CENTRAL TEXAS ANGEL NETWORK

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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

GARY FORNI

Phone

5125186054

Tax Period

2025-01-01 to 2025-12-31

CENTRAL TEXAS ANGEL NETWORK, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $403K in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE AND STIMULATE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS AND THE CENTRAL TEXAS REGION. THIS PURPOSE IS ACCOMPLISHED BY ASSISTING EARLY-STAGE COMPANIES IN THEIR EFFORTS TO START, FUND, AND GROW NEW BUSINESSES.

Program Service Accomplishments

Program 1

HOSTED MORE THAN 25 EVENTS AND MEETINGS ALL FOCUSED ON HELPING ACCREDITED INVESTORS AND ENTREPRENEURS BUILD SUCCESSFUL EARLY-STAGE COMPANIES PARTICIPATED IN SEVERAL COMMUNITY EDUCATION PANELS...

HOSTED MORE THAN 25 EVENTS AND MEETINGS ALL FOCUSED ON HELPING ACCREDITED INVESTORS AND ENTREPRENEURS BUILD SUCCESSFUL EARLY-STAGE COMPANIES PARTICIPATED IN SEVERAL COMMUNITY EDUCATION PANELS, MENTORING SESSIONS, AND OTHER SPEAKING ENGAGEMENTS IN WHICH WE TAUGHT ENTREPRENEURS ABOUT SEEKING CAPITAL AND WORKING WITH ANGEL INVESTORS.

Program 2

LED 4 INVESTOR EDUCATION EVENTS, INTRODUCING NEW MEMBERS TO INVESTING PRINCIPLES AND TEACHING MEMBER TOPICS RELEVANT TO EARLY-STAGE INVESTING.

Program 3

INCREASED OUR OUTREACH TO SUPPORT OUR BUSINESS COMMUNITY WORK THROUGH NEW AND EXPANDED COMMUNITY PARTNERSHIPS WITH ENTREPRENEUR SUPPORT ORGANIZATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $69,100

Program Service Revenue $329,015

Investment Income $5,129

Other Revenue $0

TOTAL REVENUE $403,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,274

Fundraising Expenses $0

Other Expenses $175,921

TOTAL EXPENSES $410,195

Year-over-Year Comparison

	2025	2024	Change
Revenue	$403,244	$306,410	+0.3%
Expenses	$410,195	$427,782	0.0%
Net Income	$-6,951	$-121,372	-0.9%

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

$141,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY FORNI	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
JOHN LINDGREN	TREASURER	5.00	Officer Director	$0	$0	$0
JAKE HAMPTON	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVE GINO	DIRECTOR	5.00	Director	$0	$0	$0
LANCE ADAMS	DIRECTOR	5.00	Director	$0	$0	$0
STEVE POLLINGER	DIRECTOR	5.00	Director	$0	$0	$0
ALISON DIXON	DIRECTOR	5.00	Director	$0	$0	$0
KATIE RUSSEL	EXECUTIVE DIRECTOR	40.00	Officer	$141,667	$0	$141,667

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
2025	$403,244	$410,195	$182,741	$-6,951
2024	$306,410	$427,782	$225,325	$-121,372
2023	$211,329	$249,113	$277,507	$-37,784
2021	$147,330	$86,704	$341,117	$60,626
2020	$233,138	$146,821	$273,580	$86,317
2018	$364,182	$289,647	$244,096	$74,535