WICHITA FALLS FAITH MISSION 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

1958

Legal Domicile

Principal Officer

STEVE SPARKS

Phone

9407235663

Tax Period

2024-07-01 to 2025-06-30

WICHITA FALLS FAITH MISSION INC, founded in 1958, is a community nonprofit in the Religion sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 38% operating margin.

Mission

TO PROVIDE CHRIST-CENTERED PROGRAMS AND SERVICES THAT LEAD THE HOMELESS TOWARD SELF-SUFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $2,504,167 Revenue: $22,400

THROUGH ITS TWO SHELTERS FAITH MISSION FOR MEN AND FAMILIES AND FAITH REFUGE FOR WOMEN AND CHILDREN, WICHITA FALLS FAITH MISSION, INC. PROVIDES CHRIST-CENTERED PROGRAMS AND SERVICES THAT LEAD THE...

THROUGH ITS TWO SHELTERS FAITH MISSION FOR MEN AND FAMILIES AND FAITH REFUGE FOR WOMEN AND CHILDREN, WICHITA FALLS FAITH MISSION, INC. PROVIDES CHRIST-CENTERED PROGRAMS AND SERVICES THAT LEAD THE HOMELESS AND ADDICTED TOWARD SELF-SUFFICIENCY. TOTAL MEALS SERVED 145,653 NIGHTS OF SHELTER FOR MEN 24,555 NIGHTS OF SHELTER FOR WOMEN 16,597 NIGHTS OF SHELTER FOR CHILDREN 4,539 INDIVIDUALS RECEIVED HELP 2,186 INDIVIDUALS RECEIVED CLOTHING 2,941 CUMULATIVE VOLUNTEER HOURS 10,431

Program 2

Expenses: $1,583,240 Revenue: $108,908

FAITH RESALE IS A SOCIAL ENTERPRISE PROGRAM WHERE DONATED CLOTHING AND HOUSEHOLD ITEMS ARE SOLD. 100 PERCENT OF THE PROFIT FROM THE STORE ARE USED TO HELP WITH THE OPERATING COST OF THE TWO SHELTERS, FAITH MISSION AND FAITH REFUGE. THE STORE IS ALSO USED FOR TRAINING FOR THE MEN AND WOMEN AS PART OF THE JOB READINESS PROGRAM. HERE THEY LEARN JOB SKILLS LIKE BEING DEPENDABLE, BEING RELIABLE.

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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 $7,275,423

Program Service Revenue $22,150

Investment Income $58,118

Other Revenue $86,096

TOTAL REVENUE $7,441,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,482,314

Fundraising Expenses $325,546

Program Expenses $4,087,407

Other Expenses $2,157,179

TOTAL EXPENSES $4,639,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,441,787	$4,106,650	+0.8%
Expenses	$4,639,493	$4,101,218	+0.1%
Net Income	$2,802,294	$5,432	+514.9%

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

Governance

Voting Members

Independent Members

Employees

134

Volunteers

836

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

$104,078

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE WOOD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOELLEN TRITTON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID WELCH	TREASURER	1.00	Officer Director	$0	$0	$0
KATIE INMAN	DIRECTOR	1.00	Director	$0	$0	$0
TONY FIDELIE	DIRECTOR	1.00	Director	$0	$0	$0
KIM MCCLELLAN	DIRECTOR	1.00	Director	$0	$0	$0
WILL CLARK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BLAIR	DIRECTOR	1.00	Director	$0	$0	$0
TAZ ELLETT	DIRECTOR	1.00	Director	$0	$0	$0
TODD DAVENPORT	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
DR ANGUS THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SPARKS	EXECUTIVE DIRECTOR	50.00	Officer	$104,078	$0	$104,078

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	$7,441,787	$4,639,493	$10,691,018	$2,802,294
2024	$4,106,650	$4,101,218	$7,932,399	$5,432
2023	$3,906,208	$3,666,308	$6,716,602	$239,900
2022	$3,566,359	$3,125,821	$6,471,024	$440,538
2021	$2,973,640	$2,589,125	$6,044,079	$384,515
2020	$2,882,235	$2,558,057	$5,614,917	$324,178
2019	$2,497,614	$2,231,962	$5,261,923	$265,652