Wheaton Academy Foundation (EIN 460944215) - 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

2012

Legal Domicile

Phone

6305627500

Tax Period

2023-08-01 to 2024-07-31

Wheaton Academy Foundation, founded in 2012, is a small nonprofit in the Education sector that reported $555K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $333K, a strong 60% operating margin.

Mission

To provide ongoing support to Wheaton Academy's mission and programs

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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 $92,903

Program Service Revenue $0

Investment Income $462,036

Other Revenue $0

TOTAL REVENUE $554,939

Expense Breakdown

Grants Paid $145,822

Salaries & Benefits $0

Fundraising Expenses $75,785

Program Expenses $145,822

Other Expenses $75,785

TOTAL EXPENSES $221,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,939	$798,167	-0.3%
Expenses	$221,607	$207,131	+0.1%
Net Income	$333,332	$591,036	-0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$336,242

Total Directors

$592,822

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chip Krueger	Treasurer	1.0	Officer Director	$0	$0	$0
Eugene Frost	Executive Director WAF	20.0	Officer Director	$0	$20,046	$88,878
Jeffrey Martin	Chair	1.0	Officer Director	$0	$0	$0
Randy Seager	Vice Chairman	1.0	Officer Director	$0	$0	$0
Sofia Halcomb	Secretary	1.0	Officer Director	$0	$0	$0
Steve Karlson	COO / CFO	1.0	Officer Director	$0	$72,170	$247,364
Chris Grant	Director	1.0	Director	$0	$0	$0
Damon Winters	Director	1.0	Director	$0	$0	$0
Dawn Witt	Director	1.0	Director	$0	$0	$0
Doug Hardy	Director	1.0	Director	$0	$0	$0
Matt Kaufman	Director	1.0	Director	$0	$0	$0
Randy Renn	Director	2.0	Director	$0	$0	$0
Scott Shelton	Director	1.0	Director	$0	$0	$0
Steven Bult	Director	1.0	Director	$0	$38,528	$256,580

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	$554,939	$221,607	$4,464,551	$333,332
2023	$798,167	$207,131	$4,065,204	$591,036
2022	$-339,689	$179,821	$3,474,168	$-519,510
2021	$336,362	$115,362	$4,070,420	$221,000
2020	$179,011	$94,278	$3,243,479	$84,733
2019	$116,114	$88,340	$2,925,756	$27,774
2018	$101,305	$89,788	$2,400,427	$11,517

Wheaton Academy Foundation