PHIL WALDREP EVANGELISTIC ASSOCIATI

EIN: 630782826 501(c)(3) Religion

DECATUR, AL

Total Revenue
$13,455,436
Total Expenses
$10,376,259
Total Assets
$13,691,951
Net Assets
$10,662,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
AL
Principal Officer
PHIL WALDREP
Phone
2563551554
Tax Period
2024-01-01 to 2024-12-31

PHIL WALDREP EVANGELISTIC ASSOCIATI, founded in 1980, is a mid-sized nonprofit in the Religion sector that reported $13.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 23% operating margin.

Mission

THE MISSION OF PHIL WALDREP EVANGELISTIC ASSOCIATION IS TO SHARE THE GOSPEL BY ALL MEANS, TRADITIONAL AND NON-TRADITIONAL, AND TO PROVIDE QUALITY CONFERENCES AND RESOURCES FOR PEOPLE TO DEVELOP THEIR SPIRITUAL LIVES BY STRENGTHENING THEIR RELATIONSHIP WITH GOD, FAMILY AND ASSOCIATES WHILE MAINTAINING A COMMITMENT TO BIBLICAL TRUTH AND HIGHEST LEVELS OF INTEGRITY.

Program Service Accomplishments

Program 1
Expenses: $7,467,245

RELIGOUS CONVENTIONS SERVING THOUSANDS OF PEOPLE TO PROVIDE THESE PARTICIPANTS WITH VARIOUS INSPIRATIONAL SPEAKERS AND MUSIC LEADERS TO SPREAD THE WORD OF THE LORD JESUS CHRIST.

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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 $1,698,559
Program Service Revenue $10,318,265
Investment Income $-112,484
Other Revenue $1,551,096
TOTAL REVENUE $13,455,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,374,020
Fundraising Expenses $66,686
Program Expenses $7,467,245
Other Expenses $9,002,239
TOTAL EXPENSES $10,376,259

Year-over-Year Comparison

2024 2023 Change
Revenue $13,455,436 $12,101,959 +0.1%
Expenses $10,376,259 $9,410,112 +0.1%
Net Income $3,079,177 $2,691,847 +0.1%
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
8
Independent Members
8
Employees
17
Volunteers
50

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
4
$304,307
Total Directors
9
$304,307
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL WALDREP CHAIRMAN 40.00
Officer Director
$172,307 $0 $172,307
THOMAS SCHWINDLING BOARD MEMBER N/A
Officer Director
$132,000 $0 $132,000
GEORGE ATWOOD DIRECTOR N/A
Director
$0 $0 $0
DAVID BLACK SECRETARY N/A
Officer Director
$0 $0 $0
RAY BREEDEN TREASURER N/A
Officer Director
$0 $0 $0
MARK CRAIG DIRECTOR N/A
Director
$0 $0 $0
KRIS HURST OFFICER 1.00
Director
$0 $0 $0
DALE KELTON DIRECTOR N/A
Director
$0 $0 $0
JIM TANNER DIRECTOR N/A
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 $13,455,436 $10,376,259 $13,691,951 $3,079,177
2024 No data No data No data No data
2023 $12,101,959 $9,410,112 $10,179,346 $2,691,847
2023 $12,101,959 $9,410,112 $10,179,346 $2,691,847
2023 $12,101,959 $9,410,112 $10,179,346 $2,691,847
2022 $8,699,150 $8,786,419 $5,779,331 $-87,269
2021 $9,174,147 $7,230,433 $5,783,944 $1,943,714
2020 $4,132,150 $4,627,530 $4,857,819 $-495,380
2019 $9,365,149 $8,370,636 $4,497,793 $994,513
2018 $8,207,033 $7,596,020 $3,580,766 $611,013
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