TEXAS INTERNATIONAL BACCALAUREATE SCHOOLS TIBS (EIN 742942646) - 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

2003

Legal Domicile

Phone

8173604041

Tax Period

2024-01-01 to 2024-12-31

TEXAS INTERNATIONAL BACCALAUREATE SCHOOLS TIBS, founded in 2003, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

TO ADVOCATE FOR ACCESS TO AN IB EDUCATION FOR ALL AND PROVIDE SUPPORT TO IB WORLD SCHOOLS THROUGH PROFESSIONAL DEVELOPMENT, CURRICULUM PLANNING, PROGRAM IMPLEMENTATION, AND SCHOLARSHIP PROGRAMS.

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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 $44,400

Program Service Revenue $1,047,537

Investment Income $12,684

Other Revenue $90

TOTAL REVENUE $1,104,711

Expense Breakdown

Grants Paid $20,150

Salaries & Benefits $234,682

Fundraising Expenses $0

Program Expenses $713,967

Other Expenses $860,678

TOTAL EXPENSES $1,115,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,104,711	$1,407,261	-0.2%
Expenses	$1,115,510	$1,399,776	-0.2%
Net Income	$-10,799	$7,485	-2.4%

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

$80,261

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN PHILLIPS	EXECUTIVE DIRECTOR	40.00	Highest	$137,743	$0	$137,743
COURTNEY SMITH	ASSOC EXECUTIVE DIRECTOR	40.00	Key Emp	$80,261	$0	$80,261
PENNY TSCHIRHART	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BIELA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LOVE	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MCKEE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH HALL	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY WATSON	DIRECTOR	1.00	Director	$0	$0	$0
SEBY MELONI	VP	1.00	Officer Director	$0	$0	$0
TOBY KLAMETH	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY SWINDEL	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERRI ROSSE	TREASURER	10.00	Officer Director	$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
2024	$1,104,711	$1,115,510	$748,190	$-10,799
2023	$1,407,261	$1,399,776	$758,989	$7,485
2022	$1,525,857	$1,337,430	$751,504	$188,427
2021	$1,122,042	$1,102,480	$563,077	$19,562
2020	$847,126	$919,392	$543,515	$-72,266

TEXAS INTERNATIONAL BACCALAUREATE SCHOOLS TIBS