WEST TX FOUNDATION INC (EIN 462833227) - 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

DARRIN BANIK

Phone

2547331865

Tax Period

2018-01-01 to 2018-12-31

WEST TX FOUNDATION INC, founded in 2013, is a micro nonprofit in the Public Safety sector that reported $16 in total revenue in fiscal year 2018. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $87K exceeded revenue, resulting in a 540694% operating deficit.

Mission

TO CONTINUE TO FACILITATE THE LONG TERM COMMUNITY RECOVERY EFFORT FROM THE DEVASTATING EXPLOSION THAT OCCURRED IN WEST, TEXAS ON APRIL 17,2013 AND TO CONTINUE TO SERVE THE COMMUNITY OF WEST FOR THE BENEFIT OF FUTURE GENERATIONS BY REBUILDING, REPAIRING AND STRENGTHENING NEIGHBORHOODS, REPAIRING AND CULTIVATING THE HISTORIC DOWNTOWN, AND PRESERVING THE COMMUNITY AND CULTURE THAT IS UNIQUELY WEST. THIS NON-PROFIT COLLABORATES WITH CHARITABLE, FAITH-BASED AND CIVIC ORGANIZATIONS AS WELL AS LOCAL AND STATE GOVERNMENTS TO PROVIDE EDUCATION ABOUT AVAILABLE RESOURCES, SHARE INFORMATION TO SIMPLIFY THE ACCESS TO THOSE RESOURCES, ADDRESS THE LONG-TERM NEEDS OF INDIVIDUALS, BUSINESSES, THE COMMUNITY, THE CITY OF WEST, AND ORGANIZATIONS AFFECTED BY THE DISASTER.

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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 $0

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $16

Expense Breakdown

Grants Paid $81,848

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,311

Other Expenses $4,679

TOTAL EXPENSES $86,527

Year-over-Year Comparison

	2018	2017	Change
Revenue	$16	$115,315	-1.0%
Expenses	$86,527	$127,291	-0.3%
Net Income	$-86,511	$-11,976	+6.2%

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
RONNIE SYKORA	PRESIDENT	10.00	Officer Director	$0	$0	$0
DIANNE FRIEND	SECRETARY	10.00	Officer Director	$0	$0	$0
DARRIN BANIK	TREASURER	5.00	Officer Director	$0	$0	$0
JOEY KOLAR	DIRECTOR	5.00	Director	$0	$0	$0
LAURA LANKFORD	DIRECTOR	5.00	Director	$0	$0	$0
AL VANEK	DIRECTOR	5.00	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	$16	$86,527	$193,747	$-86,511

WEST TX FOUNDATION INC