FAMILY EDUCATORS ALLIANCE OF SOUTH… - 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

MICHAEL DAGERATH

Phone

2103424674

Tax Period

2023-07-01 to 2024-06-30

FAMILY EDUCATORS ALLIANCE OF SOUTH TEXAS, founded in 1989, is a small nonprofit that reported $163K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $213K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE PRIMARY PURPOSE OF FEAST IS THE SUPPORT OF HOME SCHOOLING FAMILIES, AND HOME SCHOOL SUPPORT GROUPS AND CO-OPS.

Program Service Accomplishments

Program 1

Expenses: $163,377 Revenue: $22,737

OPERATED A HOMESCHOOL RESOURCE CENTER WHICH PROVIDED INFORMATION ON COMPUTER SOFTWARE, BOOKS, DVDS, AUDIOS AND OTHER MATERIAL WHICH ENHANCED THE LEARNING OF CHILDREN SCHOOLED AT HOME. THE RESOURCE...

OPERATED A HOMESCHOOL RESOURCE CENTER WHICH PROVIDED INFORMATION ON COMPUTER SOFTWARE, BOOKS, DVDS, AUDIOS AND OTHER MATERIAL WHICH ENHANCED THE LEARNING OF CHILDREN SCHOOLED AT HOME. THE RESOURCE CENTER SPONSORED BOOK FAIRS, CAMPS, BASKETBALL, VOLLEYBALL, SOCCER, BASEBALL, FOOTBALL, TENNIS, CROSS-COUNTRY, TRACK AND FIELD, HOMESCHOOL ORIENTATION, WORKSHOPS, CONSULTATIONS AND OTHER EXTRA-CURRICULAR ACTIVITIES.

Program 2

Revenue: $400

EMAILED MONTHLY NEWSLETTER PROMOTING HOMESCHOOLING TO APPROXIMATELY 3,047 FAMILIES IN SOUTH TEXAS.

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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 $1,028

Program Service Revenue $23,137

Investment Income $137,390

Other Revenue $1,062

TOTAL REVENUE $162,617

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $104,703

Fundraising Expenses $0

Program Expenses $163,377

Other Expenses $106,115

TOTAL EXPENSES $213,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,617	$617,676	-0.7%
Expenses	$213,318	$655,994	-0.7%
Net Income	$-50,701	$-38,318	+0.3%

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

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
MICHAEL DAGERATH	PRESIDENT	5.00	Officer Director	$0	$0	$0
JENNIE DAGERATH	TREASURER	4.00	Officer Director	$0	$0	$0
JUSTIN HORSMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
BETHANY HORSMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
NATHAN MACIAS	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN MACIAS	BOARD MEMBER	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	$67,428	$100,223	$3,382,149	$-32,795
2024	$162,617	$213,318	$3,353,790	$-50,701
2023	$617,676	$655,994	$3,354,597	$-38,318
2022	$721,497	$669,407	$3,526,638	$52,090
2021	$455,371	$584,800	$3,706,028	$-129,429
2020	$409,357	$742,986	$3,530,894	$-333,629
2019	$3,419,373	$693,848	$3,863,002	$2,725,525
2018	$564,097	$582,618	$1,141,953	$-18,521

FAMILY EDUCATORS ALLIANCE OF SOUTH TEXAS