HOUSTON GALVESTON INSTITUTE INC (EIN 742044953) - 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

CARRIE KOCH

Phone

7135268390

Tax Period

2023-01-01 to 2023-12-31

HOUSTON GALVESTON INSTITUTE INC, founded in 1978, is a community nonprofit in the Unknown sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

HOUSTON GALVESTON INSTITUTE AIMS TO TRANSFORM LIVES AND COMMUNITIES WITH INNOVATIVE AND COLLABORATIVE THERAPY, TRAINING AND RESEARCH.

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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 $21,238

Program Service Revenue $1,343,294

Investment Income $47,331

Other Revenue $0

TOTAL REVENUE $1,411,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,167,773

Fundraising Expenses $7,293

Program Expenses $1,491,946

Other Expenses $453,976

TOTAL EXPENSES $1,621,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,411,863	$1,113,374	+0.3%
Expenses	$1,621,749	$1,889,875	-0.1%
Net Income	$-209,886	$-776,501	-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

$103,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE KOCH	INTERIM EXE	40.00	Officer	$103,650	$0	$103,650
RICH MAHABIR	BOARD MEMBER	N/A	Director	$0	$0	$0
KATRINA SOWERBY MBD	TRESURER	N/A	Officer Director	$0	$0	$0
SHIROZ VIRANI OD	PRESIDENT	N/A	Officer Director	$0	$0	$0
HARLENE ANDERSON PHD	BOARD MEMBER	N/A	Director	$0	$0	$0
FERMIN RODRIGUEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
NADIA TAJALLI	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN ZEPEDA	BOARD MEMBER	N/A	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	$1,411,863	$1,621,749	$1,231,534	$-209,886
2022	$1,164,162	$1,889,875	$1,239,899	$-725,713
2022	$1,113,374	$1,889,875	$1,178,908	$-776,501
2021	$3,006,035	$1,865,135	$1,982,152	$1,140,900
2020	$1,397,750	$1,293,436	$605,120	$104,314
2019	$1,235,536	$1,057,803	$360,298	$177,733
2018	$824,742	$815,221	$375,104	$9,521

HOUSTON GALVESTON INSTITUTE INC