TEXARKANA SPECIAL EDUCATION CENTER

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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

1966

Legal Domicile

Phone

9037912270

Tax Period

2024-07-01 to 2025-06-30

TEXARKANA SPECIAL EDUCATION CENTER, founded in 1966, is a community nonprofit in the Human Services sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 20% operating margin.

Mission

THE BOARD OF DIRECTORS IS DEDICATED TO MEETING THE NEEDS AND RESPECTING THE RIGHTS OF THE INDIVIDUAL SERVED. THEY ARE RESPONSIBLE FOR STRENGTHENING, IMPROVING, AND EXPANDING DEVELOPMENTAL AND SUPPORT SERVICES TO SERVE INDIVIDUALS IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,772,419 Revenue: $2,201,659

SPECIAL EDUCATION - PROVIDES SPECIAL EDUCATION AND EARLY INTERVENTION SERVICES TO CHILDREN WHO HAVE DEVELOPMENTAL DELAYS AND/OR DISABILITIES.

Program 2

Expenses: $1,196,068 Revenue: $1,236,074

RESIDENTIAL SERVICES - PROVIDES HOUSING AND SUPPORT SERVICES FOR QUALIFYING ELDERLY AND ADULTS WITH DEVELOPMENTAL DISABILITIES

Program 3

Expenses: $889,135 Revenue: $503,087

ADULT SERVICES - DAY PROGRAM FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. THIS PROGRAM OFFERS CAREER DEVELOPMENT AND JOB COACHING, LIFE SKILLS TRAINING, AND CONTINUED LEARNING...

ADULT SERVICES - DAY PROGRAM FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. THIS PROGRAM OFFERS CAREER DEVELOPMENT AND JOB COACHING, LIFE SKILLS TRAINING, AND CONTINUED LEARNING OPPORTUNITIES.

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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 $865,209

Program Service Revenue $3,940,820

Investment Income $909,993

Other Revenue $142,518

TOTAL REVENUE $5,858,540

Expense Breakdown

Grants Paid $21,268

Salaries & Benefits $2,384,018

Fundraising Expenses $272,752

Program Expenses $3,857,622

Other Expenses $2,280,283

TOTAL EXPENSES $4,685,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,858,540	$4,547,378	+0.3%
Expenses	$4,685,569	$5,109,193	-0.1%
Net Income	$1,172,971	$-561,815	-3.1%

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

122

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

$342,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandon Washington	Vice President	1.0	Officer Director	$0	$0	$0
Martha Norton	President	1.0	Officer Director	$0	$0	$0
Mindy Williams	Secretary	1.0	Officer Director	$0	$0	$0
Sonja Hubbard	Treasurer	1.0	Officer Director	$0	$0	$0
Ben Gaddis	Board Member	1.0	Director	$0	$0	$0
Danielle Patterson	Board Member	1.0	Director	$0	$0	$0
Dennis Huffman	Board Member	1.0	Director	$0	$0	$0
George Matteson	Board Member	1.0	Director	$0	$0	$0
Joe Nichols	Board Member	1.0	Director	$0	$0	$0
Judy Morgan	Board Member	1.0	Director	$0	$0	$0
Lisa Thompson	Board Member	1.0	Director	$0	$0	$0
Margaret Mobley	Board Member	1.0	Director	$0	$0	$0
Maurice Orr	Board Member	1.0	Director	$0	$0	$0
Megan Schroeder	Past President	1.0	Director	$0	$0	$0
Yuliana Gonzalez	Board Member	1.0	Director	$0	$0	$0
Brad Bailey	CEO	40.0	Officer	$70,760	$0	$70,760
Corie Woodman	Chief Development OFFICER	40.0	Officer	$67,223	$0	$67,223
Kathaleen Sanders	CFO	40.0	Officer	$84,912	$0	$84,912
LaJuana Mitchell	HR Director	40.0	Officer	$56,513	$0	$56,513
Linda Young	Chief Residential OFFICER	40.0	Officer	$63,412	$0	$63,412

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	$5,858,540	$4,685,569	$12,004,941	$1,172,971
2024	$4,547,378	$5,109,193	$10,728,512	$-561,815
2023	$5,851,068	$5,776,508	$11,212,063	$74,560
2022	$6,541,451	$5,731,332	$8,276,370	$810,119
2021	$6,136,166	$5,138,902	$8,205,131	$997,264
2020	$5,424,198	$5,689,530	$7,333,102	$-265,332
2019	$5,628,036	$6,074,224	$6,745,506	$-446,188
2018	$5,795,162	$6,164,070	$7,181,471	$-368,908