Foundation for a Globally Competitive Texas (EIN 205645189) - 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

Justin Yancy

Phone

5124810525

Tax Period

2023-01-01 to 2023-12-31

Foundation for a Globally Competitive Texas, founded in 2006, is a small nonprofit in the Education sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $240K exceeded revenue, resulting in a 17% operating deficit.

Mission

The Foundation advises state and national policy makers on issues critical to Texas' economic growth.

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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 (2023)

Revenue Breakdown

Contributions & Grants $208,536

Program Service Revenue $0

Investment Income $0

Other Revenue $-3,155

TOTAL REVENUE $205,381

Expense Breakdown

Grants Paid $23,016

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $223,597

Other Expenses $216,649

TOTAL EXPENSES $239,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,381	$118,250	+0.7%
Expenses	$239,665	$147,407	+0.6%
Net Income	$-34,284	$-29,157	+0.2%

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

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

$275,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nick Serafy	Chairman	1.00	Officer Director	$0	$0	$0
Colleen McHugh	Treasurer	1.00	Officer Director	$0	$0	$0
Kyndel Bennett	Director	1.00	Director	$0	$0	$0
Gay Gaddis	Director	1.00	Director	$0	$0	$0
Reba Cardenas McNair	Director	1.00	Director	$0	$0	$0
Tym Tombar	Director	1.00	Director	$0	$0	$0
Justin Yancy	Executive Dir/Secretary	1.00	Officer	$0	$0	$275,008

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	$205,381	$239,665	$55,510	$-34,284
2021	$294,946	$218,675	$118,951	$76,271

Foundation for a Globally Competitive Texas