COASTAL BEND COMMUNITY FOUNDATION

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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

1980

Legal Domicile

Principal Officer

KAREN W SELIM

Phone

3618829745

Tax Period

2023-01-01 to 2023-12-31

COASTAL BEND COMMUNITY FOUNDATION, founded in 1980, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $18.5M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 38% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS THROUGH CHARITABLE AND EDUCATIONAL GRANTS.

Program Service Accomplishments

Program 1

Expenses: $6,088,420

THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS TO IMPROVE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS FROM UNRESTRICTED, FIELD-OF-INTEREST, DESIGNATED, SPECIAL PROJECT AND DONOR...

THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS TO IMPROVE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS FROM UNRESTRICTED, FIELD-OF-INTEREST, DESIGNATED, SPECIAL PROJECT AND DONOR ADVISED FUNDS.

Program 2

Expenses: $681,826

THE FOUNDATION PROVIDES SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS IN ACCORDANCE WITH THE TERMS OF THE APPROXIMATE 100 SCHOLARSHIP AND FELLOWSHIP FUNDS.

Program 3

Expenses: $3,914,827

ON NOVEMBER 14, 2023 THE FOUNDATION HAD A ONE 24 HOUR PERIOD OF ONLINE GIVING OF DONATIONS CALLED THE "COASTAL BEND DAY OF GIVING", WHERE DONORS MATCHED THE FIRST 1.4 MILLION COLLECTED FOR 62...

ON NOVEMBER 14, 2023 THE FOUNDATION HAD A ONE 24 HOUR PERIOD OF ONLINE GIVING OF DONATIONS CALLED THE "COASTAL BEND DAY OF GIVING", WHERE DONORS MATCHED THE FIRST 1.4 MILLION COLLECTED FOR 62 NONPROFITS IN THE COASTAL BEND SERVICE AREA. THE TOTAL AMOUNT GRANTED TO THE 62 NONPROFITS WAS 3,869,951 WHICH PROVIDED ASSISTANCE TO OVER 172,206 COASTAL BEND RESIDENTS.

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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 $12,427,793

Program Service Revenue $0

Investment Income $3,749,121

Other Revenue $2,306,430

TOTAL REVENUE $18,483,344

Expense Breakdown

Grants Paid $8,722,527

Salaries & Benefits $755,692

Fundraising Expenses $203,767

Program Expenses $10,685,073

Other Expenses $1,941,422

TOTAL EXPENSES $11,419,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,483,344	$13,893,465	+0.3%
Expenses	$11,419,641	$10,905,468	+0.0%
Net Income	$7,063,703	$2,987,997	+1.4%

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

$455,949

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN O'CONNOR URBAN	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINA MICHELLE UNDA	VICE CHAIR/G	1.00	Officer Director	$0	$0	$0
KIRKBY TOWNSEND	TREASURER/FI	1.00	Officer Director	$0	$0	$0
PAULA DEAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KRYSTAL THOMASSON	ASST SECRETA	1.00	Officer Director	$0	$0	$0
JENNIFER VOGT	PAST CHAIR/N	1.00	Officer Director	$0	$0	$0
PAMELA BROWER	AUDIT CHAIR	1.00	Director	$0	$0	$0
RICHARD SCANIO	INVESTMENT C	1.00	Director	$0	$0	$0
SARAH FISHER	SCHOLARSHIPS	1.00	Director	$0	$0	$0
KEN GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
AL JONES	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LESHIN	DIRECTOR	1.00	Director	$0	$0	$0
HON JOHN MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOE MCCOMB	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA KELLAR	DIRECTOR	1.00	Director	$0	$0	$0
BETTY STILES	DIRECTOR	1.00	Director	$0	$0	$0
LAURA FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
HON KARIN KNOLLE	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WOMACK	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE ADUDDELL	DIRECTOR	1.00	Director	$0	$0	$0
NAN LINNEY	DIRECTOR	1.00	Director	$0	$0	$0
WES HOSKINS	DIRECTOR	1.00	Director	$0	$0	$0
IRENE IREY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA EISENHAUER	DIRECTOR	1.00	Director	$0	$0	$0
MAJOR JAMES CLEMENT III	DIRECTOR	1.00	Director	$0	$0	$0
DR OSBERT BLOW	DIRECTOR	1.00	Director	$0	$0	$0
KAREN W SELIM	PRESIDENT AN	40.00	Officer	$210,000	$23,371	$233,371
TRACY RAMIREZ	DIRECTOR OF	40.00	Officer	$88,500	$7,142	$95,642
ALYSSA MONETTE	DIRECTOR OF	40.00	Officer	$111,000	$15,936	$126,936

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	$18,483,344	$11,419,641	$138,723,755	$7,063,703
2022	$13,893,465	$10,905,468	$119,021,065	$2,987,997
2021	$22,215,260	$9,823,179	$128,572,059	$12,392,081
2020	$10,804,915	$10,980,135	$108,771,206	$-175,220
2019	$14,369,808	$11,862,434	$101,512,491	$2,507,374
2018	$11,299,279	$12,384,387	$77,198,806	$-1,085,108