HISTORIC WACO FOUNDATION INC

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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

1967

Legal Domicile

Principal Officer

ERIK SWANSON

Phone

2547535166

Tax Period

2023-01-01 to 2023-12-31

HISTORIC WACO FOUNDATION INC, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $414K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $460K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO COLLECT, MAINTAIN, PRESERVE, PUBLISH AND INTERPRET THE HERITAGE AND HISTORY OF WACO, McLENNAN COUNTY, TEXAS

Program Service Accomplishments

Program 1

Expenses: $249,867 Revenue: $11,090

PRESERVATION OF HISTORIC HOMES WITHIN THE WACO AREA AND PROMOTING ECONOMIC GROWTH WITHIN THE COMMUNITY;SERVES APPROXIMATELY 60,000 PERSONS DURING THE YEAR.

Program 2

Expenses: $60,505

EDUCATION PROGRAMS REGARDING HISTORIES OF EVENTS, PLACES, AND ARTIFACTS OF THE COMMUNITY AND SURROUNDING AREA

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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 (2023)

Revenue Breakdown

Contributions & Grants $108,381

Program Service Revenue $36,757

Investment Income $113,092

Other Revenue $155,674

TOTAL REVENUE $413,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,188

Fundraising Expenses $26,096

Program Expenses $310,372

Other Expenses $242,958

TOTAL EXPENSES $460,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$413,904	$327,100	+0.3%
Expenses	$460,146	$345,792	+0.3%
Net Income	$-46,242	$-18,692	+1.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK SWANSON	Executive Direc	44.00	Director	$0	$0	$0
VIVIAN RUTHERFORD	Member	0.25	Director	$0	$0	$0
TOM BALK	Secretary	0.50	Director	$0	$0	$0
OSCAR CHOMBO	MEMBER	0.25	Director	$0	$0	$0
ED BOYD	Treasurer	0.50	Officer Director	$0	$0	$0
CLINT LYNCH	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
BEVIL COHN	MEMBER	4.00	Director	$0	$0	$0
JEFF PIRTLE	Member	0.25	Director	$0	$0	$0
BJ GREAVES	MEMBER	1.00	Director	$0	$0	$0
KANDANCE MENNING	MEMBER	1.00	Director	$0	$0	$0
RACHEL NADEAU-JOHNSON	Member	0.50	Director	$0	$0	$0
DONNA TEAL	Member	1.00	Director	$0	$0	$0
STEPHANIE SCHWAB	Vice President	0.25	Officer Director	$0	$0	$0
ED VALLEJO	Member	0.25	Director	$0	$0	$0
ERIC AMES	President	0.50	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
2024	No data	No data	No data	No data
2023	$413,904	$460,146	$2,691,125	$-46,242
2022	$327,100	$345,792	$2,737,409	$-18,692
2021	$447,180	$314,066	$2,740,809	$133,114
2020	$405,700	$348,297	$2,615,377	$57,403
2019	$754,043	$494,294	$2,613,618	$259,749
2018	$353,736	$377,510	$2,342,489	$-23,774