HISTORIC SOUTHSIDE INCORPORATED (EIN 752123545) - 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

1985

Legal Domicile

Principal Officer

Michael Brennan

Phone

8179231649

Tax Period

2023-01-01 to 2023-12-31

HISTORIC SOUTHSIDE INCORPORATED, founded in 1985, is a small nonprofit that reported $609K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

Historic Southside, Inc. is a 501(c)(3) non-profit organization dedicated to the ongoing redevelopment of Fort Worth's Near Southside as a vibrant, urban, mixed-use neighborhood. This is accomplished through the production of public cultural events, and the implementation of targeted initiatives that invest in public spaces; promote the arts and historic preservation; expand housing choices; and initiate new community partnerships.

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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 $432,185

Program Service Revenue $177,044

Investment Income $0

Other Revenue $0

TOTAL REVENUE $609,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $593,959

Other Expenses $597,877

TOTAL EXPENSES $597,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,229	$454,189	+0.3%
Expenses	$597,877	$1,064,187	-0.4%
Net Income	$11,352	$-609,998	-1.0%

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

200

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

$150,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Brennan	President	5	Officer	$0	$9,843	$150,893
Richard Cervenka	Director	1	Director	$0	$0	$0
Bruce Davis	Director	1	Director	$0	$0	$0
Marty Englander	Director	1	Director	$0	$0	$0
Colleen Fischer	Director	1	Director	$0	$0	$0
Mike Fisher	Director	1	Director	$0	$0	$0
Jeff Guinn	Director	1	Director	$0	$0	$0
Jennifer Henderson	Director	1	Director	$0	$0	$0
Tina Howard	Director	1	Director	$0	$0	$0
Nicole Hunter	Director	1	Director	$0	$0	$0
Ginger Johnson	Director	1	Director	$0	$0	$0
Tareka Lofton	Director	1	Director	$0	$0	$0
Charlie Powell	Director	1	Director	$0	$0	$0
Ryon Price	Director	1	Director	$0	$0	$0
Jake Richter	Director	1	Director	$0	$0	$0
Amanda Schulte	Director	1	Director	$0	$0	$0
Spencer Seals	Director	1	Director	$0	$0	$0
William Seegel	Director	1	Director	$0	$0	$0
Brent Sparks	Director	1	Director	$0	$0	$0
Jason Williamson	Director	1	Director	$0	$0	$0
Chad Kerr	Director	1	Director	$0	$0	$0
Katrina Carpenter	Director	1	Director	$0	$0	$0
Meredith Flores	Director	1	Director	$0	$0	$0
Will Northern	Director	1	Director	$0	$0	$0
Samantha Renz	Director	1	Director	$0	$0	$0
Jerod Rankin	Director	1	Director	$0	$0	$0
Norma Salinas	Director	1	Director	$0	$0	$0
Shawn Tubre	Director	1	Director	$0	$0	$0
Corey Wilson	Director	1	Director	$0	$0	$0
Shelby Anderson	Director	1	Director	$0	$0	$0
Jack Clark	Treasurer	2	Officer Director	$0	$0	$0
Michael Sanborn	Vice Chair	2	Officer Director	$0	$0	$0
Ken Schaefer	Secretary	2	Officer Director	$0	$0	$0
Chuck Bouligny	Chair	2	Officer Director	$0	$0	$0
Bobby Grigsby	Director	1	Director	$0	$0	$0
Joaquin Anon Suarez	Director	1	Director	$0	$0	$0
Judy Bernas	Director	1	Director	$0	$0	$0
Jerome Embry	Director	1	Director	$0	$0	$0
Rian Maguire	Director	1	Director	$0	$0	$0
Brandon Purty	Director	1	Director	$0	$0	$0
Erika Ramos	Director	1	Director	$0	$0	$0
Arthur Santa-Maria	Director	1	Director	$0	$0	$0
Amy Thanpaisarnsamut	Director	1	Director	$0	$0	$0
Lexington Wright	Director	1	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	$609,229	$597,877	$191,208	$11,352
2022	$454,189	$1,064,187	$250,033	$-609,998
2021	$550,796	$167,590	$831,731	$383,206
2020	$318,865	$197,358	$361,658	$121,507

HISTORIC SOUTHSIDE INCORPORATED