EDUCATIONAL FOUNDATION OF THE TEXA… - 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

1989

Legal Domicile

Principal Officer

SCOTT JOSLOVE

Phone

5124742996

Tax Period

2023-01-01 to 2023-12-31

EDUCATIONAL FOUNDATION OF THE TEXAS HOTEL & LODGING ASSO, founded in 1989, is a small nonprofit in the Health Care sector that reported $283K in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $267K left a modest 6% surplus.

Mission

TO CONDUCT EDUCATIONAL ACTIVITIES AND TO MANAGE THE SCHOLARSHIP FUNDS.

Program Service Accomplishments

Program 1

Expenses: $211,142 Revenue: $156,273

CONDUCTED SEMINARS ON FRONT OFFICE, OSHA, HOTEL LAW, ETC. HUNDREDS OF HOSPITALITY PROFESSIONALS ATTENDED THE CONFERENCES AND SEMINARS.

Program 2

Expenses: $0 Revenue: $0

CONTRIBUTION TO THE AHLA EDUCATIONAL FOUNDATION FOR HOSPITALITY MANAGEMENT AND CONTINUING EDUCATION SCHOLARSHIPS.

Program 3

Expenses: $3,555 Revenue: $0

CONTRIBUTION TO SUPPORT THE TEXAS HOTEL & LODGING ASSOCIATION ENDOWMENT AT THE UNIVERSTIY OF HOUSTONS CONRAD N. HILTON COLLEGE OF HOTEL AND RESTAURANT MANANGEMENT.

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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 $103,071

Program Service Revenue $156,273

Investment Income $23,977

Other Revenue $0

TOTAL REVENUE $283,321

Expense Breakdown

Grants Paid $3,555

Salaries & Benefits $93,175

Fundraising Expenses $0

Program Expenses $214,697

Other Expenses $170,752

TOTAL EXPENSES $267,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,321	$148,617	+0.9%
Expenses	$267,482	$114,188	+1.3%
Net Income	$15,839	$34,429	-0.5%

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

$697,642

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT JOSLOVE	EXECUTIVE DIRECTOR	5.00	Officer	$28,960	$118,444	$697,642
PAUL SCHULTZ	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DARPAN BHAKTA	DIRECTOR	2.00	Director	$0	$0	$0
JOE BOLASH	DIRECTOR	2.00	Director	$0	$0	$0
ROSS BURTWELL	DIRECTOR	2.00	Director	$0	$0	$0
SUMIT J DALWADI	DIRECTOR	2.00	Director	$0	$0	$0
CETO DESAI	DIRECTOR	2.00	Director	$0	$0	$0
JULIE FAVER-DYLLA	DIRECTOR	2.00	Director	$0	$0	$0
HIREN GOVIND	DIRECTOR	2.00	Director	$0	$0	$0
VALYNDA HENINGTON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA HULTQUIST	DIRECTOR	2.00	Director	$0	$0	$0
ELIE KHOURY	DIRECTOR	2.00	Director	$0	$0	$0
JANARDAN LAXMIDAS	DIRECTOR	2.00	Director	$0	$0	$0
RAKESH PATEL	DIRECTOR	2.00	Director	$0	$0	$0
TEJAL PATEL	DIRECTOR	2.00	Director	$0	$0	$0
TUSHAR PATEL	DIRECTOR	2.00	Director	$0	$0	$0
DEAN DENNIS REYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
KIM WILLIAMS	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$283,321	$267,482	$763,244	$15,839
2022	$148,617	$114,188	$672,176	$34,429
2021	$37,752	$24,969	$762,625	$12,783
2020	$95,154	$93,433	$674,887	$1,721
2019	$183,931	$114,942	$613,361	$68,989
2018	$137,908	$121,016	$479,797	$16,892

EDUCATIONAL FOUNDATION OF THE TEXAS HOTEL & LODGING ASSO