FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION (EIN 454746777) - 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

2012

Legal Domicile

Principal Officer

ARDON MOORE

Phone

8177389215

Tax Period

2024-07-01 to 2025-06-30

FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $9.4M exceeded revenue, resulting in a 47% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE FORT WORTH ART ASSOCIATION, A SEC. 501(C)(3) ORGANIZATION. THE FOUNDATION IS RESPONSIBLE FOR THE ADMINISTRATION OF THE LONG TERM INVESTMENTS HELD FOR THE BENEFIT OF THE ASSOCIATION AND ITS AFFILIATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $260,676

Program Service Revenue $0

Investment Income $6,029,660

Other Revenue $75,776

TOTAL REVENUE $6,366,112

Expense Breakdown

Grants Paid $7,495,347

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,495,347

Other Expenses $1,885,561

TOTAL EXPENSES $9,380,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,366,112	$5,417,143	+0.2%
Expenses	$9,380,908	$7,601,610	+0.2%
Net Income	$-3,014,796	$-2,184,467	+0.4%

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
ARDON MOORE	PRESIDENT/TRUSTEE	0.50	Officer Director	$0	$0	$0
AMAR TANNA	VICE PRESIDENT/TRUSTEE	0.50	Officer Director	$0	$0	$0
RAFA GARZA	TREASURER/TRUSTEE	0.50	Officer 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
2025	$6,366,112	$9,380,908	$208,396,411	$-3,014,796
2024	$5,417,143	$7,601,610	$198,489,913	$-2,184,467
2023	$39,225,697	$8,188,108	$183,660,285	$31,037,589
2022	$7,608,926	$7,482,927	$143,463,699	$125,999
2021	$12,496,724	$7,963,587	$167,745,649	$4,533,137
2020	$3,275,741	$4,841,715	$133,409,939	$-1,565,974
2019	$6,920,340	$7,958,424	$132,096,628	$-1,038,084
2018	$14,632,133	$7,101,670	$128,902,002	$7,530,463

FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION