WAFER INC (EIN 391552632) - 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

1986

Legal Domicile

Principal Officer

TAYLOR HALEY

Phone

6087826003

Tax Period

2023-01-01 to 2023-12-31

WAFER INC, founded in 1986, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $286K, a strong 19% operating margin.

Mission

RESPONDING TO GOD'S LOVE, WAFER PROVIDES FOOD AND WORKS TO ELIMINATE HUNGER

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,281,420

Program Service Revenue $0

Investment Income $227,021

Other Revenue $0

TOTAL REVENUE $1,508,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,385

Fundraising Expenses $43,719

Program Expenses $1,076,686

Other Expenses $956,509

TOTAL EXPENSES $1,222,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,508,441	$1,546,763	0.0%
Expenses	$1,222,554	$540,788	+1.3%
Net Income	$285,887	$1,005,975	-0.7%

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

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

$60,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLOR HALEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE VOSS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LEE BLUSKE	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE CLARKEN	SECRETARY	2.00	Officer Director	$0	$0	$0
BRAD CLARKIN	DIRECTOR	1.00	Director	$0	$0	$0
CORY GYLOCK	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY STROCHEIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SWINGHAMER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY WILDE	DIRECTOR	1.00	Director	$0	$0	$0
ERIN WALDHART	EXECUTIVE DI	30.00	Director	$60,200	$0	$60,200

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	$1,508,441	$1,222,554	$5,425,535	$285,887
2022	$1,546,763	$540,788	$4,292,466	$1,005,975
2021	$1,276,006	$453,015	$3,520,655	$822,991
2020	$780,248	$391,742	$1,553,419	$388,506
2019	$374,034	$376,444	$1,159,070	$-2,410
2018	$366,833	$406,171	$1,154,097	$-39,338

WAFER INC