Texas Educational Foundation Inc

EIN: 741501565 501(c)(3)

San Antonio, TX

Total Revenue
$386,993
Total Expenses
$8,141,529
Total Assets
$1,129,254
Net Assets
$1,129,254
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
TX
Principal Officer
Stephen E Davis
Phone
5123962275
Tax Period
2021-01-01 to 2021-12-31

Texas Educational Foundation Inc, founded in 1964, is a small nonprofit that reported $387K in total revenue in fiscal year 2021. Expenses of $8.1M exceeded revenue, resulting in a 2004% operating deficit.

Mission

Formerly, the operation of Job Corps Center providing educational training programs serving one center in Texas with an average of approximately 960 Job Corps trainees, under contract with the U.S. Department of Labor.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $386,993
Other Revenue $0
TOTAL REVENUE $386,993

Expense Breakdown

Grants Paid $7,705,000
Salaries & Benefits $297,515
Fundraising Expenses $0
Program Expenses $8,141,529
Other Expenses $139,014
TOTAL EXPENSES $8,141,529

Year-over-Year Comparison

2021 2020 Change
Revenue $386,993 $402,058 0.0%
Expenses $8,141,529 $619,524 +12.1%
Net Income $-7,754,536 $-217,466 +34.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
4
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
1
$136,384
Total Directors
3
$0
Key Employees
1
$136,384
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen E Davis Exec Dir 040.00
Officer Key Emp Highest
$136,384 $0 $136,384
E W Anderson Chair - Trustee 008.00
Director
$0 $0 $0
Jerome Weynand Secy-Trustee 002.00
Director
$0 $0 $0
Roy Barrera Sr V. Chair-Trustee 002.00
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
2021 $386,993 $8,141,529 $1,129,254 $-7,754,536
2020 $402,058 $619,524 $8,865,035 $-217,466
2019 $1,619,376 $1,988,858 $9,082,501 $-369,482
2018 $7,028,805 $2,248,862 $9,451,983 $4,779,943
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