THE TEXAS DEMOCRACY FOUNDATION (EIN 742619883) - 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

1991

Legal Domicile

Principal Officer

ELIZABETH BURR

Phone

5124770746

Tax Period

2023-01-01 to 2023-12-31

THE TEXAS DEMOCRACY FOUNDATION, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO FOSTER,PROMOTE AND ENCOURAGE THE ADVANCEMENT OF PUBLIC AFFAIRS, GOVERNMENT, LITERATURE AND THE ARTS THROUGH THE PUBLICATION OF THE TEXAS OBSERVER, A BIMONTHLY PERIODICAL

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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 $1,354,613

Program Service Revenue $0

Investment Income $28

Other Revenue $30,695

TOTAL REVENUE $1,385,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $922,085

Fundraising Expenses $144,565

Program Expenses $1,098,467

Other Expenses $667,585

TOTAL EXPENSES $1,589,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,385,336	$1,522,025	-0.1%
Expenses	$1,589,670	$2,142,830	-0.3%
Net Income	$-204,334	$-620,805	-0.7%

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

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

$39,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIZE BURR	PRESIDENT	10.00	Officer Director	$0	$0	$0
TERRI BURKE	TREASURER	2.00	Officer Director	$0	$0	$0
CARLTON CARL	DIRECTOR	2.00	Director	$0	$0	$0
MARK HORVIT	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN MCELROY	DIRECTOR	2.00	Director	$0	$0	$0
PETER RAVELLA	DIRECTOR	2.00	Director	$0	$0	$0
SKYE PERRYMAN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES CANUP	MANAGING DIRECTOR	40.00	Officer	$25,357	$2,910	$28,267
LOREN LYNCH	INTERIM EXEC DIRECTOR	40.00	Officer	$11,625	$0	$11,625

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	$1,385,336	$1,589,670	$301,292	$-204,334
2022	$1,522,025	$2,142,830	$578,457	$-620,805
2021	$1,907,878	$1,812,945	$1,291,717	$94,933
2020	$888,552	$735,221	$1,168,893	$153,331
2020	$1,292,814	$1,360,643	$1,082,587	$-67,829
2019	$1,271,093	$1,181,352	$963,261	$89,741
2018	$1,210,292	$1,160,031	$861,715	$50,261

THE TEXAS DEMOCRACY FOUNDATION