Texas Cultural Trust Council (EIN 742778878) - 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

1995

Legal Domicile

Principal Officer

Heidi M Smith

Phone

5124785289

Tax Period

2023-09-01 to 2024-08-31

Texas Cultural Trust Council, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $7.3M represent 44 months of operating reserves.

Mission

Public arts funding

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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 $1,315,136

Program Service Revenue $532,484

Investment Income $140,955

Other Revenue $0

TOTAL REVENUE $1,988,575

Expense Breakdown

Grants Paid $157,000

Salaries & Benefits $900,469

Fundraising Expenses $80,369

Program Expenses $1,843,622

Other Expenses $1,086,887

TOTAL EXPENSES $2,144,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,988,575	$2,674,877	-0.3%
Expenses	$2,144,356	$2,020,684	+0.1%
Net Income	$-155,781	$654,193	-1.2%

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

$213,333

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie Blanton	Chair	1.00	Officer Director	$0	$0	$0
Leslie Ward	Vice Chair	1.00	Officer Director	$0	$0	$0
Marvin Blum	Treasurer	1.00	Officer Director	$0	$0	$0
Mindy Ellmer	Secretary	1.00	Officer Director	$0	$0	$0
Pat Frost	Development	1.00	Director	$0	$0	$0
Michael Klein	Nominations	1.00	Director	$0	$0	$0
Daniel Jackson III	Programs	1.00	Director	$0	$0	$0
Kelli Blanton	At-Large	1.00	Director	$0	$0	$0
Linda LaMantia	At-Large	1.00	Director	$0	$0	$0
Lauren Anderson	Trustee	1.00	Director	$0	$0	$0
Brendon Anthony	Trustee	1.00	Director	$0	$0	$0
John Beckworth	Trustee	1.00	Director	$0	$0	$0
Ray Benson	Trustee	1.00	Director	$0	$0	$0
Bruce Bugg Jr	Trustee	1.00	Director	$0	$0	$0
Ernest Butler	Trustee	1.00	Director	$0	$0	$0
Ito Deutsch	Trustee	1.00	Director	$0	$0	$0
Gay Gaddis	Trustee	1.00	Director	$0	$0	$0
Winell Herron	Trustee	1.00	Director	$0	$0	$0
Tisa Hibbs	Trustee	1.00	Director	$0	$0	$0
Alexis Hunter	Trustee	1.00	Director	$0	$0	$0
Renard Johnson	Trustee	1.00	Director	$0	$0	$0
Gene Jones	Trustee	1.00	Director	$0	$0	$0
Kathleen Keating	Trustee	1.00	Director	$0	$0	$0
Kathleen R Kennedy	Trustee	1.00	Director	$0	$0	$0
Charles Matthews	Trustee	1.00	Director	$0	$0	$0
Whitney Hyder More	Trustee	1.00	Director	$0	$0	$0
Nancy Murray	Trustee	1.00	Director	$0	$0	$0
Cabrina Owsley	Trustee	1.00	Director	$0	$0	$0
Jay Propes	Trustee	1.00	Director	$0	$0	$0
Marielle Lamy Quaid	Trustee	1.00	Director	$0	$0	$0
Corinna Holt Richter	Trustee	1.00	Director	$0	$0	$0
Judy Robison	Trustee	1.00	Director	$0	$0	$0
Karen Johnson Rove	Trustee	1.00	Director	$0	$0	$0
Tania Schwartz	Trustee	1.00	Director	$0	$0	$0
Nancy Seliger	Trustee	1.00	Director	$0	$0	$0
The Honorable Joe Strauss III	Trustee	1.00	Director	$0	$0	$0
Mark Watson	Trustee	1.00	Director	$0	$0	$0
Pam Willeford	Trustee	1.00	Director	$0	$0	$0
Trisha Wilson	Trustee	1.00	Director	$0	$0	$0
Darrell Windham	Trustee	1.00	Director	$0	$0	$0
Heidi Marquez Smith	Executive Director	40.00	Key Emp	$213,333	$0	$213,333

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	No data	No data	No data	No data
2024	$1,988,575	$2,144,356	$8,199,614	$-155,781
2023	$2,674,877	$2,020,684	$7,195,357	$654,193
2022	$1,761,025	$1,761,893	$6,702,014	$-868
2021	$1,732,438	$2,043,547	$7,555,293	$-311,109
2020	$1,911,395	$1,654,746	$6,515,534	$256,649
2019	$2,510,463	$1,717,823	$5,593,716	$792,640

Texas Cultural Trust Council