WHEATON ACADEMY INSTITUTE

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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

Principal Officer

PHIL STRZALKA

Phone

6305627500

Tax Period

2024-08-01 to 2025-07-31

WHEATON ACADEMY INSTITUTE, founded in 2015, is a small nonprofit in the Education sector that reported $476K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

THE WHEATON ACADEMY INSTITUTE'S MISSION IS TO ADVANCE CHRISTIAN EDUCATION.(CONTINUED ON SCHEDULE O)IT OPERATES VARIOUS PROGRAMS TO SUPPORT THE INTERNATIONAL STUDENT PROGRAM AND PREPARE STUDENTS FOR THEIR AMERICAN STUDIES, A TUTORING CENTER FOR CURRENT, FUTURE, AND OTHER STUDENTS AND EDUCATIONAL-RELATED SCHOOL CONFERENCES.

Program Service Accomplishments

Program 1

Expenses: $251,062 Revenue: $322,960

BEST PRACTICE CONFERENCE (BPC) - BPC IS A THREE-DAY ANNUAL CONFERENCE WHERE OTHER CHRISTIAN SCHOOLS ARE INVITED TO HEAR ABOUT THE BEST PRACTICES OF WHEATON ACADEMY AND OTHER GREAT CHRISTIAN SCHOOLS. IN ADDITION, CURRICULUM IS SOLD TO OTHER CHRISTIAN SCHOOLS SO THEY CAN UTILIZE THESE BEST PRACTICES IN THEIR SCHOOL.

Program 2

Expenses: $180,512 Revenue: $90,281

TUTORING - THE LEARNING CENTER IS ORGANIZED TO PROVIDE CONSISTENT AND ACCESSIBLE INSTRUCTION TO AREA HIGH SCHOOL STUDENTS FROM VARIOUS SCHOOLS IN THE AREA. STUDENTS WHO ARE LOOKING TO ADVANCE IN A...

TUTORING - THE LEARNING CENTER IS ORGANIZED TO PROVIDE CONSISTENT AND ACCESSIBLE INSTRUCTION TO AREA HIGH SCHOOL STUDENTS FROM VARIOUS SCHOOLS IN THE AREA. STUDENTS WHO ARE LOOKING TO ADVANCE IN A FIELD OF KNOWLEDGE CAN CONNECT WITH CONTRACT TUTORS AND RECEIVE PRIVATE LESSONS ON THE WHEATON ACADEMY CAMPUS.

Program 3

Expenses: $49,832 Revenue: $57,761

WHEATON ACADEMY GLOBAL NETWORK (WAGN) - WAGN PLACES INTERNATIONAL STUDENTS AT PRIVATE CHRISTIAN HIGH SCHOOLS, HOSTS A SUMMER CAMP FOR INTERNATIONAL STUDENTS WITH THE GOAL OF IMPROVING THEIR LANGUAGE SKILLS AND PREPARING THEM TO MATRICULATE TO AMERICAN SCHOOLS, AND RUNS A CONFERENCE FOR OTHER SCHOOLS WITH INTERNATIONAL PROGRAMS.

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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 $5,000

Program Service Revenue $471,002

Investment Income $0

Other Revenue $0

TOTAL REVENUE $476,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,308

Fundraising Expenses $0

Program Expenses $481,406

Other Expenses $225,098

TOTAL EXPENSES $481,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$476,002	$277,752	+0.7%
Expenses	$481,406	$408,491	+0.2%
Net Income	$-5,404	$-130,739	-1.0%

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

$452,184

Total Directors

$190,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL STRZALKA	EXECUTIVE DIRECTOR WAI	8.00	Officer Director	$0	$28,672	$190,864
DOUG FRANKLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DON ADAMS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS GRANT	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE TORRES	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MARK ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KARLSON	COO/CFO	1.00	Officer	$0	$74,878	$261,320

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	$476,002	$481,406	$716,204	$-5,404
2024	$277,752	$408,491	$271,337	$-130,739
2023	$367,411	$436,674	$85,265	$-69,263
2022	$377,282	$375,610	$138,158	$1,672
2021	$535,929	$300,411	$107,120	$235,518
2020	$295,481	$391,261	$27,107	$-95,780
2019	$1,026,991	$972,815	$933	$54,176
2018	$1,160,881	$1,146,492	$594	$14,389