WESTERN DAIRY EDUCATION & RESEARCH FOUNDATION (EIN 854034084) - 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

2020

Legal Domicile

Principal Officer

DREW T HONEYCUTT

Phone

8009675005

Tax Period

2023-01-01 to 2023-12-31

WESTERN DAIRY EDUCATION & RESEARCH FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $423K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $664K exceeded revenue, resulting in a 57% operating deficit.

Mission

PROMOTING THE EDUCATION OF COMMERCIAL DRIVERS PURSUING CAREERS IN BULK DAIRY HAULING, AS WELL AS SUPPORTING GENERAL COMMUNITY CHARITABLE EVENTS AND ENDEAVORS IN THE COMMUNITIES WE SERVE.

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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 $250,000

Program Service Revenue $173,426

Investment Income $0

Other Revenue $0

TOTAL REVENUE $423,426

Expense Breakdown

Grants Paid $489,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $654,283

Other Expenses $174,938

TOTAL EXPENSES $664,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$423,426	$1,138,541	-0.6%
Expenses	$664,438	$680,008	0.0%
Net Income	$-241,012	$458,533	-1.5%

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

N/A

Employees

N/A

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

$1,141,363

Total Directors

$1,237,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID S SHELTON	PRESIDENT	1.00	Officer Director	$0	$29,297	$391,249
JIM PECK	TREASURER	1.00	Officer Director	$0	$40,016	$351,102
DREW T HONEYCUTT	SECRETARY	1.00	Officer Director	$0	$40,766	$399,012
JAMES C DIXON RESIGNED	FORMER SECRE	1.00	Director	$0	$98	$95,692

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	$423,426	$664,438	$247,174	$-241,012
2022	$1,138,541	$680,008	$510,686	$458,533
2021	$473,300	$443,647	$57,153	$29,653

WESTERN DAIRY EDUCATION & RESEARCH FOUNDATION