TEXAS HEALTH CARE ASSOCIATION EDUC… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

TRAVIS CLARDY

Phone

5124581257

Tax Period

2024-01-01 to 2024-12-31

TEXAS HEALTH CARE ASSOCIATION EDUCATION FOUNDATION, founded in 1999, is a small nonprofit in the Health Care sector that reported $853K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $238K, a strong 28% operating margin.

Mission

TO UNITE, REPRESENT, AND SUPPORT PROFESSIONALS WHO STRIVE TO IMPROVE THE DELIVERY, QUALITY, AND INTEGRITY OF LONG TERM CARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $509,030 Revenue: $852,841

HELD SEMINARS THROUGHOUT TEXAS AND AT TEXAS HEALTH CARE ASSOCIATION'S ANNUAL CONVENTION TO PROVIDE INFORMATION, TRAINING, AND EDUCATION IN LONG-TERM CARE INDUSTRY ISSUES.

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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 $0

Program Service Revenue $852,841

Investment Income $0

Other Revenue $0

TOTAL REVENUE $852,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $45,729

Program Expenses $509,030

Other Expenses $615,222

TOTAL EXPENSES $615,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,841	$728,680	+0.2%
Expenses	$615,222	$879,151	-0.3%
Net Income	$237,619	$-150,471	-2.6%

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

$509,527

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK PRINCE	CHAIR/INTERIM PRES./CEO UNTIL 06/24	1.00	Officer Director	$0	$0	$0
ANDY ASHTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ARI SILBERSTEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN BOULWARE	TREASURER	1.00	Officer Director	$0	$0	$0
DARRELL ZUROVEC	MULTI-FACILITY COUNCIL CHAIR	1.00	Officer Director	$0	$0	$0
RON HANEY	INDEPENDENT OWNER COUNCIL CHAIR	1.00	Director	$0	$0	$0
RYAN HARRINGTON	ASSISTED LIVING COUNCIL CHAIR	1.00	Director	$0	$0	$0
RON PAYNE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
T KEVIN WARREN	PRESIDENT/CEO (UNTIL 09/23)	1.00	Officer	$0	$15,273	$226,027
TRAVIS CLARDY	PRESIDENT/CEO (AS OF 06/24)	1.00	Officer	$0	$0	$283,500

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	$852,841	$615,222	$472,037	$237,619
2023	$728,680	$879,151	$233,309	$-150,471
2022	$620,267	$780,915	$383,780	$-160,648
2021	$558,801	$1,190,812	$545,886	$-632,011
2020	$262,574	$248,391	$1,182,060	$14,183
2019	$864,763	$808,155	$1,051,148	$56,608
2018	$968,794	$825,751	$841,022	$143,043

TEXAS HEALTH CARE ASSOCIATION EDUCATION FOUNDATION