TEXAS WINDS MUSICAL OUTREACH INC

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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

1986

Legal Domicile

Principal Officer

MEGHAN GOMEN

Phone

4692915411

Tax Period

2023-07-01 to 2024-06-30

TEXAS WINDS MUSICAL OUTREACH INC, founded in 1986, is a small nonprofit that reported $558K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $490K left a modest 12% surplus.

Mission

TEXAS WINDS MUSICAL OUTREACH ENGAGES, COMFORTS AND CELEBRATES THE SPIRITS OF ISOLATED SENIORS, HOSPITAL PATIENTS, VETERANS, AND CHILDREN IN NORTH TEXAS THROUGH LIVE, PROFESSIONAL MUSICAL PERFORMANCES.

Program Service Accomplishments

Program 1

Expenses: $304,094

THE ORGANIZATION PROVIDED 1,422 CONCERTS FOR 43,126 SENIORS IN NORTH TEXAS LONG-TERM CARE, ASSISTED LIVING FACILITES, SENIOR CENTERS, ADULT DAY FACILITIES FOR DISABLED, LOW-INCOME SENIOR HOUSING...

THE ORGANIZATION PROVIDED 1,422 CONCERTS FOR 43,126 SENIORS IN NORTH TEXAS LONG-TERM CARE, ASSISTED LIVING FACILITES, SENIOR CENTERS, ADULT DAY FACILITIES FOR DISABLED, LOW-INCOME SENIOR HOUSING, RETIREMENT HOMES AND HOSPICE FACILITIES.

Program 2

Expenses: $43,220

THE ORGANIZATION PROVIDED 329 PROGRAMS FOR 19,263 CHILDREN ENROLLED IN HEAD START AND OTHER SIMILAR PRESCHOOL FACILITIES.

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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 $528,337

Program Service Revenue $0

Investment Income $29,448

Other Revenue $0

TOTAL REVENUE $557,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,240

Fundraising Expenses $81,888

Program Expenses $347,314

Other Expenses $321,060

TOTAL EXPENSES $490,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$557,785	$470,900	+0.2%
Expenses	$490,300	$479,423	+0.0%
Net Income	$67,485	$-8,523	-8.9%

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

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

$72,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN GOMEN	Executive Dir.	40.00	Officer	$72,756	$0	$72,756
NORMA CISNEROS	IMM PAST PRES	1.00	Officer Director	$0	$0	$0
JEFF SUNDBERG	President	4.00	Officer Director	$0	$0	$0
TRISTE VASQUEZ-WHITE	Director	1.00	Director	$0	$0	$0
JESUSITA ALEMAN PEREZ	Treasurer	3.00	Officer Director	$0	$0	$0
BRUCE WITTRIG	Director	1.00	Director	$0	$0	$0
JOAN A COX	Director	1.00	Director	$0	$0	$0
MADELEINE CROUCH	Director	1.00	Director	$0	$0	$0
JOSE LARIN	Director	1.00	Director	$0	$0	$0
CATINA PERKINS	Vice President	3.00	Officer Director	$0	$0	$0
MARK C FREUND	Director	1.00	Director	$0	$0	$0
CATHERINE TUNKS	Secretary	3.00	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
2025	No data	No data	No data	No data
2024	$557,785	$490,300	$1,405,666	$67,485
2023	$470,900	$479,423	$1,236,242	$-8,523
2022	$572,599	$450,256	$1,160,096	$122,343
2021	$474,050	$423,615	$1,108,067	$50,435
2020	$466,749	$412,367	$952,615	$54,382
2019	$568,473	$461,043	$845,447	$107,430
2018	$459,388	$413,060	$709,336	$46,328