GALVESTON HISTORICAL FOUNDATION (EIN 741487824) - 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

1954

Legal Domicile

Principal Officer

CESAR HERNANDEZ

Phone

4097657834

Tax Period

2024-07-01 to 2025-06-30

GALVESTON HISTORICAL FOUNDATION, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $7.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

GALVESTON HISTORICAL FOUNDATION PRESERVES AND REVITALIZES THE ARCHITECTURAL AND MARITIME HERITAGE OF GALVESTON ISLAND

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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 $2,192,421

Program Service Revenue $855,066

Investment Income $-371,481

Other Revenue $3,224,240

TOTAL REVENUE $5,900,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,572,748

Fundraising Expenses $250,959

Program Expenses $5,713,085

Other Expenses $4,715,198

TOTAL EXPENSES $7,287,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,900,246	$6,553,958	-0.1%
Expenses	$7,287,946	$7,384,064	0.0%
Net Income	$-1,387,700	$-830,106	+0.7%

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

$182,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERI KINNEAR	DEVELOPMENT AND MEMBERSHIP	1.00	Director	$0	$0	$0
JAMES WOOLSEY	PAST PRESIDENT	1.00	Director	$0	$0	$0
MELANIE CONNOLLY	PRESERVATION OUTREACH	1.00	Director	$0	$0	$0
BAIN MCELDOWNEY	EVENTS	1.00	Director	$0	$0	$0
TIFFANY VAIANI	PUBLIC POLICY	1.00	Director	$0	$0	$0
ALICE GATSON	CULTURAL/HISTORIC SITES	1.00	Director	$0	$0	$0
JASON TIEMAN	ELISSA/SEAPORT	1.00	Director	$0	$0	$0
ALICIA CAHILL	PAST PRESIDENT	1.00	Director	$0	$0	$0
ANIA MANTOOTH	BUSINESS DEVELOPMENT	1.00	Director	$0	$0	$0
CESAR HERNANDEZ	PRESIDENT	1.00	Officer	$0	$0	$0
MELISSA HERNANDEZ	TREASURER	1.00	Officer	$0	$0	$0
CLAY ROGERS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JIM ANDREWS	IMMEDIATE PAST PRESIDENT	1.00	Officer	$0	$0	$0
WILMON JONES	CEO/SECRETARY	40.00	Officer	$170,000	$12,631	$182,631
TERRELL B HARRINGTON	CHIEF OF ADVANCEMENT AND P	40.00	Highest	$140,000	$8,830	$148,830
JANICE ALEXANDER	CHIEF OF MUSEUMS	40.00	Highest	$120,000	$11,230	$131,230

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	$5,900,246	$7,287,946	$32,973,056	$-1,387,700
2024	$6,553,958	$7,384,064	$31,454,104	$-830,106
2023	$6,472,573	$7,846,628	$31,635,613	$-1,374,055
2022	$7,231,722	$7,025,260	$31,964,060	$206,462
2021	$16,815,449	$4,320,348	$33,194,723	$12,495,101
2021	$17,372,024	$4,320,348	$33,751,298	$13,051,676
2020	$4,115,260	$4,783,864	$20,270,067	$-668,604
2019	$4,694,440	$5,119,512	$19,665,293	$-425,072
2018	$7,351,765	$6,144,914	$20,310,242	$1,206,851
2018	$7,351,765	$6,144,914	$20,310,242	$1,206,851

GALVESTON HISTORICAL FOUNDATION