WPS2 Fund

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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

2021

Legal Domicile

Phone

4794641500

Tax Period

2024-01-01 to 2024-12-31

WPS2 Fund, founded in 2021, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $5.0M exceeded revenue, resulting in a 345% operating deficit.

Mission

WPS2 Fund is organized, and shall be operated exclusively, for civic and social welfare purposes. In particular, the purpose of the Corporation is to support innovations and reforms to improve public and private K-12 education for the benefit of all students. The Corporation will support and foster such innovations and reforms through mission-related investments, grants to nonprofit organizations, and conducting such other activities as determined by the Corporation's Board of Directors.

Program Service Accomplishments

Program 1

Expenses: $4,945,296

To make education impact and social impact investments in enterprises to support education innovation for K-12 public and private schools. Education impact investments are equity or debt investments in enterprises producing innovative materials, curricula, models, systems, technologies and other items designed to improve K-12 education by creating and expanding methods, products, services and opportunities to help what students learn, where they learn and how they learn.

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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 $0

Program Service Revenue $0

Investment Income $1,114,380

Other Revenue $0

TOTAL REVENUE $1,114,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,945,296

Other Expenses $4,962,345

TOTAL EXPENSES $4,962,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,114,380	$915,804	+0.2%
Expenses	$4,962,345	$5,181,531	0.0%
Net Income	$-3,847,965	$-4,265,727	-0.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUDDY D PHILPOT	DIRECTOR, PRESIDENT (UNTIL 10/14/24), TREASURER (FROM 10/14/24)	0.5	Officer Director	$0	$0	$0
MARC HOLLEY	DIRECTOR, PRESIDENT (FROM 10/14/24)	0.5	Officer Director	$0	$0	$0
ERRON SMITH	SECRETARY	0.5	Officer	$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	$1,114,380	$4,962,345	$262,754,515	$-3,847,965
2023	$915,804	$5,181,531	$266,602,480	$-4,265,727
2022	$276,082,637	$5,358,913	$270,868,207	$270,723,724
2021	$1,485,640	$1,341,157	$58,394,483	$144,483