TEXAS PUBLIC BROADCASTING ASSOCIAT… - 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

1982

Legal Domicile

Principal Officer

NICO LEONE

Phone

5124134421

Tax Period

2023-10-01 to 2024-09-30

TEXAS PUBLIC BROADCASTING ASSOCIATION, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $563K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $619K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE TEXAS PUBLIC BROADCASTING ASSOCIATION WILL INCREASE PUBLIC AWARENESS, DEVELOP MECHANISMS FOR MEMBER COOPERATIVE EFFORTS, AND PROMOTE THE FUNDING AND GENERAL WELL-BEING OF PUBLIC BROADCASTING FOR THE BENEFIT OF THE PEOPLE OF TEXAS.

Program Service Accomplishments

Program 1

Expenses: $585,208

THE TEXAS PUBLIC BROADCASTING ASSOCIATION REPRESENTS THE 10 TEXAS PUBLIC TELEVISION STATIONS. THE ASSOCIATION CONDUCTS FUNDRAISING, STATEWIDE UNDERWRITING, AND PROVIDES RESOURCES FOR ALL MEMBER...

THE TEXAS PUBLIC BROADCASTING ASSOCIATION REPRESENTS THE 10 TEXAS PUBLIC TELEVISION STATIONS. THE ASSOCIATION CONDUCTS FUNDRAISING, STATEWIDE UNDERWRITING, AND PROVIDES RESOURCES FOR ALL MEMBER STATIONS TO ENSURE THE SUSTAINABILITY OF PUBLIC MEDIA THROUGHOUT TEXAS. THE ASSOCIATION ALSO WORKS WITH STATE AGENCIES AND OTHER STATEWIDE ORGANIZATIONS TO DEVELOP NEW PROGRAMMING, EDUCATION OUTREACH, AND COMMUNITY ENGAGEMENT. AS AN ADVOCATE AND PARTICIPANT IN SAID ACTIVITIES, THE ASSOCIATION FOSTERS AN ENVIRONMENT WHERE THE PUBLIC ISSUES ARE ILLUMINATED TO MASSES BY RELEVANT CONTENT AND PROGRAMMING. THE ASSOCIATION MANAGES THESE ACTIVITIES FOR THE STATIONS AND PROVIDES FINANCIAL AND PROJECT MANAGEMENT FOR JOINT PROJECTS.

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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 $562,964

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $562,964

Expense Breakdown

Grants Paid $295,248

Salaries & Benefits $0

Fundraising Expenses $4,788

Program Expenses $585,208

Other Expenses $324,212

TOTAL EXPENSES $619,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$562,964	$332,931	+0.7%
Expenses	$619,460	$431,567	+0.4%
Net Income	$-56,496	$-98,636	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICO LEONE	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
LUIS PATINO	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
PATRICK LOPEZ	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE GRIMES	SECRETARY	1.00	Officer Director	$0	$0	$0
KELLY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE CLAUDE	DIRECTOR	1.00	Director	$0	$0	$0
DON DUNLAP	DIRECTOR	1.00	Director	$0	$0	$0
ALISAN SWEET	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WOLF	DIRECTOR	1.00	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	$562,964	$619,460	$370,315	$-56,496
2023	$332,931	$431,567	$415,371	$-98,636
2022	$267,877	$394,918	$551,577	$-127,041
2021	$350,534	$326,205	$626,216	$24,329
2020	$222,769	$367,968	$573,506	$-145,199
2019	$419,690	$388,375	$766,790	$31,315
2018	$1,338,270	$1,094,315	$607,857	$243,955

TEXAS PUBLIC BROADCASTING ASSOCIATION