TEXAS ACADEMY OF FAITH & ARTS (EIN 455446357) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

ERIK WILLIAMS

Phone

8179228232

Tax Period

2024-07-01 to 2025-06-30

TEXAS ACADEMY OF FAITH & ARTS, founded in 2012, is a small nonprofit in the Education sector that reported $863K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $808K left a modest 6% surplus.

Mission

TRAVIS ACADEMY OF FINE ARTS PARTNERS WITH FAMILIES TO PROVIDE INDIVIDUALS WITH THE HIGHEST QUALITY TRAINING AND EXPOSURE TO THE ARTS IN A FAMILY-ORIENTED, CHRIST-CENTERED ENVIRONMENT. TAFA SERVED 792 STUDENTS WITH 99 CLASSES (AND 144 PRIVATE LESSONS) IN THE ARTS AND 25 CORE CLASSES FOR STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,744

Program Service Revenue $804,724

Investment Income $9,612

Other Revenue $2,963

TOTAL REVENUE $863,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,641

Fundraising Expenses $0

Program Expenses $582,396

Other Expenses $334,415

TOTAL EXPENSES $808,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$863,043	$755,096	+0.1%
Expenses	$808,056	$748,249	+0.1%
Net Income	$54,987	$6,847	+7.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$109,840

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK WILLIAMS	DIRECTOR	40.00	Key Emp Highest	$109,840	$0	$109,840
JERRY PAYNE	PRESIDENT	2.00	Officer	$0	$0	$0
BEN FORBES	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ALBERT VELA	TREASURER	2.00	Officer	$0	$0	$0
RYNTHIA CLEMENTS	DIRECTOR	2.00	Officer	$0	$0	$0
KRIS GARRISON	DIRECTOR	2.00	Officer	$0	$0	$0
JUSTIN BOND	BOARD MEMBER	2.00	Officer	$0	$0	$0
JONA LOWE	DIRECTOR	2.00	Officer	$0	$0	$0
MARK SIMMONS	BOARD MEMBER	2.00	Officer	$0	$0	$0
JASON EVANS	DIRECTOR	2.00	Officer	$0	$0	$0
COURTNEY SMITH	SECRETARY	2.00	Officer	$0	$0	$0
STEPHANIE TROYER	DIRECTOR	2.00	Officer	$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	$863,043	$808,056	$679,798	$54,987
2024	No data	No data	No data	No data
2023	$634,288	$665,804	$523,643	$-31,516
2022	$521,575	$604,410	$526,070	$-82,835
2021	$425,393	$561,785	$660,435	$-136,392
2020	$776,069	$762,646	$731,300	$13,423
2019	$-1,306,312	$1,882,846	$622,296	$-3,189,158

TEXAS ACADEMY OF FAITH & ARTS