Westlake Fellowship Innovative Alliance

Nonprofit profile at a glance

EIN
823563294
IRS 990-EZ coverage
2023–2023
Forms available
Form 990-EZ 2023, Form 990-N 2022
Location
Montgomery, TX, USA
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Services N.E.C.

Reported finances

Revenue
$162,705
Expenses
$146,349
Assets
$44,598

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • Robert Corbell (Board Member)
  • Roy Myers (Board Member)
  • Tim Stone (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We exist to: Mobilize teams physical resources and financial resources for the purpose of assisting people in need both locally and globally. This includes but is not limited to helping widows orphans and children being raised in single parent homes as well as providing humanitarian aid and or disaster relief. Engage in social enterprise - the development of business models that provide job training education life skills training and mentorships to those in need through structured programs while providing assistance to those in need both locally and globally. Develop relational partnerships with other nonprofit and mission organizations in order to provide support for like-minded missions. Engage in charitable educational and religious activities within the meaning of section 501 c 3 of the Internal Revenue Code

What it reported doing in 2023

Summary of other program services: Widows and Single Parents ministry outreach: We provided help in the form of financial assistance for lawn care and car maintenance for widows and single parents. We also provided physical resources such as clothing furniture and homegoods for widows single parents and children being raised in single parent homes. We provided support to single parent families during Christmas holidays. We supported familes in need through food distribution. All "other program services" total expenses: $58,603

Operating model

Revenue model
Other-operating. 63% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.4%; rating input score 69
  • Program expense ratio: 77.2%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 10.1%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.1%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 69.4% of revenue deployed · 77.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $113K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.