Austin, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RAISE Texas, founded in 2007, is a small nonprofit in the Human Services sector that reported $434K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $415K left a modest 4% surplus.
RAISE Texas advances equitable policies and programs that foster financial security and economic mobility for low- and moderate-income Texans. We equip, innovate and advocate to reduce disparities, remove barriers and build opportunities for Texans to be financially secure.
RAISE Texas strengthens the capacity of nonprofits, promotes access to safe financial services, and supports communities across the state by offering resources, professional development, training...
RAISE Texas strengthens the capacity of nonprofits, promotes access to safe financial services, and supports communities across the state by offering resources, professional development, training, and convenings to advance financial security and economic mobility. In 2023, we provided technical assistance to financial coaching programs, Children's Savings Account initiatives, and Volunteer Income Tax Assistance (VITA) to streamline operations, expand services, and improve access. We also delivered nine online training courses for the financial health and asset-building sector. Additionally, we hosted three in-person convenings: our 15th Anniversary Summit at the Federal Reserve Bank of Dallas, bringing together 193 community leaders from 113 organizations; the inaugural Texas VITA Conference, with 80 participants from 38 VITA programs sharing strategies for advancing VITA's essential work; and, a workshop for nonprofit staff on narrative change with Dr. Tiffany Manuel.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $434,313 | $375,441 | +0.2% |
| Expenses | $414,997 | $285,798 | +0.5% |
| Net Income | $19,316 | $89,643 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JoAnn DePenning | Chairman | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Levar Martin | Secretary | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Phyllis Young | Treasurer | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Ann Baddour | Director | 1 |
Director
|
$0 | $0 | $0 |
| Kseniya Benderskaya | Director | 1 |
Director
|
$0 | $0 | $0 |
| Zoraima Diaz-Pineda | Director | 1 |
Director
|
$0 | $0 | $0 |
| Yvonne Green | Director | 1 |
Director
|
$0 | $0 | $0 |
| Annika Little | Director | 1 |
Director
|
$0 | $0 | $0 |
| Sandra Martinez | Director | 1 |
Director
|
$0 | $0 | $0 |
| Yvette Ruiz | Director | 1 |
Director
|
$0 | $0 | $0 |
| Tina Tran | Director | 1 |
Director
|
$0 | $0 | $0 |
| Elizabeth Colvin | Executive Director | 40 |
Officer
|
$152,500 | $20,717 | $173,217 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $434,313 | $414,997 | $654,862 | $19,316 |
| 2022 | $375,441 | $285,798 | $635,798 | $89,643 |
| 2021 | $311,754 | $273,956 | $546,886 | $37,798 |
| 2020 | $201,031 | $199,516 | $514,877 | $1,515 |
| 2019 | $210,561 | $246,933 | $508,840 | $-36,372 |
| 2018 | $216,877 | $236,879 | $548,180 | $-20,002 |
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