TEXAS FOUNDATION FOR INNOVATIVE CO… - 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

2008

Legal Domicile

Principal Officer

BILL STANBERRY

Phone

5122790757

Tax Period

2024-01-01 to 2024-12-31

TEXAS FOUNDATION FOR INNOVATIVE COMMUNITIES INC, founded in 2008, is a small nonprofit in the Environment sector that reported $251K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $232K left a modest 8% surplus.

Mission

TO ESTABLISH AND DEVELOP THE TEXAS CLEAN ENERGY PARK AS THE PREEMINENT COLLABORATIVE ENVIRONMENT FOR INNOVATIVE RESEARCH, DEVELOPMENT, COMMERCIALIZATION AND TRAINING IN THE AREAS OF RENEWABLE ENERGY, EFFICIENCY, SMART BUILDINGS AND INFRASTRUCTURE.

Program Service Accomplishments

Program 1

Expenses: $225,431

TEXAS CLEAN ENERGY PARK - THE TEXAS FOUNDATION FOR INNOVATIVE COMMUNITIES (TFIC), THROUGH RESEARCH, AND AN EXTENSIVE SERIES OF MEETINGS IWTHTHE REGION'S COMMUNITY, UTILITY, BUSINESS AND EDUCATION...

TEXAS CLEAN ENERGY PARK - THE TEXAS FOUNDATION FOR INNOVATIVE COMMUNITIES (TFIC), THROUGH RESEARCH, AND AN EXTENSIVE SERIES OF MEETINGS IWTHTHE REGION'S COMMUNITY, UTILITY, BUSINESS AND EDUCATION LEADERSHIP, CONCLUDED THAT THE FASTEST AND MOST EFFECTIVE WAY TO DEVELOP THE ORGANIZATION'S VISION OF A CLEAN ENERGY PARK WOULD BE THROUGH WINNING THE SUPPORT, COLLABORATION AND PRESENCE OF THE NATIONAL RENEWABLE ENERGY LABORATORY (NREL).

Program 2

GREEN JOBS INITIATIVE - TFIC IS HELPING DIRECT A COLLABORATIVE EFFORT TO DEVELOP A REGIONAL APPROACH TO CLEAN ENERGY TRAINING, BY PROVIDING TECHNICAL AND INDUSTRY INFORMATION AND PERSPECTIVE, AND...

GREEN JOBS INITIATIVE - TFIC IS HELPING DIRECT A COLLABORATIVE EFFORT TO DEVELOP A REGIONAL APPROACH TO CLEAN ENERGY TRAINING, BY PROVIDING TECHNICAL AND INDUSTRY INFORMATION AND PERSPECTIVE, AND LEVERAGING THE KNOWLEDGE AND RESOURCES OF THE EXISTING WORKFORCE DEVELOPMENT AGENCIES AND TRAIN

Program 3

GREEN JOBS INITIATIVE - TFIC IS HELPING DIRECT A COLLABORATIVE EFFORT TO DEVELOP A REGIONAL APPROACH TO CLEAN ENERGY TRAINING, BY PROVIDING TECHNICAL AND INDUSTRY INFORMATION AND PERSPECTIVE, AND...

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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 $251,442

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $251,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,702

Fundraising Expenses $0

Program Expenses $225,431

Other Expenses $19,763

TOTAL EXPENSES $232,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,442	$220,401	+0.1%
Expenses	$232,465	$220,094	+0.1%
Net Income	$18,977	$307	+60.8%

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

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

$180,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY LAQUEY PARKER	CHAIR	0.00	Director	$0	$0	$0
RUDY COLMENERO	TREASURER	0.00	Director	$0	$0	$0
MITCHELL JACOBSON	VICE-CHAIR	0.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	0.00	Director	$0	$0	$0
TRACEY LAQUEY PARKER	DIRECTOR	0.00	Director	$0	$0	$0
JAMIE RHODES	DIRECTOR	0.00	Director	$0	$0	$0
HARRY FAIR	DIRECTOR	0.00	Director	$0	$0	$0
JOSE BECEIRO	DIRECTOR	0.00	Director	$0	$0	$0
MIKE SEMMENS	DIRECTOR	0.00	Director	$0	$0	$0
LARRY PETERSON	KEY EMPLOYEE	1.00	Key Emp	$180,000	$0	$180,000

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	$251,442	$232,465	$19,742	$18,977
2023	$220,401	$220,094	$765	$307
2021	$257,647	$232,902	$30,742	$24,745
2018	$272,541	$227,565	$51,328	$44,976

TEXAS FOUNDATION FOR INNOVATIVE COMMUNITIES INC