Wichita Falls Area Community Foundation (EIN 752817894) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

Leslie Schaffner

Phone

9407660829

Tax Period

2023-01-01 to 2023-12-31

Wichita Falls Area Community Foundation, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 25% operating margin.

Mission

To enhance the quality of life in the Wichita Falls area through the promotion and support of charitable giving.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,284,630

Program Service Revenue $0

Investment Income $1,460,518

Other Revenue $39,227

TOTAL REVENUE $8,784,375

Expense Breakdown

Grants Paid $5,785,050

Salaries & Benefits $468,720

Fundraising Expenses $123,554

Program Expenses $6,210,836

Other Expenses $314,185

TOTAL EXPENSES $6,567,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,784,375	$5,318,274	+0.7%
Expenses	$6,567,955	$7,065,301	-0.1%
Net Income	$2,216,420	$-1,747,027	-2.3%

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

Total Directors

Key Employees

$166,881

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Moffat	Chairman	1.00	Officer Director	$0	$0	$0
Leo Lane	Vice-Chairman	1.00	Officer Director	$0	$0	$0
Warren Ayres	Sec./Treas.	1.00	Officer Director	$0	$0	$0
Darrell Coleman	Director	1.00	Director	$0	$0	$0
Carla Bolin	Director	1.00	Director	$0	$0	$0
Mark Fleming	Director	1.00	Director	$0	$0	$0
Danny Cremeens	Director	1.00	Director	$0	$0	$0
Allyson Flack	Director	1.00	Director	$0	$0	$0
Josh Andrajack	Director	1.00	Director	$0	$0	$0
Wynn Heyen	Director	1.00	Director	$0	$0	$0
Tony Fidelie	Director	1.00	Director	$0	$0	$0
Lysle Huddleston	Director	1.00	Director	$0	$0	$0
Doug Armstrong	Director	1.00	Director	$0	$0	$0
Katie Parkey	Director	1.00	Director	$0	$0	$0
Michael Stanford	Director	1.00	Director	$0	$0	$0
Eric Robb	Director	1.00	Director	$0	$0	$0
Barbara Merkle	Director	1.00	Director	$0	$0	$0
Leslie Schaffner	President	40.00	Key Emp	$150,200	$16,681	$166,881

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	No data	No data	No data	No data
2023	$8,784,375	$6,567,955	$76,040,362	$2,216,420
2022	$5,318,274	$7,065,301	$66,714,610	$-1,747,027
2021	$8,576,098	$7,779,015	$80,507,148	$797,083
2020	$6,140,031	$5,181,876	$69,861,526	$958,155
2019	$6,726,181	$6,703,873	$65,583,098	$22,308

Wichita Falls Area Community Foundation