $0
Glenn Lerich President 5
Officer
$0 $0 $0
Kurt Box Treasurer 1
Officer
$0 $0 $0
Derrick Mieier Secretary 2
Officer
$0 $0 $0
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
2020 $109,771 $115,216 $14,141 $-5,445
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