TEXAS LETTERING ARTS COUNCIL (EIN 010795050) - 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

2003

Legal Domicile

Principal Officer

Angela Vangalis

Phone

2149571736

Tax Period

2021-01-01 to 2021-12-31

TEXAS LETTERING ARTS COUNCIL, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $304K in total revenue in fiscal year 2021. Revenue surged 731% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 18% operating margin.

Mission

The Texas Lettering Arts Council seeks to educate and train children and adults about the history if written language, handwriting and the calligraphic lettering arts which promotes literacy while building self-esteem and encouraging creativity and imagination.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $304,268

Investment Income $0

Other Revenue $0

TOTAL REVENUE $304,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,030

Fundraising Expenses $0

Program Expenses $215,023

Other Expenses $219,482

TOTAL EXPENSES $250,512

Year-over-Year Comparison

	2021	2020	Change
Revenue	$304,268	$36,615	+7.3%
Expenses	$250,512	$42,430	+4.9%
Net Income	$53,756	$-5,815	-10.2%

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

Total Directors

$31,030

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Vangalis	President	30.00	Director	$23,230	$0	$23,230
Tamer Ghoneim	Director	1.00	Director	$7,800	$0	$7,800
Deanna Fava	Vice President	1.00	Director	$0	$0	$0
Belinda Anderson	Secretary	1.00	Director	$0	$0	$0
Cayetano Olivarez	Treasurer	10.00	Director	$0	$0	$0
Gina Tanner	Director	1.00	Director	$0	$0	$0
Francis Stoppiello	Director	1.00	Director	$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
2021	$304,268	$250,512	$90,584	$53,756
2020	$36,615	$42,430	$21,870	$-5,815
2019	$40,329	$43,964	$29,755	$-3,635

TEXAS LETTERING ARTS COUNCIL