KRHA EDUCATIONAL FOUNDATION

EIN: 481190044 501(c)(3) Education

Wichita, KS

Total Revenue
$246,866
Total Expenses
$212,920
Total Assets
$637,289
Net Assets
$556,125
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
KS
Principal Officer
Adam R Mills
Phone
3162678383
Tax Period
2024-01-01 to 2024-12-31

KRHA EDUCATIONAL FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $213K left a modest 14% surplus.

Mission

Enhance the hospitality industry's service to its members and the general public through education, community engagement and promotion of career opportunities. Provide assistance to schools and the hospitality industry with mentoring, training, equipment and expenses to further knowledge in food service and hospitality management.

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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 (2024)

Revenue Breakdown

Contributions & Grants $121,400
Program Service Revenue $18,763
Investment Income $24,559
Other Revenue $82,144
TOTAL REVENUE $246,866

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $120,858
Fundraising Expenses $0
Program Expenses $189,309
Other Expenses $87,062
TOTAL EXPENSES $212,920

Year-over-Year Comparison

2024 2023 Change
Revenue $246,866 $219,340 +0.1%
Expenses $212,920 $200,994 +0.1%
Net Income $33,946 $18,346 +0.9%
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
12
Independent Members
12
Employees
N/A
Volunteers
90

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
$489,424
Total Directors
11
$3,200
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Mills President/CEO 0.5
Officer
$0 $38,432 $291,403
Sheila Thomas VP Finance/CFO 3.0
Officer
$7,175 $34,314 $198,021
Travis Sartain Member Services Representative 0.35
Highest
$0 $6,832 $178,712
Joseph D Wolfe Member Services Representative 0.35
Highest
$0 $22,487 $129,707
Joshua L Sears VP Risk Management 40
Highest
$0 $31,265 $128,894
Dale Schmitt Board Member 0.12
Director
$0 $0 $3,200
Kevin Timmons Board Member 0.12
Director
$0 $0 $0
Hugh O'Reilly Board Member 0.5
Director
$0 $0 $0
John Arnold Board Member 0.12
Director
$0 $0 $0
Scott Redler Board Member 0.12
Director
$0 $0 $0
Mario Quiroz Board Member 0.12
Director
$0 $0 $0
Jen Ray Board Member 0.12
Director
$0 $0 $0
Timerie Shibley Board Member 0.12
Director
$0 $0 $0
Robert Little Board Chair 0.12
Director
$0 $0 $0
Patrick Schreiner Board Member 0.12
Director
$0 $0 $0
Tony Sullentrop Board Member 0.12
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
2024 $246,866 $212,920 $637,289 $33,946
2023 $219,340 $200,994 $586,332 $18,346
2022 $210,189 $218,682 $533,052 $-8,493
2021 $285,616 $256,577 $665,982 $29,039
2020 $235,049 $179,796 $641,556 $55,253
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