TEXAS SPRING CORPORATION (EIN 020768724) - 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

2006

Legal Domicile

Principal Officer

DIANA KAY HUNN

Phone

8174785852

Tax Period

2022-07-01 to 2023-06-30

TEXAS SPRING CORPORATION, founded in 2006, is a small nonprofit in the Education sector that reported $692K in total revenue in fiscal year 2022. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $654K left a modest 5% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO OPERATE AS A SECONDARY SCHOOL FOCUSED ON EDUCATING AND EQUIPPING STUDENTS WITH UNIQUE SKILLS AND A COLLEGE FOCUS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $166,786

Program Service Revenue $515,165

Investment Income $0

Other Revenue $9,715

TOTAL REVENUE $691,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,742

Fundraising Expenses $4,361

Program Expenses $517,865

Other Expenses $243,603

TOTAL EXPENSES $654,345

Year-over-Year Comparison

	2022	2021	Change
Revenue	$691,666	$486,922	+0.4%
Expenses	$654,345	$563,020	+0.2%
Net Income	$37,321	$-76,098	-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

Volunteers

102

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
RUSSELL BARTHOLOMEE	SECRETARY	6.00	Officer Director	$0	$0	$0
JULIE CLIFFORD	TREASURER/CF	6.00	Officer Director	$0	$0	$0
DAVID HUNN	VP- DIRECTOR	12.00	Officer Director	$0	$0	$0
DIANA KAY HUNN	PRESIDENT/CE	30.00	Officer Director	$0	$0	$0
ALICE INGLIS	DIRECTOR	6.00		$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	No data	No data	No data	No data
2023	$691,666	$654,345	$136,043	$37,321
2022	$486,922	$563,020	$74,189	$-76,098

TEXAS SPRING CORPORATION