FAITH ACADEMY OF WICHITA ASSOCIATION (EIN 471826853) - 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

BLAINE AGPOON

Phone

3162391449

Tax Period

2021-07-01 to 2022-06-30

FAITH ACADEMY OF WICHITA ASSOCIATION, founded in 2014, is a small nonprofit that reported $634K in total revenue in fiscal year 2021. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $595K left a modest 6% surplus.

Mission

TO DEVELOP A VANGUARD OF CHRIST-LIKE, EDUCATED YOUNG MEN AND WOMEN ABLE TO MOVE CONFIDENTLY AND INFLUENTIALLY INTO THE LARGER CULTURE, FULL OF GRACE AND TRUTH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $110,800

Program Service Revenue $520,981

Investment Income $351

Other Revenue $1,805

TOTAL REVENUE $633,937

Expense Breakdown

Grants Paid $676

Salaries & Benefits $364,573

Fundraising Expenses $26,877

Program Expenses $568,264

Other Expenses $229,892

TOTAL EXPENSES $595,141

Year-over-Year Comparison

	2021	2020	Change
Revenue	$633,937	$371,912	+0.7%
Expenses	$595,141	$264,639	+1.2%
Net Income	$38,796	$107,273	-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

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

$10,867

Total Directors

$10,867

Key Employees

$8,367

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANNA AGPOON	HEAD OF SCHOOL	60.00	Officer Director Key Emp	$8,367	$0	$8,367
BLAINE AGPOON	TREASURER	5.00	Officer Director	$2,500	$0	$2,500
MARK AGPOON	SECRETARY	3.00	Officer Director	$0	$0	$0
STEVE KELLY	DIRECTOR	3.00	Director	$0	$0	$0
DAVID DONOVAN	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS WAIPPA	CHAIRMAN	3.00	Director	$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
2022	$633,937	$595,141	$276,539	$38,796
2021	$371,912	$264,639	$236,965	$107,273
2020	$266,916	$212,983	$131,890	$53,933
2019	$166,095	$260,304	$77,171	$-94,209

FAITH ACADEMY OF WICHITA ASSOCIATION