REFUGE CORPORATION

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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

1997

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

REFUGE CORPORATION, founded in 1997, is a small nonprofit in the Crime & Legal sector that reported $138K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $126K left a modest 9% surplus.

Mission

MAINTAINS TWO HOMES, ONE IS AN EMERGENCY SHELTER FOR WOMEN WITH CHILDREN AND THE OTHER IS A TRANSITIONAL HOME TO ASSIST FAMILIES UNTIL THEY CAN MAKE MORE PERMANENT ARRANGEMENTS. THE ORGANIZATION PROVIDES CASE MANAGER TO FAMILES WITH CHILDREN FACING STRESSFULL SITUATIONS.

Program Service Accomplishments

Program 1

Expenses: $92,416

PRESERVING FAMILIES AND THE ENRICHING THE LIVES OF CHILDREN AND YOUTHS THROUGH PROGRAMS ADDRESSING HOUSING, VOCATIONAL, ECONOMIC AND MENTAL AND EMOTIONAL NEEDS TO AT RISK LOW TO MODERATE INCOME...

PRESERVING FAMILIES AND THE ENRICHING THE LIVES OF CHILDREN AND YOUTHS THROUGH PROGRAMS ADDRESSING HOUSING, VOCATIONAL, ECONOMIC AND MENTAL AND EMOTIONAL NEEDS TO AT RISK LOW TO MODERATE INCOME FAMILIES

Program 2

Expenses: $13,765

REFUGE MOBILE FOOD PANTRY DISTRIBUTE HEALTHY AND NUTRITIONAL FOOD THROUGH OUT THE CENTRAL TEXAS AREA TO THOSE INDIVIDUALS AND FAMILIES IN NEED.

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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 $93,726

Program Service Revenue $43,511

Investment Income $0

Other Revenue $670

TOTAL REVENUE $137,907

Expense Breakdown

Grants Paid $31,474

Salaries & Benefits $3,600

Fundraising Expenses $5,493

Program Expenses $106,181

Other Expenses $91,000

TOTAL EXPENSES $126,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,907	$150,381	-0.1%
Expenses	$126,074	$140,974	-0.1%
Net Income	$11,833	$9,407	+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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE HOLCOMB	PRESIDENT	40.00	Director Key Emp	$0	$0	$0
JOSEPH SOLOMON	EXEC DIRECTOR	40.00	Director	$0	$0	$0
RAMONA JOHNSON	BOARD MEMBER	3.00		$0	$0	$0
KENNETH HOLLOWAY	BOARD MEMBER	3.00		$0	$0	$0
TYRONE HOLCOMB	BOARD MEMBER	3.00		$0	$0	$0
MICHELLE SOLOMON	BOOKKEEPER	5.00		$0	$0	$0
COLATHIA WALKER	BOARD MEMBER	3.00		$0	$0	$0
FAYE NOLLEY	BOARD MEMBER	3.00		$0	$0	$0
GREGORY CRUELL	BOARD MEMBER	3.00		$0	$0	$0
WILLIAM BUNTYN	BOARD MEMBER	3.00		$0	$0	$0
JOE WALKER JR	BOARD CHAIRMAN	3.00		$0	$0	$0
HARLAN WILLIAMS	BOARD MEMBER	3.00		$0	$0	$0
ALEXANDER HILLIARD	BOARD MEMBER	3.00		$0	$0	$0
CHERYL GARY	BOARD MEMBER	3.00		$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
2023	$137,907	$126,074	$131,219	$11,833
2022	$150,381	$140,974	$146,591	$9,407
2021	$148,844	$119,684	$97,461	$29,160
2020	$123,719	$114,840	$64,168	$8,879
2019	$115,884	$114,592	$69,942	$1,292
2019	$115,884	$114,592	$69,942	$1,292
2018	$99,501	$104,371	$64,419	$-4,870
2018	$99,501	$104,371	$64,419	$-4,870