WALTHER SCHOOL FOUNDATION INC

EIN: 463344128 501(c)(3) Education

WEST HOLLYWOOD, CA

Total Revenue
$424,203
Total Expenses
$628,508
Total Assets
$1,143,887
Net Assets
$559,004
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
GLORIA WALTHER
Phone
3236588500
Tax Period
2023-01-01 to 2023-12-31

WALTHER SCHOOL FOUNDATION INC, founded in 2014, is a small nonprofit in the Education sector that reported $424K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $629K exceeded revenue, resulting in a 48% operating deficit.

Mission

WALTHER SCHOOL FOUNDATION, INC IS A SCHOOL THAT PROVIDES PRESCHOOL EDUCATION TO A DIVERSE ENROLLMENT THAT EMPHASIZES INTENSIVE INTERACTION AND INNOVATIVE TEACHING CONCEPTS

Program Service Accomplishments

Program 1
Expenses: $566,046 Revenue: $424,203

PRESCHOOL EDUCATION PROVIDED FOR 20 PLUS STUDENTS IN ACCORDANCE TO THE MISSION STATEMENT FILED WITH IRS FORM 1023

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $424,203
Investment Income $0
Other Revenue $0
TOTAL REVENUE $424,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $482,657
Fundraising Expenses $0
Program Expenses $566,046
Other Expenses $145,851
TOTAL EXPENSES $628,508

Year-over-Year Comparison

2023 2022 Change
Revenue $424,203 $602,223 -0.3%
Expenses $628,508 $603,529 +0.0%
Net Income $-204,305 $-1,306 +155.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
10
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
3
$211,080
Total Directors
1
$211,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA WALTHER DIRECTOR 40.00
Officer Director
$211,080 $0 $211,080
NICHOLAS GROUF PRESIDENT 1.00
Officer
$0 $0 $0
SHANA EDDY VICE PRESIDENT 1.00
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
2024 No data No data No data No data
2023 $424,203 $628,508 $1,143,887 $-204,305
2022 $602,223 $603,529 $1,366,347 $-1,306
2021 $805,590 $562,447 $1,390,469 $243,143
2020 $429,503 $548,746 $1,171,403 $-119,243
2019 $604,470 $589,116 $1,313,417 $15,354
2018 $542,876 $537,650 $1,333,771 $5,226
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