TAC East Holdings Company No 1 (EIN 474590611) - 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

2015

Legal Domicile

Principal Officer

William S Norton

Phone

9032239841

Tax Period

2023-10-01 to 2024-09-30

TAC East Holdings Company No 1, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $596K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 198% operating deficit.

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.

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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 $595,322

Investment Income $325

Other Revenue $0

TOTAL REVENUE $595,647

Expense Breakdown

Grants Paid $1,171,972

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,760,526

Other Expenses $601,009

TOTAL EXPENSES $1,772,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,647	$450,415	+0.3%
Expenses	$1,772,981	$291,064	+5.1%
Net Income	$-1,177,334	$159,351	-8.4%

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

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

$698,464

Total Directors

$358,121

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	$51,828	$358,121
Jeffery Whitten	Vice President/COO	34.00		$0	$23,982	$212,301
Eric Voyles	Vice President	14.00	Officer	$0	$22,728	$206,247
Marla Byrd	Secretary	8.00	Officer	$0	$2,996	$73,950
Andrew Hill	Treasurer	8.00	Officer	$0	$2,542	$60,146
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	Director	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
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

TAC East Holdings Company No 1