The W Oscar Neuhaus Memorial Foundation

EIN: 742128239 501(c)(3)

Bellaire, TX

Total Revenue
$5,989,577
Total Expenses
$7,842,926
Total Assets
$12,254,489
Net Assets
$11,258,687
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
TX
Principal Officer
Tracy Weeden
Phone
7136647676
Tax Period
2023-01-01 to 2023-12-31

The W Oscar Neuhaus Memorial Foundation, founded in 1980, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $7.8M exceeded revenue, resulting in a 31% operating deficit.

Mission

The W. Oscar Neuhaus Memorial Foundation ("Neuhaus") is a 501(c)(3) non-profit educational foundation dedicated to promoting reading success for all. Neuhaus provides evidence-based training and support to educators and district leaders, supplies information and resources to families, and offers direct services to adult learners. Its services are offered in a variety of ways, including mentoring, individual instruction, online programming, and on-site courses.

Program Service Accomplishments

Program 1
Expenses: $5,526,157 Revenue: $3,384,567

Neuhaus Education Center has been a trailblazer in solutions for overcoming obstacles to literacy, including dyslexia, and today it is a nationally recognized leader in the implementation of the...

Read more

Neuhaus Education Center has been a trailblazer in solutions for overcoming obstacles to literacy, including dyslexia, and today it is a nationally recognized leader in the implementation of the Science of Reading, applying research-based methods that help all students achieve skilled reading and literacy goals. This commitment to providing the most up-to-date, scientifically researched methods is what makes Neuhaus unique in its field and ensures that teachers and students are offered the most effective programs available.The Teacher Professional Development program consists of over 30 classes to address a variety of learners. During 2023 and 2022, respectively, 3,118 and 3,617 teachers were trained by Neuhaus instructors, representing 5,978 and 5,896 class enrollments during 2023 and 2022, respectively. Neuhaus' Family Support Office receives contacts from parents and family members concerned about dyslexia and reading difficulties in their children. We at Neuhaus know that home is where literacy takes root, and we provide families with resources and referral services. During 2023, the Family Support program has helped more than 6,000 families, earning their trust by listening intently to their concerns. Neuhaus hosts monthly information sessions on reading difficulties (especially dyslexia), Texas dyslexia legislation, forums for college-bound students, as well as library resources at no cost to families.During 2023 and 2022, respectively, 107 and 72 adult learners received critical literacy instruction to help achieve their personal literacy goals. Neuhaus Education Center is the only Adult Literacy program in Houston where classes are taught by Certified Academic Language Therapists, equivalent to a dyslexia therapist, to help students reach their skilled reading goals. Neuhaus incorporates age-appropriate materials and real-world sources, such as newspapers and magazines, for a practical learning experience, and groups participants by reading level which also promotes community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,150,104
Program Service Revenue $3,384,567
Investment Income $523,442
Other Revenue $-68,536
TOTAL REVENUE $5,989,577

Expense Breakdown

Grants Paid $43,920
Salaries & Benefits $5,562,051
Fundraising Expenses $681,989
Program Expenses $5,526,157
Other Expenses $2,236,955
TOTAL EXPENSES $7,842,926

Year-over-Year Comparison

2023 2022 Change
Revenue $5,989,577 $7,141,311 -0.2%
Expenses $7,842,926 $8,013,814 0.0%
Net Income $-1,853,349 $-872,503 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
19
Independent Members
19
Employees
109
Volunteers
139

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
10
$774,011
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Palmquist Chair 10.00
Officer Director
$0 $0 $0
Jamie Grissom Vice-Chair 2.00
Officer Director
$0 $0 $0
Amy Thompson Vice-Chair 2.00
Officer Director
$0 $0 $0
Loretta Cross Treasurer 2.00
Officer Director
$0 $0 $0
Leanne Brooks Scott Secretary 2.00
Officer Director
$0 $0 $0
Holly Anderson Trustee 2.00
Director
$0 $0 $0
Ben Andrews Trustee 2.00
Director
$0 $0 $0
Amos C Benning Trustee 2.00
Director
$0 $0 $0
Scott Butler Trustee 2.00
Director
$0 $0 $0
Stacy Bynes Trustee 2.00
Director
$0 $0 $0
Edward B Crain Trustee 2.00
Director
$0 $0 $0
George Edwards Trustee 2.00
Director
$0 $0 $0
Jennifer W Hazelton Trustee 2.00
Director
$0 $0 $0
Jennifer Jeffery Trustee 2.00
Director
$0 $0 $0
Katherine Kardesch Trustee 2.00
Director
$0 $0 $0
Jack Lyons Trustee 2.00
Director
$0 $0 $0
Suzanne McCarthy Trustee 2.00
Director
$0 $0 $0
Edward K Neuhaus Trustee 2.00
Director
$0 $0 $0
William Neuhaus Trustee 2.00
Director
$0 $0 $0
Linda Nunnery Trustee 2.00
Director
$0 $0 $0
Kristen O Stubbs Trustee 2.00
Director
$0 $0 $0
Tracy Weeden President & CEO 40.00
Officer
$261,667 $31,874 $293,541
Rayanne Darensbourg Chief Operating Officer (thru 1/20) 40.00
Officer
$19,482 $2,296 $21,778
Sai Pathi Chief Financial Officer (from 3/1) 40.00
Officer
$138,805 $10,244 $149,049
Bronwyn Walker Chief Strategy Officer (thru 9/22) 40.00
Officer
$123,578 $17,527 $141,105
Mary Allison Peck Chief Academic Officer 40.00
Officer
$146,280 $22,258 $168,538
Mary Catherine Scott VP Curric. & Instructional Design 40.00
Highest
$121,794 $7,439 $129,233
Katherine Wisian VP of Advancement 40.00
Highest
$109,425 $18,041 $127,466
Samuel McCollum AVP Strategic Partnerships 40.00
Highest
$109,381 $13,217 $122,598
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 $5,989,577 $7,842,926 $12,254,489 $-1,853,349
2022 $7,141,311 $8,013,814 $12,909,119 $-872,503
2021 $9,052,497 $6,877,539 $15,606,652 $2,174,958
2020 $6,512,137 $5,639,128 $13,210,928 $873,009
2019 $6,479,411 $6,237,894 $11,266,587 $241,517
2018 $6,147,647 $6,109,236 $9,405,833 $38,411
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare The W Oscar Neuhaus Memorial Foundation with other nonprofits in Texas and across the country.