HOWARD MCKENNA CHARITABLE TRUST #2… - 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

1973

Legal Domicile

Principal Officer

FROST BANK

Phone

2102204438

Tax Period

2024-01-01 to 2024-12-31

HOWARD MCKENNA CHARITABLE TRUST #2430, founded in 1973, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $44K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $68K exceeded revenue, resulting in a 55% operating deficit.

Mission

AS SET FORTH IN THE TRUST INSTRUMENT AND FOLLOWED BY THE TRUSTEE, THE TRUST SHALL DISTRIBUTE 5% OF THE NET FAIR MARKET VALUE OF THE TRUST IN EACH CALENDAR YEAR AS DETERMINED ON THE LAST BUSINESS DAY IN THE PRECEDING CALENDAR YEAR TO THE MCKENNA FOUNDATION, AS LONG AS THE FOUNDATION REMAINS AN ORGANIZATION DESCRIBED UNDER CODE SECTION 501(C)(3).

Program Service Accomplishments

Program 1

Expenses: $62,540

MCKENNA FOUNDATION

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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 $0

Investment Income $44,165

Other Revenue $0

TOTAL REVENUE $44,165

Expense Breakdown

Grants Paid $57,265

Salaries & Benefits $3,718

Fundraising Expenses $0

Program Expenses $62,540

Other Expenses $7,444

TOTAL EXPENSES $68,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,165	$36,742	+0.2%
Expenses	$68,427	$64,303	+0.1%
Net Income	$-24,262	$-27,561	-0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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
FROST BANK TRUSTEE	DEBBIE BROEMSEN, ADMINISTRATOR	0.0		$3,718	$0	$3,718

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
2025	No data	No data	No data	No data
2024	$44,165	$68,427	$765,356	$-24,262
2023	$36,742	$64,303	$789,618	$-27,561
2022	$37,264	$75,431	$817,179	$-38,167
2021	$68,392	$71,640	$855,346	$-3,248
2020	$49,061	$65,755	$858,594	$-16,694

HOWARD MCKENNA CHARITABLE TRUST #2430