TEXAS FREEDOM NETWORK EDUCATION FUND (EIN 742788317) - 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

1996

Legal Domicile

Principal Officer

KELSEY HITCHINGHAM

Phone

5123220545

Tax Period

2024-01-01 to 2024-12-31

TEXAS FREEDOM NETWORK EDUCATION FUND, founded in 1996, is a community nonprofit in the Civil Rights & Advocacy sector that reported $4.8M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $5.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

CIVIC ENGAGEMENT, PUBLIC EDUCATION, RESEARCH

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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 $4,695,532

Program Service Revenue $0

Investment Income $107,318

Other Revenue $-176

TOTAL REVENUE $4,802,674

Expense Breakdown

Grants Paid $713,415

Salaries & Benefits $0

Fundraising Expenses $554,634

Program Expenses $4,267,380

Other Expenses $4,935,633

TOTAL EXPENSES $5,649,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,802,674	$5,401,728	-0.1%
Expenses	$5,649,048	$5,578,252	+0.0%
Net Income	$-846,374	$-176,524	+3.8%

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

N/A

Volunteers

500

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

$450,477

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ALDRETE	DIRECTOR	2.00	Director	$0	$0	$0
NEIL BLUMOFE	DIRECTOR	2.00	Director	$0	$0	$0
EMMA BROCKWAY	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JONI COHAN	DIRECTOR	2.00	Director	$0	$0	$0
ODUS EVBAGHARU	SECRETARY	2.00	Officer Director	$0	$0	$0
OLAC FUENTES	DIRECTOR	2.00	Director	$0	$0	$0
NEAL KATZ	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE LEFAVE	DIRECTOR	2.00	Director	$0	$0	$0
ANNIE LINEBARGER	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN LOPER	DIRECTOR	2.00	Director	$0	$0	$0
KATRINA MENDIOLA	CO-CHAIR	2.00	Officer Director	$0	$0	$0
CECILE RICHARDS	TFN FOUNDER	2.00	Director	$0	$0	$0
VALERIE BENAVIDEZ	PRESIDENT & EXECUTIVE DIRECTOR	20.00	Officer	$0	$32,098	$318,327
KELSEY HITCHINGHAM	CHIEF FINANCE OFFICER	20.00	Officer	$0	$12,508	$132,150
MARTI BIER	VP PROGRAMS	20.00	Highest	$0	$8,784	$126,046
CARISA LOPEZ	DEPUTY DIRECTOR	20.00	Highest	$0	$15,771	$136,037
LAWRENCE GREEN	SR ORGANIZATIONAL ADVISOR/OMBUDSMAN	20.00	Highest	$0	$6,553	$127,195

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	$4,802,674	$5,649,048	$2,886,850	$-846,374
2023	$5,401,728	$5,578,252	$3,367,618	$-176,524
2022	$5,990,271	$5,003,597	$3,518,283	$986,674
2021	$4,583,579	$3,974,075	$2,536,262	$609,504
2020	$4,918,275	$4,225,710	$2,217,379	$692,565
2019	$4,044,100	$3,858,805	$1,236,151	$185,295
2018	$2,432,527	$2,101,711	$1,028,869	$330,816

TEXAS FREEDOM NETWORK EDUCATION FUND