Friends of the Texas Historical Commission Inc

EIN: 742773168 501(c)(3) Arts, Culture & Humanities

Austin, TX

Total Revenue
$1,860,426
Total Expenses
$1,103,221
Total Assets
$5,104,084
Net Assets
$5,054,084
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
Anjali Kaul Zutshi
Phone
5129362241
Tax Period
2023-09-01 to 2024-08-31

Friends of the Texas Historical Commission Inc, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $757K, a strong 41% operating margin.

Mission

The Organization works with the Texas Historical Commission to preserve and protect the real places and real stories of Texas and all Texans, securing philanthropic resources to ensure a lasting legacy for future generations.

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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 $1,181,124
Program Service Revenue $503,348
Investment Income $150,208
Other Revenue $25,746
TOTAL REVENUE $1,860,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $9,363
Program Expenses $984,133
Other Expenses $1,103,221
TOTAL EXPENSES $1,103,221

Year-over-Year Comparison

2023 2022 Change
Revenue $1,860,426 $1,562,153 +0.2%
Expenses $1,103,221 $1,587,176 -0.3%
Net Income $757,205 $-25,023 -31.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
37

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
5
$139,049
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anjali Kaul Zutshi Executive Dir. 40.00
Officer
$0 $36,278 $139,049
Sally Anne Schmidt Chairman 20.00
Officer Director
$0 $0 $0
Donna Carter Vice Chair 15.00
Officer Director
$0 $0 $0
Courtney Read Hoffman Treasurer 15.00
Officer Director
$0 $0 $0
Lareatha Clay Secretary 15.00
Officer Director
$0 $0 $0
Jane Barnhill Trustee 5.00
Director
$0 $0 $0
Sehila Mota Casper Trustee 5.00
Director
$0 $0 $0
Terry Colley Trustee 10.00
Director
$0 $0 $0
Rowena Houghton Dasch Trustee 5.00
Director
$0 $0 $0
Aaron Dorfner Trustee 5.00
Director
$0 $0 $0
Sarah Zenaida Gould Trustee 10.00
Director
$0 $0 $0
Francisco Guajardo Trustee 5.00
Director
$0 $0 $0
Sarita Hixon Trustee 10.00
Director
$0 $0 $0
Harriet Latimer Trustee 10.00
Director
$0 $0 $0
John Mayfield Trustee 5.00
Director
$0 $0 $0
Vanessa McElwrath Trustee 5.00
Director
$0 $0 $0
Bonnie McKee Trustee 5.00
Director
$0 $0 $0
Kristine Navarro-McElhaney Trustee 5.00
Director
$0 $0 $0
Wes Reeves Trustee 5.00
Director
$0 $0 $0
Brian Shivers Trustee 5.00
Director
$0 $0 $0
Joe Thrash Trustee 5.00
Director
$0 $0 $0
Kay Timme Trustee 5.00
Director
$0 $0 $0
Dianne Duncan Tucker Trustee 5.00
Director
$0 $0 $0
Daisy Sloan White Trustee 5.00
Director
$0 $0 $0
Welcome Wilson Jr Trustee 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
2024 $1,860,426 $1,103,221 $5,104,084 $757,205
2023 $1,562,153 $1,587,176 $4,490,062 $-25,023
2022 $2,777,984 $999,311 $3,919,304 $1,778,673
2021 $1,192,867 $1,519,213 $2,566,548 $-326,346
2020 $680,992 $1,870,759 $2,909,027 $-1,189,767
2019 $909,611 $1,087,718 $3,598,834 $-178,107
2018 $2,442,462 $590,604 $3,757,194 $1,851,858
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