TAFT COUNSELING CENTER INC (EIN 751850370) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

REDA RASCO

Phone

9406911899

Tax Period

2023-01-01 to 2023-12-31

TAFT COUNSELING CENTER INC, founded in 1983, is a small nonprofit in the Mental Health sector that reported $914K in total revenue in fiscal year 2023.

Mission

Our mission is to be an integral part of the greater Wichita Falls area by providing psychological therapy services to individuals, families and groups from a holistic approach that honors physical, mental and individual,couple and family counseling. Also consulting for clergy education programs.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,159

Program Service Revenue $909,957

Investment Income $18

Other Revenue $0

TOTAL REVENUE $914,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,112

Fundraising Expenses $0

Program Expenses $859,639

Other Expenses $675,804

TOTAL EXPENSES $944,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$914,134	$900,735	+0.0%
Expenses	$944,916	$890,684	+0.1%
Net Income	$-30,782	$10,051	-4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$163,540

Total Directors

$163,540

Key Employees

$42,785

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REDA RASCO	EXECUTIVE DIRECTOR	18.00	Officer Director	$21,012	$0	$163,540
BRANDY R SROGGINS	OFFICE MANAGER	40.00	Key Emp	$42,785	$0	$42,785
LISA MCCARTHY	BOARD MEMBER	0.00	Director	$0	$0	$0
DR MARY MCKINLEY	SECRETARY	0.00	Officer Director	$0	$0	$0
PHYLLIS ELLIOT	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERT KINCHELOE	BOARD PRESIDENT	0.00	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	No data	No data	No data	No data
2023	$914,134	$944,916	$14,449	$-30,782
2022	$900,735	$890,684	$17,035	$10,051
2021	$864,756	$898,817	$23,860	$-34,061
2020	$796,563	$798,811	$20,663	$-2,248
2019	$748,172	$750,746	$27,940	$-2,574
2018	$663,689	$661,011	$12,097	$2,678

TAFT COUNSELING CENTER INC