IMAGINE ENTERPRISES INC

EIN: 742765337 501(c)(3) Community Improvement

SEABROOK, TX

Total Revenue
$15,201,645
Total Expenses
$15,080,491
Total Assets
$1,835,124
Net Assets
$785,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
TX
Principal Officer
NORINE JALOWAY-GILL
Phone
7138766564
Tax Period
2023-01-01 to 2023-12-31

IMAGINE ENTERPRISES INC, founded in 1995, is a mid-sized nonprofit in the Community Improvement sector that reported $15.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

IMAGINE ENTERPRISES BELIEVES ALL PEOPLE SHOULD BE RESPECTED AND VALUED FOR THEIR UNIQUE STRENGTHS AND ABILITIES. WE ARE A TEXAS-BASED NONPROFIT DEVOTED TO HELPING PEOPLE WITH DISABILITIES FIND THEIR OWN PARTICULAR PLACE IN THEIR COMMUNITY SO THEY CAN LIVE, WORK, AND ENJOY LIFE JUST LIKE EVERYBODY ELSE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $305,270
Program Service Revenue $14,896,375
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,201,645

Expense Breakdown

Grants Paid $13,064,513
Salaries & Benefits $1,475,558
Fundraising Expenses $0
Program Expenses $14,794,007
Other Expenses $540,420
TOTAL EXPENSES $15,080,491

Year-over-Year Comparison

2023 2022 Change
Revenue $15,201,645 $13,884,095 +0.1%
Expenses $15,080,491 $13,710,396 +0.1%
Net Income $121,154 $173,699 -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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
33
Volunteers
28

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
6
$244,916
Total Directors
9
$81,263
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORINE JALOWAY-GILL EXECUTIVE DIRECTOR 40.00
Officer Director
$78,962 $2,301 $81,263
MARTHA GARBER BOARD MEMBER 1.00
Director
$0 $0 $0
TRUDY JALOWAY BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE CAROL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HOFF BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN ONKEN BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY NEWBERRY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
HALEY GREER BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
BARBARA IRVIN BOARD TREASURER 1.00
Officer Director
$0 $0 $0
SANDY SMITH CO-CHIEF OPERATING OFFICER 40.00
Officer
$78,317 $3,347 $81,664
CHERYL HARRIS CO-CHIEF OPERATING OFFICER 40.00
Officer
$78,153 $3,836 $81,989
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 $15,201,645 $15,080,491 $1,835,124 $121,154
2022 $13,884,095 $13,710,396 $2,658,271 $173,699
2021 $11,528,305 $11,538,663 $1,203,317 $-10,358
2020 $11,025,111 $10,783,356 $1,136,271 $241,755
2019 $9,696,761 $9,614,780 $520,445 $81,981
2018 $8,251,028 $8,196,024 $449,704 $55,004
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