TEXAS HEALTH INFORMATION MANAGEMEN… - 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

1962

Legal Domicile

Principal Officer

CAROLYN PRICE

Phone

5125404441

Tax Period

2023-01-01 to 2023-12-31

TEXAS HEALTH INFORMATION MANAGEMENT ASSOCIATION, founded in 1962, is a small nonprofit that reported $263K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $350K exceeded revenue, resulting in a 33% operating deficit.

Mission

TXHIMA ADVANCES AND PROTECTS THE HEALTH INFORMATION MANAGEMENT PROFESSION THROUGH PROFESSIONAL DEVELOPMENT, RECOGNITION AND MEMBER ENGAGEMENT.

Program Service Accomplishments

Program 1

TXHIMA CONDUCTS LOCAL, REGIONAL AND STATEWIDE WEBINARS AND CONFERENCES TO INFORM HEALTH CARE PROFESSIONALS AND OTHERS IN THE INDUSTRY OF THE LATEST LAWS, TRENDS AND PRODUCTS RELATED TO HEALTH...

TXHIMA CONDUCTS LOCAL, REGIONAL AND STATEWIDE WEBINARS AND CONFERENCES TO INFORM HEALTH CARE PROFESSIONALS AND OTHERS IN THE INDUSTRY OF THE LATEST LAWS, TRENDS AND PRODUCTS RELATED TO HEALTH INFORMATION MANAGEMENT.

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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 $500

Program Service Revenue $262,328

Investment Income $155

Other Revenue $0

TOTAL REVENUE $262,983

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $347,305

TOTAL EXPENSES $350,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,983	$285,946	-0.1%
Expenses	$350,305	$303,187	+0.2%
Net Income	$-87,322	$-17,241	+4.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORRINE BYRD	PRESIDENT	4.00	Officer Director	$0	$0	$0
BEATRICE AVILA	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
MICHELLE MILLEN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
KATINA HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA LAMSON	DIRECTOR	2.00	Director	$0	$0	$0
SHAKERA MORELAND	DIRECTOR	2.00	Director	$0	$0	$0
LAKEYSHIA MOORE	DIRECTOR	2.00	Director	$0	$0	$0
EDITH BALLARD	DIRECTOR	2.00	Director	$0	$0	$0
SYLVIA ALCALA	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN PRICE	EXECUTIVE DIRECTOR	2.00	Officer	$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	No data	No data	No data	No data
2023	$262,983	$350,305	$61,014	$-87,322
2022	$285,946	$303,187	$147,917	$-17,241
2021	$289,907	$281,601	$166,223	$8,306
2020	$236,965	$210,425	$166,110	$26,540
2019	$324,295	$293,681	$149,273	$30,614

TEXAS HEALTH INFORMATION MANAGEMENT ASSOCIATION