Tax and Finance Education Services… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

Wayne A Hayenga

Phone

9798462871

Tax Period

2020-09-01 to 2021-08-31

Tax and Finance Education Services Inc, founded in 2004, is a micro nonprofit in the Human Services sector that reported $12K in total revenue in fiscal year 2020. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 45% operating deficit.

Mission

Manage and Provide tax and Financial Educational Programs

Program Service Accomplishments

Program 1

Expenses: $16,905 Revenue: $11,687

Provide approximately 4200 Texas residents tax and financial education. Provide approximately 2200 Oklahoma residents tax and financial information. Helped develop materials that were used to teach...

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $11,687

Other Revenue $0

TOTAL REVENUE $11,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,905

Other Expenses $16,905

TOTAL EXPENSES $16,905

Year-over-Year Comparison

	2020	2019	Change
Revenue	$11,687	$741,893	-1.0%
Expenses	$16,905	$558,964	-1.0%
Net Income	$-5,218	$182,929	-1.0%

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

N/A

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
Wayne Hayenga	Pres/Tres	10.00	Officer Director	$0	$0	$0
Richard Weinberger	Secretary	1.00	Officer Director	$0	$0	$0
vacant	Vice President	N/A	Officer 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	$11,687	$16,905	$1,209,736	$-5,218
2020	$741,893	$558,964	$1,214,954	$182,929

Tax and Finance Education Services Inc