TAC East Holdings Company No 1

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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

2015

Legal Domicile

Principal Officer

William S Norton

Phone

9032239841

Tax Period

2024-10-01 to 2025-09-30

TAC East Holdings Company No 1, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $280K, a strong 19% operating margin.

Mission

To act as a title holding company for TexAmericas Center, a political subdivision of the state of Texas, pursuant to the authority set forth in Section 3503.111 of the Special District Local Laws Code of the State of Texas.

Program Service Accomplishments

Program 1

Expenses: $1,197,002 Revenue: $1,476,789

Holding, managing, maintenance and improvement of real property transferred from TexAmericas Center.

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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 $0

Program Service Revenue $630,844

Investment Income $845,945

Other Revenue $0

TOTAL REVENUE $1,476,789

Expense Breakdown

Grants Paid $562,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,197,002

Other Expenses $634,502

TOTAL EXPENSES $1,197,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,476,789	$595,647	+1.5%
Expenses	$1,197,002	$1,772,981	-0.3%
Net Income	$279,787	$-1,177,334	-1.2%

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

$747,352

Total Directors

$298,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Scott Norton	President/CEO	2.00	Officer Director	$0	$45,304	$298,020
Jeffery Whitten	Vice President/COO	34.00		$0	$28,863	$223,129
Eric Voyles	Vice President	14.00	Officer	$0	$24,748	$218,214
Andrew Hill	Treasurer	8.00	Officer	$0	$17,519	$154,516
Marla Byrd	Secretary	8.00	Officer	$0	$2,451	$76,602
Gabe Tarr	Vice Chairman	1.00	Director	$0	$0	$0
Denis Washington	Chairman	1.00	Director	$0	$0	$0
Ben King	Board Secretary	1.00	Director	$0	$0	$0
Jimmy Howell	Board Member	1.00	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
2025	$1,476,789	$1,197,002	$6,942,037	$279,787
2024	$595,647	$1,772,981	$4,783,109	$-1,177,334
2023	$450,415	$291,064	$6,412,444	$159,351
2022	$250,224	$263,379	$6,844,666	$-13,155
2021	$2,099,056	$2,305,148	$4,113,003	$-206,092
2020	$407,758	$370,035	$1,573,646	$37,723