QUALITY TEXAS FOUNDATION (EIN 742703727) - 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

1994

Legal Domicile

Principal Officer

BROOKS WILLIAMS

Phone

8174222656

Tax Period

2024-09-01 to 2025-08-31

QUALITY TEXAS FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $383K exceeded revenue, resulting in a 216% operating deficit.

Mission

PROMOTE QUALITY AND EXCELLENCE IN TEXAS ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $43,740

Program Service Revenue $51,499

Investment Income $25,942

Other Revenue $0

TOTAL REVENUE $121,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,657

Fundraising Expenses $0

Program Expenses $149,890

Other Expenses $181,393

TOTAL EXPENSES $383,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,181	$454,244	-0.7%
Expenses	$383,050	$629,394	-0.4%
Net Income	$-261,869	$-175,150	+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

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

$121,000

Total Directors

$123,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORTIS U MCGUIRE	CEO	40.00	Officer Director	$84,333	$0	$84,333
BROOKS WILLIAMS	CEO	40.00	Officer Director	$36,667	$0	$36,667
REV DR DWIGHT BAILEY JR	CHAPLAIN	5.00	Director	$2,000	$0	$2,000
ANALI ALANIS	DIRECTOR	5.00	Director	$0	$0	$0
SERELDA BOWMAN-YOUNG	DIRECTOR	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
R JACOB CINTRON	DIRECTOR	5.00	Director	$0	$0	$0
MANUEL E MALDONADO COTTO	TREASURER	5.00	Director	$0	$0	$0
DR BRIDGET DEWEES	DIRECTOR	5.00	Director	$0	$0	$0
DR JONATHAN B FLORES	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW GNANN	DIRECTOR	5.00	Director	$0	$0	$0
RICARDO HERNANDEZ	DIRECTOR	5.00	Director	$0	$0	$0
SHAWN-MARIE HERRING	SECRETARY	5.00	Director	$0	$0	$0
N/A	DIRECTOR	5.00	Director	$0	$0	$0
DR MICHAEL KIMBREL	DIRECTOR	5.00	Director	$0	$0	$0
KIRK KRIEGEL	CHAIR	5.00	Director	$0	$0	$0
DR ADENA LOSTON	DIRECTOR	5.00	Director	$0	$0	$0
TOM MATUSCHKA	DIRECTOR	5.00	Director	$0	$0	$0
CRAIG MORGAN	DIRECTOR	5.00	Director	$0	$0	$0
DR DIRK PERRITT	DIRECTOR	5.00	Director	$0	$0	$0
LYSA ROSS	DIRECTOR	5.00	Director	$0	$0	$0
KEN SCHILLER	DIRECTOR	5.00	Director	$0	$0	$0
DR RON SCHULINGKAMP	DIRECTOR	5.00	Director	$0	$0	$0
BRUCE FRANCE SR	DIRECTOR	5.00	Director	$0	$0	$0
WES TIDWELL	DIRECTOR	5.00	Director	$0	$0	$0
DR MUSADDIQ WAHEED	DIRECTOR	5.00	Director	$0	$0	$0
MARK WALMSLEY	DIRECTOR	5.00	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
2025	$121,181	$383,050	$613,209	$-261,869
2024	$454,244	$629,394	$883,163	$-175,150
2023	$469,668	$601,206	$990,218	$-131,538
2022	$718,996	$492,900	$1,117,702	$226,096
2021	$593,755	$427,164	$965,782	$166,591
2020	$667,841	$429,599	$790,070	$238,242
2019	$532,864	$548,316	$559,711	$-15,452
2018	$465,961	$397,086	$567,098	$68,875

QUALITY TEXAS FOUNDATION