Greater Wichita Partnership Inc

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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

2015

Legal Domicile

Phone

3165006650

Tax Period

2023-01-01 to 2023-12-31

Greater Wichita Partnership Inc, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $4.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

ALIGN RESOURCES AND FOCUS THE COMMUNITY ON COMMON STRATEGIES THAT FAST-FORWARD ECONOMIC GROWTH IN WICHITA AND THROUGHOUT SOUTH-CENTRAL KANSAS. OUR WORK ENCOMPASSES EVERYTHING FROM CREATING A VIBRANT URBAN ENVIRONMENT IN DOWNTOWN WICHITA TO ADVANCING A COLLABORATIVE 10-COUNTY ECONOMIC DEVELOPMENT INITIATIVE THAT WILL GROW OUR REGION'S NEXT GENERATION ECONOMY.

Program Service Accomplishments

Program 1

MARKETING AND RECRUITING PROGRAMS TO DRAW BUSINESSES AND PROFESSIONALS INTO THE AREA.

Program 2

ORGANIZATIONAL DEVELOPMENT AND OTHER CORPORATE PROGRAMS TO PROVIDE PROFESSIONAL TRAINING THAT ENSURES THE CONTINUITY AND SUCCESS OF THE ORGANIZATION.

Program 3

FACILITATION OF DIVERSE, QUALITY JOBS AND CAPITAL INVESTMENTS THAT GENERATE AN OVERALL POSITIVE RETURN FOR THE COMMUNITY.

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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 $3,285,990

Program Service Revenue $0

Investment Income $13,230

Other Revenue $9,540

TOTAL REVENUE $3,308,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,910,939

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,237,294

TOTAL EXPENSES $4,226,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,308,760	$3,535,389	-0.1%
Expenses	$4,226,033	$3,413,990	+0.2%
Net Income	$-917,273	$121,399	-8.6%

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

100

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

$443,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CO-CHAIR	1.0	Officer Director	$0	$0	$0
N/A	CO-CHAIR	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	VICE-CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	AT-LARGE MEMBER	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-0FFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	AT-LARGE MEMBER	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	EMERITUS DIRECTOR	1.0	Director	$0	$0	$0
N/A	AT-LARGE MEMBER	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	DIRECTOR - EX-OFFICIO	1.0	Director	$0	$0	$0
N/A	CHIEF FINANCIAL OFFICER	5.0	Officer	$16,328	$4,384	$23,593
N/A	PRESIDENT	31.0	Officer	$299,438	$45,965	$420,263
N/A	EXEC. VP OF ECON. DEV.	40.0	Highest	$177,575	$35,262	$212,837
N/A	VICE PRESIDENT - INVESTOR RELATIONS	40.0	Highest	$123,320	$10,173	$133,493
N/A	EXECUTIVE VP OF STRATEGIC COMMUNICATIONS	32.0	Highest	$110,955	$30,641	$169,335
N/A	EXECUTIVE VP OF OPERATIONS	40.0	Highest	$163,421	$34,071	$197,492

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	$3,308,760	$4,226,033	$898,160	$-917,273
2022	$3,535,389	$3,413,990	$1,919,500	$121,399
2021	$3,323,648	$3,157,337	$1,357,679	$166,311
2020	$2,662,833	$2,498,569	$1,171,804	$164,264
2019	$2,857,990	$2,763,184	$1,123,193	$94,806
2018	$2,418,290	$2,555,355	$984,663	$-137,065