TEXAS RESEARCH AND TECHNOLOGY FOUNDATION (EIN 742311260) - 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

1984

Legal Domicile

Principal Officer

Rene Dominguez

Phone

2108668073

Tax Period

2023-01-01 to 2023-12-31

TEXAS RESEARCH AND TECHNOLOGY FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $15.0M in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.3M, a strong 68% operating margin.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIO-SCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION.

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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 $4,064,423

Program Service Revenue $584,197

Investment Income $8,244,674

Other Revenue $2,139,798

TOTAL REVENUE $15,033,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,061,298

Fundraising Expenses $0

Program Expenses $3,383,372

Other Expenses $2,712,362

TOTAL EXPENSES $4,773,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,033,092	$7,515,026	+1.0%
Expenses	$4,773,660	$6,336,370	-0.2%
Net Income	$10,259,432	$1,178,656	+7.7%

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

N/A

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

$1,663,840

Total Directors

$646,628

Key Employees

$212,958

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J Randolph Harig	CEO/Board Member	40.0	Officer Director	$610,906	$35,722	$646,628
rene i dominguez	coo	40.0	Officer	$333,158	$35,986	$369,144
Rick A Hernandez	CFO	40.0	Officer	$243,868	$26,943	$270,811
Jessica Harris	CAO	40.0	Officer	$224,588	$14,448	$239,036
Bradley A Wheeless	Executive Director	40.0	Key Emp	$212,000	$958	$212,958
Juan S Garzon Coronado	Executive Director	40.0	Highest	$122,669	$16,360	$139,029
david fonseca	CEO(VelocityTX) Jan - July	40.0	Officer	$125,640	$12,581	$138,221
christopher claus	Board Member	0.0	Director	$0	$0	$0
larry mills	Board Member	0.0	Director	$0	$0	$0
Joyce Pingel	Board Member	0.0	Director	$0	$0	$0
David Preston Woolfolk	Chairman	0.0	Director	$0	$0	$0
Cathy Starnes	Board Member	0.0	Director	$0	$0	$0
Darryl Byrd	Board Member, Secretary	0.0	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	$15,033,092	$4,773,660	$68,163,786	$10,259,432
2022	$7,515,026	$6,336,369	$59,424,466	$1,178,657
2021	$7,628,326	$4,588,641	$53,094,822	$3,039,685
2020	$18,690,276	$6,067,268	$45,618,455	$12,623,008
2019	$10,734,374	$12,894,226	$39,375,862	$-2,159,852
2018	$1,737,468	$4,095,542	$22,133,231	$-2,358,074

TEXAS RESEARCH AND TECHNOLOGY FOUNDATION