TG 301 INC

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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

JACLYN S WOODRING

Phone

2108214300

Tax Period

2023-01-01 to 2023-12-31

TG 301 INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $312K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION WAS INCORPORATED AS A NONPROFIT CORPORATION IN THE STATE OF TEXAS ON DECEMBER 20, 1996. THE MISSION OF THE ORGANIZATION IS TO PRESERVE LOW-INCOME HOUSING AND PROVIDE SOCIAL AND EDUCATIONAL SERVICES TO RESIDENTS.THE PRIMARY ACTIVITY OF THE ORGANIZATION IS THE OWNERSHIP AND OPERATION OF THE SUTTON SQUARE DUPLEXES, WHICH IS A 30-UNIT APARTMENT COMPLEX LOCATED AT 919 SUTTON DRIVE, SAN ANTONIO TX 78228 FOR THE BENEFIT OF LOW-INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINS A U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROPERTY BASED SECTION 8 HOUSING ASSISTANCE PAYMENT (HAP) RENTAL ASSISTANCE CONTRACT FOR ALL 30 UNITS. THE HAP RENT ASSISTED UNITS ARE MADE AVAILABLE TO FAMILIES AND INDIVIDUALS WITH INCOMES OF LESS THAN 30% OF AREA MEDIAN INCOME.

Program Service Accomplishments

Program 1

Expenses: $267,950 Revenue: $124,439

DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 30 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE...

DURING THE REPORTING PERIOD, THE ORGANIZATION SUSTAINED THE HUD PROPERTY BASED SECTION 8 HAP CONTRACT AND CONTINUED TO MAKE ALL 30 UNITS AVAILABLE FOR LOW-INCOME FAMILIES AND INDIVIDUALS. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF HUD AND THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) FROM WHICH THE ORGANIZATION RECEIVED FUNDING FOR PROPERTY REHABILITATION.THE FOLLOWING TAX EXEMPTIONS CONTINUED TO BE RECEIVED:INTERNAL REVENUE SERVICE 501(C)(3) INCOME TAX EXEMPTION. BEXAR COUNTY, TEXAS, APPRAISAL DISTRICT 100% PROPERTY TAX EXEMPTION. STATE OF TEXAS FRANCHISE TAX EXEMPTION. STATE OF TEXAS SALES TAX EXEMPTION. THE ORGANIZATION CONTINUED TO OPERATE AN ON-SITE HUD CERTIFIED NEIGHBORHOOD NETWORKS CENTER AT WHICH THE ORGANIZATION PROVIDED PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS AND SURROUNDING COMMUNITY, INCLUDING CASE MANAGEMENT (INFORMAL) AND REFERRAL SERVICES.

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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 $185,790

Program Service Revenue $121,276

Investment Income $1,276

Other Revenue $3,163

TOTAL REVENUE $311,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,950

Other Expenses $303,928

TOTAL EXPENSES $303,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,505	$287,718	+0.1%
Expenses	$303,928	$303,059	+0.0%
Net Income	$7,577	$-15,341	-1.5%

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

N/A

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

$522,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIRLEY BATES	VICE CHAIR	0.10	Officer Director	$0	$0	$0
DARRELL DEMING	SECRETARY	0.10	Officer Director	$0	$0	$0
NANCY HARD	TRESURER	0.10	Officer Director	$0	$0	$0
HERB FRIEDRICH	OUTGOING ASSISTANT SECRETARY	0.10	Officer Director	$0	$0	$0
PATRICIA CASEY	DIRECTOR	0.10	Director	$0	$0	$0
JACLYN S WOODRING	EXECUTIVE DIRECTOR	0.10	Officer	$0	$20,876	$317,976
JAMES BUTCHER	MANAGEMENT AGENT CFO	0.10	Officer	$0	$6,729	$204,819

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	$311,505	$303,928	$987,717	$7,577
2022	$287,718	$303,059	$1,012,432	$-15,341
2021	$153,194	$152,313	$1,064,878	$881
2021	$280,323	$252,657	$1,108,227	$27,666
2020	$285,308	$245,334	$1,168,847	$39,974
2019	$277,308	$318,602	$1,176,431	$-41,294
2018	$269,131	$237,815	$1,270,356	$31,316