TCS Education - Texas Inc (EIN 364769956) - 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

2013

Legal Domicile

Principal Officer

Michael Horowitz

Phone

3123791699

Tax Period

2023-06-01 to 2024-05-31

TCS Education - Texas Inc, founded in 2013, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $7.8M exceeded revenue, resulting in a 21% operating deficit.

Mission

The Chicago School educates the next generation of change-makers in innovative theory and culturally competent practice to strengthen the integrated health of individuals, organizations, and communities.

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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 $38,862

Program Service Revenue $5,892,882

Investment Income $564,646

Other Revenue $0

TOTAL REVENUE $6,496,390

Expense Breakdown

Grants Paid $158,633

Salaries & Benefits $3,001,054

Fundraising Expenses $22,858

Program Expenses $4,933,117

Other Expenses $4,685,364

TOTAL EXPENSES $7,845,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,496,390	$7,034,068	-0.1%
Expenses	$7,845,051	$10,201,204	-0.2%
Net Income	$-1,348,661	$-3,167,136	-0.6%

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

112

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

$3,819,372

Total Directors

$2,549,665

Key Employees

$231,431

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Horowitz	Corporate President/Trustee	2.00	Officer Director	$0	$138,161	$1,595,488
Michele Nealon	Institution President/Trustee	2.00	Officer Director	$0	$78,552	$954,177
Victoria Dolan	Trustee	2.00	Director	$0	$0	$0
Marie Hansen	Trustee	2.00	Director	$0	$0	$0
Manika Turnbull	Trustee	2.00	Director	$0	$0	$0
Terence Layng	Chair	2.00	Director	$0	$0	$0
Shari Mikos	Corporate Secretary	2.00	Officer	$0	$25,026	$309,795
Greg Beno	Asst. Corp. Treasurer	2.00	Officer	$0	$17,958	$268,306
Jennifer Gantz	Corporate Treasurer	2.00	Officer	$0	$23,668	$369,167
Donnell Bell	Assistant Secretary (until 05/24)	2.00	Officer	$0	$25,201	$215,730
Sara Sotelo	Assistant Secretary	2.00	Officer	$0	$18,923	$106,709
Lance Garrison	Campus Dean	40.00	Key Emp	$206,118	$25,313	$231,431
Tonya McGee	Dean, Nursing	40.00	Highest	$162,777	$25,076	$187,853
Teresa Collins-Jones	Department Chair	40.00	Highest	$128,199	$26,513	$154,712
Catherine Oleksiw	Department Chair	40.00	Highest	$127,556	$11,058	$138,614
Margaret Smith	Department Chair	40.00	Highest	$124,997	$15,668	$140,665
Chris Leonhard	Dept Faculty	40.00	Highest	$130,685	$273	$130,958
Deborah Solmor	Former Corporate Secretary	2.00		$0	$16,160	$590,466

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
2024	$6,496,390	$7,845,051	$472,911	$-1,348,661
2023	$7,034,068	$10,201,204	$4,041,788	$-3,167,136
2022	$6,478,064	$9,972,005	$4,390,066	$-3,493,941
2021	$5,777,736	$7,826,053	$1,148,108	$-2,048,317
2020	$3,912,313	$4,527,228	$1,433,453	$-614,915
2019	$4,024,915	$4,840,463	$1,045,545	$-815,548
2018	$4,138,914	$6,068,874	$852,645	$-1,929,960

TCS Education - Texas Inc