WICHITA STATE INNOVATION ALLIANCE INC (EIN 471764067) - 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

2014

Legal Domicile

Principal Officer

JOHN TOMBLIN

Phone

3169785218

Tax Period

2024-07-01 to 2025-06-30

WICHITA STATE INNOVATION ALLIANCE INC, founded in 2014, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES TO CONDUCT SUPPORTING ACTIVITIES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF WICHITA STATE UNIVERSITY AND DESIGNATED AFFILIATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,500,000

Program Service Revenue $0

Investment Income $20,856

Other Revenue $907,953

TOTAL REVENUE $3,428,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,790,572

Other Expenses $3,790,572

TOTAL EXPENSES $3,790,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,428,809	$4,300,591	-0.2%
Expenses	$3,790,572	$5,259,633	-0.3%
Net Income	$-361,763	$-959,042	-0.6%

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

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

$2,838,463

Total Directors

$3,543,862

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TOMBLIN	PRESIDENT	1.00	Officer Director	$24,782	$66,137	$1,210,111
SCOTT REDLER	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE HARTER	DIRECTOR	1.00	Director	$0	$46,295	$426,712
ANDY SCHLAPP	SECRETARY, TREASURER	1.00	Officer Director	$0	$47,357	$495,448
RICK MUMA	CHAIR	1.00	Officer Director	$0	$48,425	$830,313
MEHMET BAYRAM YILDIRIM	DIRECTOR	1.00	Director	$0	$35,616	$259,542
EBONY CLEMONS-AJIBOLADE	DIRECTOR	1.00	Director	$0	$0	$0
TELLY MCGAHA	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY MUSCAT	DIRECTOR	1.00	Director	$0	$40,336	$321,736
KRIYA SHORTT	DIRECTOR	1.00	Director	$0	$0	$0
LOIS TATRO	CFO	1.00	Officer	$0	$38,540	$302,591

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
2025	$3,428,809	$3,790,572	$42,005,417	$-361,763
2024	No data	No data	No data	No data
2023	$4,032,350	$3,125,646	$46,761,665	$906,704
2022	$4,920,747	$2,286,462	$51,885,910	$2,634,285
2021	$2,368,077	$2,083,077	$2,390,792	$285,000
2020	$2,261,356	$2,649,102	$1,813,741	$-387,746
2019	$2,283,591	$3,086,049	$2,520,870	$-802,458
2018	$2,035,378	$3,508,598	$1,634,615	$-1,473,220

WICHITA STATE INNOVATION ALLIANCE INC