WIPP EDUCATION INSTITUTE INC

EIN: 272953889 501(c)(3) Employment

BINGHAM FARMS, MI

Total Revenue
$150,290
Total Expenses
$5,001
Total Assets
$159,444
Net Assets
$129,287
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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
CA
Principal Officer
CANDACE WATERMAN
Phone
4154344314
Tax Period
2022-01-01 to 2022-12-31

WIPP EDUCATION INSTITUTE INC, founded in 2010, is a small nonprofit in the Employment sector that reported $150K in total revenue in fiscal year 2022. Revenue surged 2815% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 97% operating margin.

Mission

THE FOUNDATION WILL PROVIDE EDUCATION, TOOLS AND RESOURCES FOR WOMEN BUSINESS OWNERS ON ECONOMIC ISSUES THAT IMPACT BUSINESS GROWTH. IT WILL IDENTIFY ECONOMIC OPPORTUNITIES FOR SMALL BUSINESS OWNERS. THE FOUNDATION WILL PROVIDE EDUCATIONAL WEBINARS AND VIDEOS TO WOMEN BUSINESS OWNERS AND SMALL BUSINESS ORGANIZATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,290
Program Service Revenue $130,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $150,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,564
Other Expenses $5,001
TOTAL EXPENSES $5,001

Year-over-Year Comparison

2022 2021 Change
Revenue $150,290 $5,155 +28.2%
Expenses $5,001 $19,148 -0.7%
Net Income $145,289 $-13,993 -11.4%
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
1
Independent Members
1
Employees
N/A
Volunteers
N/A

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
1
$243,667
Total Directors
2
$243,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA DINGLE CHAIR 1.00
Director
$0 $0 $0
CANDACE WATERMAN PRESIDENT 5.00
Officer Director
$0 $0 $243,667
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
2022 $150,290 $5,001 $159,444 $145,289
2021 $5,155 $19,148 $14,155 $-13,993
2020 $11,005 $16,521 $12,651 $-5,516
2019 $1,106 $44,663 $3,507 $-43,557
2018 $40,005 $30,236 $47,064 $9,769
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