TEXANS FOR THE ARTS FOUNDATION

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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

2003

Legal Domicile

Principal Officer

ANN GRAHAM

Phone

5129148096

Tax Period

2019-11-01 to 2020-10-31

TEXANS FOR THE ARTS FOUNDATION, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $226K in total revenue in fiscal year 2019. The organization ran a surplus of $150K, a strong 66% operating margin.

Mission

EDUCATE AND SUPPORT ARTS ORGANIZATIONS ACROSS THE STATE OF TEXAS

Program Service Accomplishments

Program 1

Expenses: $58,890

COMPLETION AND LAUNCH OF THE MUNICIPAL HOTEL OCCUPANCY TAX TOOLKIT - WWW.HOTTOOLKIT.COM - AS AN ONLINE RESOURCE TO DEMYSTIFY THE STATE OF TEXAS' MUNICIPAL HOTEL OCCUPANCY TAX AND ITS RELATIONSHIP TO FUNDING FOR THE ARTS ACROSS THE STATE. IN ADDITION TO THE CREATION OF THE ONLINE TOOLKIT, TFAF PRESENTED A WEBINAR, AND HAS TAKEN THE PROJECT ON THE VIRTUAL ROAD THROUGH REGIONAL MEETINGS, NEWSLETTERS, SOCIAL MEDIA AND MORE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $224,729

Program Service Revenue $0

Investment Income $0

Other Revenue $1,099

TOTAL REVENUE $225,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,890

Other Expenses $76,174

TOTAL EXPENSES $76,174

Year-over-Year Comparison

	2019	2018	Change
Revenue	$225,828	$228,078	0.0%
Expenses	$76,174	$184,167	-0.6%
Net Income	$149,654	$43,911	+2.4%

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

Total Directors

$28,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN GRAHAM	Executive Dir.	5.00	Director	$28,000	$0	$28,000
LYNN BARNETT	Director	1.00	Officer Director	$0	$0	$0
CATHY NEECE BROWN	Secretary	3.00	Officer Director	$0	$0	$0
BRANDON LAMB	Treasurer	3.00	Officer Director	$0	$0	$0
JIM RITTS	Vice President	3.00	Officer Director	$0	$0	$0
COOKIE RUIZ	President	5.00	Officer 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
2020	$225,828	$76,174	$202,729	$149,654