Serenity Foundation of Texas (EIN 751571205) - 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

1977

Legal Domicile

Principal Officer

Miles Lourenco

Phone

3256736489

Tax Period

2023-09-01 to 2024-08-31

Serenity Foundation of Texas, founded in 1977, is a community nonprofit in the Mental Health sector that reported $6.8M in total revenue in fiscal year 2023.

Mission

Changing the future one life at a time through Prevention, Treatment and Recovery Support Services.

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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 $851,037

Program Service Revenue $5,081,149

Investment Income $869,822

Other Revenue $-6,622

TOTAL REVENUE $6,795,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,239,418

Fundraising Expenses $5,937

Program Expenses $7,074,184

Other Expenses $1,925,941

TOTAL EXPENSES $7,165,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,795,386	$6,304,298	+0.1%
Expenses	$7,165,359	$6,706,973	+0.1%
Net Income	$-369,973	$-402,675	-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

Employees

232

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

$120,441

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shellie Gibson	CFO	40.00	Officer	$67,592	$11,702	$79,294
Miles Lourenco	CEO	40.00	Officer	$39,048	$2,099	$41,147
Katie Alford	Director	1.00	Director	$0	$0	$0
Dr Bill Haynes	Director	1.00	Director	$0	$0	$0
Dottie Ingalsbe	Director	1.00	Director	$0	$0	$0
Barbara Morris	Director	1.00	Director	$0	$0	$0
Dr Peter Norton	President	1.00	Officer Director	$0	$0	$0
Scott Olsen	Director	1.00	Director	$0	$0	$0
Charles Self	Vice President	1.00	Officer Director	$0	$0	$0
Steve Strain	Director	1.00	Director	$0	$0	$0
Susan Pigeon	Secretary	1.00	Officer Director	$0	$0	$0
Jennifer Harper	Director	1.00	Director	$0	$0	$0
Mitch Barnett	Trustee	1.00	Director	$0	$0	$0
Stan Chapman	Trustee	1.00	Director	$0	$0	$0
Paul Irby	Trustee	1.00	Director	$0	$0	$0
Steve Martin	Trustee	1.00	Director	$0	$0	$0
Dr Phil Schubert	Trustee	1.00	Director	$0	$0	$0
Richard Shelburn	Trustee	1.00	Director	$0	$0	$0
Julie St John	Trustee	1.00	Director	$0	$0	$0
Mike Brady	Trustee	1.00	Director	$0	$0	$0
Alan Davis	Trustee	1.00	Director	$0	$0	$0
Sparky Dean	Trustee	1.00	Director	$0	$0	$0
Mike Freeman	Trustee	1.00	Director	$0	$0	$0
Chuck Rodgers	Trustee	1.00	Director	$0	$0	$0
Grant Zellar	Trustee	1.00	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	$6,795,386	$7,165,359	$10,129,075	$-369,973
2023	$6,304,298	$6,706,973	$10,232,348	$-402,675
2022	$4,923,519	$6,179,240	$11,059,113	$-1,255,721
2021	$6,862,751	$6,014,544	$12,830,500	$848,207
2020	$5,599,972	$6,551,492	$12,444,266	$-951,520
2019	$8,233,782	$6,351,790	$12,656,534	$1,881,992
2018	$6,108,859	$6,268,487	$10,761,481	$-159,628

Serenity Foundation of Texas