BLUEBONNET GARDENS (EIN 421602964) - 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

1999

Legal Domicile

Principal Officer

GARY ALLSUP

Phone

3618893349

Tax Period

2023-10-01 to 2024-09-30

BLUEBONNET GARDENS, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 13% surplus.

Mission

TO PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME FAMILIES IN CORPUS CHRISTI, TEXAS.

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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 $0

Program Service Revenue $2,695,845

Investment Income $199,150

Other Revenue $47,729

TOTAL REVENUE $2,942,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,706

Fundraising Expenses $0

Program Expenses $10,011

Other Expenses $2,179,494

TOTAL EXPENSES $2,574,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,942,724	$2,809,376	+0.0%
Expenses	$2,574,200	$2,813,769	-0.1%
Net Income	$368,524	$-4,393	-84.9%

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

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

$314,039

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY MEHNE	CHAIRPERSON	1.00	Director	$0	$0	$0
CURTIS CLARK	VICE - CHAIRPERSON	1.00	Director	$0	$0	$0
RICHARD BALLI	RESIDENT COMMISSIONER	1.00	Director	$0	$0	$0
DR BRIAN TIETJE	COMMISSIONER	1.00	Director	$0	$0	$0
CHRISTINE BELIN	COMMISSIONER	1.00	Director	$0	$0	$0
GARY ALLSUP	PRESIDENT & CEO	2.00	Officer	$0	$0	$314,039

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	$2,942,724	$2,574,200	$2,545,175	$368,524
2023	$2,809,376	$2,813,769	$1,933,571	$-4,393
2022	$1,904,903	$1,458,352	$1,955,965	$446,551
2021	$886,342	$1,603,053	$353,751	$-716,711
2020	$108,510	$149,449	$952,297	$-40,939
2019	$14,670	$7,435	$878,292	$7,235
2018	No data	$207,812	$870,280	No data

BLUEBONNET GARDENS