WICHITA INDEPENDENT BUSINESS ASSOCIATION

EIN: 481009531

WICHITA, KS

Total Revenue
$744,329
Total Expenses
$733,925
Total Assets
$211,450
Net Assets
$193,050
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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
1987
Legal Domicile
KS
Principal Officer
WENDELL FUNK
Phone
3162013264
Tax Period
2025-01-01 to 2025-12-31

WICHITA INDEPENDENT BUSINESS ASSOCIATION, founded in 1987, is a small nonprofit that reported $744K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

PROMOTE INDEPENDENT BUSINESS

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $733,761
Investment Income $10,568
Other Revenue $0
TOTAL REVENUE $744,329

Expense Breakdown

Grants Paid $0
Salaries & Benefits $389,680
Fundraising Expenses $0
Program Expenses $341,833
Other Expenses $344,245
TOTAL EXPENSES $733,925

Year-over-Year Comparison

2025 2024 Change
Revenue $744,329 $632,527 +0.2%
Expenses $733,925 $647,549 +0.1%
Net Income $10,404 $-15,022 -1.7%
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

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Governance

Voting Members
20
Independent Members
20
Employees
6
Volunteers
60

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
8
$130,301
Total Directors
20
$130,301
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDELL FUNK PRESIDENT 40.00
Officer Director
$130,301 $0 $130,301
JOSH TURNER CHAIRMAN 5.00
Officer Director
$0 $0 $0
JANICE PERKINS FIRST VICE C 5.00
Officer Director
$0 $0 $0
STEVE DIXON SECOND VICE 5.00
Officer Director
$0 $0 $0
SAMANTHA WOODS SECRETARY 5.00
Officer Director
$0 $0 $0
RICHARD MORROW TREASURER 5.00
Officer Director
$0 $0 $0
SUE TIRUKONDA IMMEDIATE PA 5.00
Officer Director
$0 $0 $0
SHELLEY DAVIS MEMBER AT LA 5.00
Officer Director
$0 $0 $0
BRANDI BLAYLOCK DIRECTOR 1.00
Director
$0 $0 $0
SUZY CHAPMAN DIRECTOR 1.00
Director
$0 $0 $0
AMBER DUNN DIRECTOR 1.00
Director
$0 $0 $0
ABEL FREDERIC DIRECTOR 1.00
Director
$0 $0 $0
JOSEF HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
JEFF LONGWELL DIRECTOR 1.00
Director
$0 $0 $0
DAWN MONROE DIRECTOR 1.00
Director
$0 $0 $0
MEGAN SHEARER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN ULWELLING DIRECTOR 1.00
Director
$0 $0 $0
JAKE WAYMAN DIRECTOR 1.00
Director
$0 $0 $0
KURT YOWELL DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER ZIEGLER DIRECTOR 1.00
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
2025 $744,329 $733,925 $211,450 $10,404
2024 $632,527 $647,549 $182,856 $-15,022
2023 $555,807 $565,836 $204,990 $-10,029
2022 $492,242 $420,631 $230,233 $71,611
2021 $369,407 $345,784 $140,393 $23,623
2020 $265,508 $268,106 $137,193 $-2,598
2019 $365,397 $365,390 $165,870 $7
2018 $455,055 $416,044 $151,894 $39,011
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