ALAMO HEIGHTS UNITED METHODIST CHU… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

ROGER LIND

Phone

2108263215

Tax Period

2023-01-01 to 2023-12-31

ALAMO HEIGHTS UNITED METHODIST CHURCH FOUNDATION INC, founded in 1977, is a micro nonprofit that reported $46K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $405K exceeded revenue, resulting in a 790% operating deficit.

Mission

THE FOUNDATION WAS ORGANIZED TO RECEIVE ENDOWMENT GIFTS GIVEN IN SUPPORT OF ALAMO HEIGHTS UNITED METHODIST CHURCH (AHUMC), TO INVEST AND MANAGE THESE FUNDS, TO PROVIDE PERIODIC DISTRIBUTIONS TO AHUMC, AND TO ASSIST IN CARRYING OUT AHUMC'S MISSION.

Program Service Accomplishments

Program 1

Expenses: $402,250

THE FOUNDATION SERVES TO SUPPORT THE MINISTRIES OF ALAMO HEIGHTS UNITED TEMPORARILY OR PERMANENTLY RESTRICTED CONTRIBUTIONS TO AHUMC AND SERVES AS CUSTODIAN FOR THESE FUNDS. THE ALAMO HEIGHTS UNITED METHODIST CHURCH FOUNDATION (FOUNDATION) INVESTS THE FUNDS RECEIVED WITH THE TEXAS METHODIST FOUNDATION IN THEIR CHURCH LOAN FUND, AN INTEREST BEARING ACCOUNT, AND IN OTHER EQUITY SECURITIES. THE FOUNDATION PROVIDES ANNUAL DISTRIBUTIONS TO AHUMC FOR ITS OPERATING NEEDS.THROUGHOUT THE PANDEMIC, AND THE CHURCH'S RETURN TO NORMAL OPERATIONS, THE FOUNDATION PROVIDED MAXIMUM FINANCIAL SUPPORT WHILE CONTINUING TO PRUDENTLY MANAGE THE ENDOWMENT.

Program 2

Expenses: $3,016

THE FOUNDATION PROVIDES EDUCATION TO THE ALAMO HEIGHTS UNITED METHODIST CHURCH (AHUMC) CONGREGATION REGARDING PLANNED OR ENDOWMENT GIVING IN ADDITION TO ANNUAL REPORTING REGARDING THE FOUNDATION'S...

THE FOUNDATION PROVIDES EDUCATION TO THE ALAMO HEIGHTS UNITED METHODIST CHURCH (AHUMC) CONGREGATION REGARDING PLANNED OR ENDOWMENT GIVING IN ADDITION TO ANNUAL REPORTING REGARDING THE FOUNDATION'S ACTIVITIES. THE AHUMC CONGREGATION IS ALSO OFFERED EDUCATION REGARDING THE BENEFITS OF ESTATE PLANNING AND WILLS.

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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 $30,830

Program Service Revenue $0

Investment Income $14,680

Other Revenue $0

TOTAL REVENUE $45,510

Expense Breakdown

Grants Paid $402,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $405,266

Other Expenses $3,016

TOTAL EXPENSES $405,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,510	$153,657	-0.7%
Expenses	$405,266	$312,488	+0.3%
Net Income	$-359,756	$-158,831	+1.3%

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

$207,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL ARMSTRONG	MEMBER	1.00	Director	$0	$0	$0
ED BENSON	MEMBER	1.00	Director	$0	$0	$0
CLARENCE BRAY	MEMBER	1.00	Director	$0	$0	$0
PAUL DARR	MEMBER	1.00	Director	$0	$0	$0
ROSS EVANS	MEMBER	1.00	Director	$0	$0	$0
LAVONNE GARRISON	MEMBER	1.00	Director	$0	$0	$0
RICHARD MILLER	MEMBER	1.00	Director	$0	$0	$0
DAVID REED	MEMBER	1.00	Director	$0	$0	$0
TRACY VARDIMAN	MEMBER	1.00	Director	$0	$0	$0
ANN WALTON	MEMBER	1.00	Director	$0	$0	$0
DIANNE DORSETT	SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER LIND	PRESIDENT	1.00	Officer Director	$0	$0	$0
REV JASON ADAMS	SENIOR PASTOR	1.00	Officer	$0	$44,700	$144,371
VALERIE SLADE	EXECUTIVE DIRECTOR/TREASURER	1.00	Officer	$0	$4,500	$62,754

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	$45,510	$405,266	$6,049,878	$-359,756
2022	$153,657	$312,488	$5,371,376	$-158,831
2021	$19,206	$378,098	$6,491,590	$-358,892
2020	$22,639	$377,407	$6,319,240	$-354,768
2019	$24,557	$168,185	$5,834,362	$-143,628
2018	$32,758	$175,853	$5,172,711	$-143,095

ALAMO HEIGHTS UNITED METHODIST CHURCH FOUNDATION INC