HORSESHOE BAY CULTURAL ENRICHMENT … - 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

2017

Legal Domicile

Principal Officer

MIKE MAINE

Phone

5056908484

Tax Period

2018-01-01 to 2018-12-31

HORSESHOE BAY CULTURAL ENRICHMENT SOCIETY INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $160K in total revenue in fiscal year 2018. Revenue surged 1497% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 76% operating margin.

Mission

TO BRING STIMULATING, WORLD CLASS ENTERTAINMENT, EDUCATION, PERFORMING ARTS, MUSIC, LECTURES, EXCURSIONS, AND MORE TO HORSESHOE BAY, TX AND SURROUNDING AREA RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $38,070 Revenue: $46,725

TO BRING STIMULATING, WORLD CLASS ENTERTAINMENT, EDUCATION, PERFORMING ARTS, MUSIC, LECTURES, EXCURSIONS, AND MORE TO HORSESHOE BAY, TX AND SURROUNDING AREA RESIDENTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $112,950

Program Service Revenue $46,725

Investment Income $56

Other Revenue $29

TOTAL REVENUE $159,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,070

Other Expenses $38,639

TOTAL EXPENSES $38,639

Year-over-Year Comparison

	2018	2017	Change
Revenue	$159,760	$10,003	+15.0%
Expenses	$38,639	$874	+43.2%
Net Income	$121,121	$9,129	+12.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MAINE	PRESIDENT	4.00	Director	$0	$0	$0
DICK NELSON	VICE-PRESIDE	4.00	Director	$0	$0	$0
CHRISTINE REED	DEVELOPMENT	4.00	Director	$0	$0	$0
JOHN BOROTA	MARKETING &	4.00	Director	$0	$0	$0
ANDY THURMAN	SECRETARY/TR	4.00	Director	$0	$0	$0
RICK PITTS	IT & MEDIA	4.00	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
2018	$159,760	$38,639	$130,250	$121,121

HORSESHOE BAY CULTURAL ENRICHMENT SOCIETY INC