WICHITA FALLS INDEPENDENT SCHOOL D… - 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

1987

Legal Domicile

Principal Officer

NIKKI DAVIS

Phone

9402351009

Tax Period

2024-01-01 to 2024-12-31

WICHITA FALLS INDEPENDENT SCHOOL DISTRICT FOUNDATION INC, founded in 1987, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 8% surplus.

Mission

TO PROMOTE QUALITY EDUCATION BY ESTABLISHING, SUPPORTING AND ENHANCING PROGRAMS NOT OTHERWISE FUNDED BY WICHITA FALLS INDEPENDENT SCHOOL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $3,784,394

TO PROMOTE QUALITY EDUCATION BY ESTABLISHING, SUPPORTING AND ENHANCING PROGRAMS NOT OTHERWISE FUNDED BY WICHITA FALLS INDEPENDENT SCHOOL DISTRICT.

Program 2

Expenses: $103,620 Revenue: $2,816

TO PROVIDE ECONOMICALLY DISADVANTAGED CHILDREN IN WICHITA FALLS, TEXAS FREE SCHOOL SUPPLY KITS AND BACKPACKS. IN 2024, 6,240 SCHOOL SUPPLY KITS AND 6,008 BACKPACKS WERE PROVIDED. DURING THE ANNUAL...

TO PROVIDE ECONOMICALLY DISADVANTAGED CHILDREN IN WICHITA FALLS, TEXAS FREE SCHOOL SUPPLY KITS AND BACKPACKS. IN 2024, 6,240 SCHOOL SUPPLY KITS AND 6,008 BACKPACKS WERE PROVIDED. DURING THE ANNUAL BACK TO SCHOOL DRIVE, CONTRIBUTIONS TOTALED $237,657 AND REVENUE GENERATED FROM VENDOR BOOTHS TOTALED $2,816.

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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 $4,220,258

Program Service Revenue $2,816

Investment Income $37,923

Other Revenue $2,855

TOTAL REVENUE $4,263,852

Expense Breakdown

Grants Paid $3,784,394

Salaries & Benefits $0

Fundraising Expenses $5,361

Program Expenses $3,888,014

Other Expenses $119,243

TOTAL EXPENSES $3,903,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,263,852	$2,065,111	+1.1%
Expenses	$3,903,637	$2,446,055	+0.6%
Net Income	$360,215	$-380,944	-1.9%

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

N/A

Volunteers

157

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

$57,213

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT PAGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAM FEATHERSTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROY OLSEN	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN GRISEL	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG BROWN	DIRECTOR	1.00	Director	$0	$0	$0
VANDA CULLAR	DIRECTOR	1.00	Director	$0	$0	$0
JOEY DEAL	DIRECTOR	1.00	Director	$0	$0	$0
JACKSON FORD	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH FUKASAWA	DIRECTOR	1.00	Director	$0	$0	$0
MOLLIE LEREW	DIRECTOR	1.00	Director	$0	$0	$0
SHUNTA MCFADDEN	DIRECTOR	1.00	Director	$0	$0	$0
REGAN NABORS	DIRECTOR	1.00	Director	$0	$0	$0
JASON WHITE	DIRECTOR	1.00	Director	$0	$0	$0
RENEE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WOOLSEY	DIRECTOR	1.00	Director	$0	$0	$0
JANUARY CADOTTE	FORMER EXECUTIVE DIRECTOR	20.00	Officer	$40,372	$0	$40,372
NIKKI DAVIS	EXECUTIVE DIRECTOR	20.00	Officer	$16,841	$0	$16,841

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	$4,263,852	$3,903,637	$949,607	$360,215
2023	$2,065,111	$2,446,055	$589,392	$-380,944
2022	$2,865,257	$3,349,595	$922,036	$-484,338
2021	$1,172,650	$166,774	$1,406,374	$1,005,876
2020	$183,978	$115,846	$400,498	$68,132
2019	$86,854	$124,173	$332,366	$-37,319
2018	$96,064	$143,363	$369,685	$-47,299

WICHITA FALLS INDEPENDENT SCHOOL DISTRICT FOUNDATION INC