FRIENDS OF WEST AFRICA THEOLOGICAL… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Principal Officer

JAMES ROSE

Phone

8649778880

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF WEST AFRICA THEOLOGICAL SEMINARY INC FRIENDS OF WATS is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 29% operating deficit.

Mission

FWATS EXISTS TO SUPPORT THE OPERATIONS OF WEST AFRICA THEOLOGICAL FWATS EXISTS TO SUPPORT THE OPERATIONS OF WEST AFRICA THEOLOGICAL SEMINARY THROUGH PRAYER, PARTICIPATION, AND FINANCIAL SUPPORT

Program Service Accomplishments

Program 1

Expenses: $146,642 Revenue: $92,543

FWATS

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $184,711

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $184,711

Expense Breakdown

Grants Paid $224,103

Salaries & Benefits $500

Fundraising Expenses $0

Program Expenses $238,810

Other Expenses $14,207

TOTAL EXPENSES $238,810

Year-over-Year Comparison

	2022	2021	Change
Revenue	$184,711	$289,486	-0.4%
Expenses	$238,810	$293,937	-0.2%
Net Income	$-54,099	$-4,451	+11.2%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

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

$15,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ROSE	CHAIRMAN	20.00	Officer	$15,000	$0	$15,000
WILSON BADEJO	BOARD MEMBER	1.000	Director	$0	$0	$0
RUCHARD I PRINCEWILL	BOARD MEMBER	1.000	Director	$0	$0	$0
IRA PENCE	BOARD MEMBER	15.00	Director	$0	$0	$0
JONATHAN ASIEDU-OTIBU	BOARD MEMBER	1.000	Director	$0	$0	$0
CHRIS DAVIS	BOARD MEMBER	1.000	Director	$0	$0	$0
FRED ODUTOLA	BOARD MEMBER	1.000	Director	$0	$0	$0
MATTHEW MAXEY	BOARD MEMBER	1.000	Director	$0	$0	$0
KIRK HOUSTON	TREASURER	4.000	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
2022	$184,711	$238,810	$3,528	$-54,099
2021	$428,312	$430,554	No data	$-2,242
2020	$417,497	$389,948	$50,132	$27,549
2019	$313,527	$316,098	$36,020	$-2,571
2018	$336,947	$362,280	$55,497	$-25,333

FRIENDS OF WEST AFRICA THEOLOGICAL SEMINARY INC FRIENDS OF WATS