Cullen Trust For Health Care (EIN 742001755) - 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

1978

Legal Domicile

Principal Officer

Cullen Geiselman

Phone

7136518860

Tax Period

2024-01-01 to 2024-12-31

Cullen Trust For Health Care, founded in 1978, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $6.8M exceeded revenue, resulting in a 30% operating deficit.

Mission

Support for health care institutions within Texas and primarily in the Greater Houston 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $5,242,370

Other Revenue $0

TOTAL REVENUE $5,242,370

Expense Breakdown

Grants Paid $6,072,000

Salaries & Benefits $78,202

Fundraising Expenses $0

Program Expenses $6,175,542

Other Expenses $658,980

TOTAL EXPENSES $6,809,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,242,370	$3,219,947	+0.6%
Expenses	$6,809,182	$6,079,541	+0.1%
Net Income	$-1,566,812	$-2,859,594	-0.5%

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

$73,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cullen Geiselman	Chair/Public Trustee	1.00	Officer Director	$0	$0	$0
William J Bill Campbell	Vice Chair/HC Trustee	1.00	Officer Director	$0	$0	$0
Nancy Gordon	Secretary/HC Trustee	1.00	Officer Director	$0	$0	$0
Brett Hogan	Public Trustee	1.00	Director	$0	$0	$0
Kathy McCord	Public Trustee	1.00	Director	$0	$0	$0
Wilhelmina B Traylor	Public Trustee	1.00	Director	$0	$0	$0
David M Underwood Jr	HC Trustee	1.00	Director	$0	$0	$0
Katherine Butterwick	Executive Director from 9/24	40.00	Officer	$59,423	$14,328	$73,751

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	$5,242,370	$6,809,182	$126,065,350	$-1,566,812
2023	$3,219,947	$6,079,541	$127,632,162	$-2,859,594
2022	$3,610,323	$5,955,853	$130,491,756	$-2,345,530
2021	$7,117,606	$5,661,873	$132,837,286	$1,455,733
2020	$3,442,546	$5,347,814	$131,381,553	$-1,905,268
2019	$5,678,518	$5,624,142	$133,286,821	$54,376
2018	$24,701,136	$5,085,566	$133,232,445	$19,615,570

Cullen Trust For Health Care