VARIETY THE CHILDREN'S CHARITY OF … - 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

1936

Legal Domicile

Principal Officer

TONY ADAMSON

Phone

5123285437

Tax Period

2023-10-01 to 2024-09-30

VARIETY THE CHILDREN'S CHARITY OF TEXAS, founded in 1936, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

VARIETY IS COMMITTED TO PROMOTING AND PROTECTING THE HEALTH AND WELL-BEING OF CHILDREN ACROSS TEXAS.

Program Service Accomplishments

Program 1

Expenses: $1,060,366 Revenue: $420,534

PEACEABLE KINGDOM RETREAT FOR CHILDREN: CAMPS & SERVICES FOR CHILDREN WITH SPECIAL NEEDS SERVED AT PEACEABLE KINGDOM RETREAT FOR CHILDREN, A FULLY ACCESSIBLE FACILITY FOR CHILDREN WITH ALL TYPES OF...

Program 2

Expenses: $30,893

VARIETY KIDS: GO WAS CREATED TO BRING VARIETY'S HIGHLY IMPACTFUL AND SOUGHT-AFTER PROGRAMS INTO THE COMMUNITY, INCLUDING THE PEACEABLE KINGDOM TO YOU PROGRAM AND VARIETYS ICAN SHINE BIKE CAMP. THE...

VARIETY KIDS: GO WAS CREATED TO BRING VARIETY'S HIGHLY IMPACTFUL AND SOUGHT-AFTER PROGRAMS INTO THE COMMUNITY, INCLUDING THE PEACEABLE KINGDOM TO YOU PROGRAM AND VARIETYS ICAN SHINE BIKE CAMP. THE OVERARCHING INTENTION IS TO BRING SOCIAL AND ADAPTED RECREATIONAL ACTIVITIES AND EVENTS DIRECTLY TO THOSE LIVING WITH SPECIAL NEEDS AND THEIR FAMILIES THROUGHOUT TEXAS. CHILDREN RECEIVED SERVICE: 1,880

Program 3

Expenses: $2,180

HEART OF VARIETY - FREEDOM PROGRAM: LED BY A COMMITTEE, THIS PROGRAM PROVIDES FINANCIAL ASSISTANCE TO FAMILIES ACROSS TEXAS WHO HAVE A CHILD OR CHILDREN WITH SPECIAL NEEDS. THIS PROGRAM DELIVERS...

HEART OF VARIETY - FREEDOM PROGRAM: LED BY A COMMITTEE, THIS PROGRAM PROVIDES FINANCIAL ASSISTANCE TO FAMILIES ACROSS TEXAS WHO HAVE A CHILD OR CHILDREN WITH SPECIAL NEEDS. THIS PROGRAM DELIVERS VITAL LIFE-CHANGING EQUIPMENT AND SERVICES FOR MOBILITY, INDEPENDENCE AND SOCIAL INCLUSION TO CHANGE CHILDRENS LIVES BY GRANTING ITEMS AND SERVICES SUCH AS UNIQUELY DESIGNED ADAPTIVE PROSTHETIC LIMBS, AND CUSTOM-MADE WHEELCHAIRS, WALKERS, BICYCLES, AND MODIFICATIONS TO VEHICLES OR HOMES.

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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 $827,412

Program Service Revenue $420,534

Investment Income $89,004

Other Revenue $-51,806

TOTAL REVENUE $1,285,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $647,660

Fundraising Expenses $212,121

Program Expenses $1,097,799

Other Expenses $793,319

TOTAL EXPENSES $1,440,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,285,144	$1,328,531	0.0%
Expenses	$1,440,979	$1,393,828	+0.0%
Net Income	$-155,835	$-65,297	+1.4%

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

500

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

$242,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY BRUCE FREDERIKSEN	EXE DIR (10/	40.00	Officer	$127,774	$17,637	$145,411
SKYLER LIGHTFOOT	INT EX DIR (	40.00	Officer	$0	$0	$0
SKYLER LIGHTFOOT	DIR FIN (10/	40.00	Officer	$78,346	$18,822	$97,168
TONY ADAMSON	CHAIRMAN	4.00	Officer Director	$0	$0	$0
STEVE HOLMES	TREASURER	4.00	Officer Director	$0	$0	$0
DOUG DARROW	DIRECTOR	4.00	Director	$0	$0	$0
JONATHAN BRISCOE	DIRECTOR	4.00	Director	$0	$0	$0
CHANDA BRASHEARS	DIRECTOR	4.00	Director	$0	$0	$0
CHARLES JENKINS	DIRECTOR	4.00	Director	$0	$0	$0
TONY LIBERTO	DIRECTOR	4.00	Director	$0	$0	$0
MICHELLE METZGER	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL MRLIK II	DIRECTOR	4.00	Director	$0	$0	$0
LISA MUSCANERE	DIRECTOR	4.00	Director	$0	$0	$0
JOEL PACE	DIRECTOR	4.00	Director	$0	$0	$0
TIM REED	DIRECTOR	4.00	Director	$0	$0	$0
DAVID TATE	DIRECTOR	4.00	Director	$0	$0	$0
AMY WALLQUIST	DIRECTOR	4.00	Director	$0	$0	$0
STEVE ZUEHLKE	DIRECTOR	4.00	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	$1,285,144	$1,440,979	$2,911,782	$-155,835
2023	$1,328,531	$1,393,828	$3,026,082	$-65,297
2022	$1,590,372	$1,262,392	$3,115,917	$327,980
2021	$735,560	$1,079,254	$2,884,034	$-343,694
2020	$1,099,070	$1,417,233	$2,936,383	$-318,163
2019	$1,568,937	$1,927,219	$3,228,367	$-358,282
2018	$1,838,333	$1,554,803	$3,194,997	$283,530

VARIETY THE CHILDREN'S CHARITY OF TEXAS