Wichita Falls, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Phased In, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $363K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $433K exceeded revenue, resulting in a 20% operating deficit.
Phased In is a transitional living program for emancipated youth. Our goal is to assist these young adults in learning basic life skills that will prepare them for independent living by providing housing, education, medical care, and life skills training.
1,500 youth phase out of the foster care system each year in the state of Texas alone. Half of those young people will be homeless after their 18th birthday. About the same number will enter a life...
1,500 youth phase out of the foster care system each year in the state of Texas alone. Half of those young people will be homeless after their 18th birthday. About the same number will enter a life of drug or alcohol addiction. Many of the girls will end up pregnant before their 21st birthday. It has become such an epidemic that the prison systems of America base their future population on the number of youth who phase out of foster care. The Phased In Wichita Falls Campus and the Arlington Sunrise Campus house male and female residents in separate dormatories, assisting each resident to find employment and also explore and set their personal education goals for the future.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $362,616 | $919,728 | -0.6% |
| Expenses | $433,397 | $399,192 | +0.1% |
| Net Income | $-70,781 | $520,536 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Cindy Wright | President | 5.00 |
Officer
|
$0 | $0 | $0 |
| Joel Webb | Treasurer | 5.00 |
Officer
|
$0 | $0 | $0 |
| Cameron McBride | Secretary | 10.00 |
Officer
|
$0 | $0 | $0 |
| Darrell Trout | Exec Director | 40.00 |
Director
|
$60,000 | $0 | $60,000 |
| Blake Walker | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Kile Bateman | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Colby Van Sickler | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Kristen Grogan | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Jeff Nacol | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Tamara Graff | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $362,616 | $433,397 | $1,538,713 | $-70,781 |
| 2022 | $919,728 | $399,192 | $1,523,818 | $520,536 |
| 2021 | $277,849 | $405,614 | $528,277 | $-127,765 |
| 2020 | $254,121 | $264,918 | $548,205 | $-10,797 |
| 2019 | $309,306 | $340,153 | $595,293 | $-30,847 |
| 2018 | $348,484 | $252,251 | $662,289 | $96,233 |
| 2017 | $513,514 | $347,706 | $599,521 | $165,808 |
Compare Phased In with other nonprofits in Texas and across the country.