INTERFAITH MINISTRIES OF WICHITA F… - Form 990 Financial Data

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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

1981

Legal Domicile

Phone

9403221365

Tax Period

2024-01-01 to 2024-12-31

INTERFAITH MINISTRIES OF WICHITA FALLS INC DBA INTERFAITH OUTREACH SERVICES, founded in 1981, is a small nonprofit in the Human Services sector that reported $551K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $662K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE ASSISTANCE TO TEMPORARILY DISADVANTAGED INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $541,471

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE ASSISTANCE TO TEMPORARILY DISADVANTAGED INDIVIDUALS AND FAMILIES.QUALIFYING CLIENTS RECEIVE ASSISTANCE WITH RENT, UTILITIES, MEDICAL BILLS...

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE ASSISTANCE TO TEMPORARILY DISADVANTAGED INDIVIDUALS AND FAMILIES.QUALIFYING CLIENTS RECEIVE ASSISTANCE WITH RENT, UTILITIES, MEDICAL BILLS, PRESCRIPTIONS, MEDICAL EQUIPMENT, DIAPERS, AND FOOD. OVER 4443 HOUSEHOLDS RECEIVED ASSISTANCE IN 2024. ADDITIONALLY, OVER 85,629 POUNDS OF FOOD WAS DISTRIBUTED TO 9448 PEOPLE IN 2024.

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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 $500,758

Program Service Revenue $0

Investment Income $50,290

Other Revenue $0

TOTAL REVENUE $551,048

Expense Breakdown

Grants Paid $339,041

Salaries & Benefits $198,130

Fundraising Expenses $21,299

Program Expenses $541,471

Other Expenses $124,967

TOTAL EXPENSES $662,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$551,048	$768,962	-0.3%
Expenses	$662,138	$629,467	+0.1%
Net Income	$-111,090	$139,495	-1.8%

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

$60,794

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS GOSSOM	Executive Dir.	40.00	Officer	$60,794	$0	$60,794
ANN BELGRADO	Director	2.00	Director	$0	$0	$0
ELLAHEH EBRAHIM	Director	2.00	Director	$0	$0	$0
BRENT WALKER	Past Chairman	2.00	Officer Director	$0	$0	$0
FERNANDO GARCIA	Chairman Elect	2.00	Officer Director	$0	$0	$0
MATT LEDESMA	Chairman	2.00	Officer Director	$0	$0	$0
TRENT MURRAY	Secretary	2.00	Officer Director	$0	$0	$0
JODI BENDER	Director	2.00	Director	$0	$0	$0
JANE RIDENOUR	Director	2.00	Director	$0	$0	$0
APRIL WILLIAMS	Director	2.00	Director	$0	$0	$0
DOMINEE SPANN	Director	2.00	Director	$0	$0	$0
ISAAC CHRISTIANSEN	Director	2.00	Director	$0	$0	$0
BILL PRESSON	Director	2.00	Director	$0	$0	$0
JEAN GRAHAM	Director	2.00	Director	$0	$0	$0
GEORGIA HARRISON	Director	2.00	Director	$0	$0	$0
POLLY TONEMAH	Director	2.00	Director	$0	$0	$0
RAY TAYLOR	Director	2.00	Director	$0	$0	$0
BILLY CLARK	Director	2.00	Director	$0	$0	$0
WALTER COPPAGE	Treasurer	4.00	Officer 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	$551,048	$662,138	$1,779,066	$-111,090
2023	$768,962	$629,467	$1,859,212	$139,495
2022	$691,026	$580,019	$1,669,055	$111,007
2021	$611,341	$461,277	$1,612,978	$150,064
2020	$501,001	$468,102	$1,442,853	$32,899
2019	$404,863	$433,306	$1,370,869	$-28,443
2018	$489,397	$447,005	$1,371,318	$42,392

INTERFAITH MINISTRIES OF WICHITA FALLS INC DBA INTERFAITH OUTREACH SERVICES