GLOBALTEXAS

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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

1960

Legal Domicile

Principal Officer

FULORI KIRIKITI

Phone

5122150140

Tax Period

2024-01-01 to 2024-12-31

GLOBALTEXAS, founded in 1960, is a small nonprofit in the International Affairs sector that reported $216K in total revenue in fiscal year 2024. Net assets of $642K represent 36 months of operating reserves.

Mission

INTERNATIONAL HOSPITALITY COUNCIL OF AUSTIN (THE "COUNCIL") WAS INCORPORATED ON JUNE 9, 1960, IN THE STATE OF TEXAS AND PROVIDES A BROAD ARRAY OF INTERCULTURAL SERVICES FOR INTERNATIONAL VISITORS TO CENTRAL TEXAS. THE COUNCIL IS STAFFED BY HIGHLY-MOTIVATED REPRESNETATIVE COMMUNITY LEADERS WHO SHARE A FIRM COMMITTMENT TO FOSTER INTERNATIOAL FELLOWSHIP AND GOODWILL. THE CONCIL INTERACTS HARMONIOUSLY WITH ALL LOCAL INSTITUTIONS, BOTH PUBLIC AND PRIVATE, THAT HAVE ESTABLISHED INTERNATIONAL LINKS.

Program Service Accomplishments

Program 1

Revenue: $16,690

PROVIDE HOSPITALITY AND SPECIAL PROGRAMMING TO FOREIGN VISITORS REFERRED BY VARIOUS AGENCIES THAT SPONSOR INTERNATIONAL GUESTS REFERRED PRIMARILY BY THE US STATE DEPARTMENT.

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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 $145,156

Program Service Revenue $16,690

Investment Income $54,610

Other Revenue $0

TOTAL REVENUE $216,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,951

Fundraising Expenses $20,801

Program Expenses $181,360

Other Expenses $76,197

TOTAL EXPENSES $236,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,456	$216,575	0.0%
Expenses	$236,527	$210,985	+0.1%
Net Income	$-20,071	$5,590	-4.6%

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

Volunteers

N/A

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

$66,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FULORI KIRIKITI	EXECUTIVE DI	40.00	Officer	$66,100	$0	$66,100
ISSAM SAM BAKIR	TRUSTEE	N/A	Director	$0	$0	$0
DAVID FIRESTEIN	TRUSTEE	N/A	Director	$0	$0	$0
ADITI JOSHI	TRUSTEE	N/A	Director	$0	$0	$0
KANNAN KALIYUR	TREAURER	N/A	Officer	$0	$0	$0
MOHAN KHARBANDA	CHAIRMAN	N/A	Officer	$0	$0	$0
MARGARET MOTEN	SECRETARY	N/A	Officer	$0	$0	$0
MICHAEL DODD	TRUSTEE	N/A	Director	$0	$0	$0
CHARLES FOSTER	TRUSTEE	N/A	Director	$0	$0	$0
GINGER VAUGHN	TRUSTEE	N/A	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	$216,456	$236,527	$641,721	$-20,071
2023	$216,575	$210,985	$665,982	$5,590
2022	$238,387	$188,262	$661,064	$50,125
2021	$236,443	$179,724	$610,171	$56,719
2020	$231,368	$162,030	$551,704	$69,338
2019	$198,303	$163,549	$483,308	$34,754
2018	$154,352	$140,002	$467,415	$14,350