TEXAS MATCH THE PROMISE FOUNDATION (EIN 264582966) - 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

2009

Legal Domicile

Principal Officer

Glenn Hegar-Texas Comptroller-Pres

Phone

5124632072

Tax Period

2023-09-01 to 2024-08-31

TEXAS MATCH THE PROMISE FOUNDATION, founded in 2009, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2023. The organization ran a surplus of $134K, a strong 65% operating margin.

Mission

To award scholarships to eligible students with accounts in TX's 529 prepaid tuition plan for use in purchasing additional tuition units or accruing matching funds as allowed by state law. Students will have to meet eligibility requirements related to need and academic performance.

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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 $200,541

Program Service Revenue $0

Investment Income $4,856

Other Revenue $106

TOTAL REVENUE $205,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,310

Other Expenses $71,457

TOTAL EXPENSES $71,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,503	$200,084	+0.0%
Expenses	$71,457	$56,985	+0.3%
Net Income	$134,046	$143,099	-0.1%

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
Glenn Hegar	President-Texas Comptroller of Public Accounts	0.50	Officer Director	$0	$0	$0
Allison Mansfield	Secretary	2.00	Officer Director	$0	$0	$0
Don Baylor Jr	Director	0.10	Director	$0	$0	$0
Harrison Keller PhD	Director	0.10	Director	$0	$0	$0
Bruce Walker EdD	Director	0.10	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
2024	$205,503	$71,457	$2,145,439	$134,046
2023	$200,084	$56,985	$1,940,084	$143,099
2022	$298,389	$81,321	$1,740,149	$217,068
2021	$219,104	$77,463	$1,443,767	$141,641
2020	$202,982	$95,123	$1,224,690	$107,859

TEXAS MATCH THE PROMISE FOUNDATION