TEXAS FOUNDATION FOR EDUCATIONAL ADVANCEMENT INC dba THE DA VINCI SCHOOL (EIN 752185073) - 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

1987

Legal Domicile

Principal Officer

SUSAN WHITENACK

Phone

2143739504

Tax Period

2023-09-01 to 2024-08-31

TEXAS FOUNDATION FOR EDUCATIONAL ADVANCEMENT INC dba THE DA VINCI SCHOOL, founded in 1987, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 10% surplus.

Mission

SCHOOL'S MISSION IS TO HELP ESTABLISH BASIC SKILLS THROUGH TEACHING METHODS THAT ENHANCE A CHILD'S JOY IN LEARNING, ABILITY TO LEARN, AND INTEREST IN LEARNING WHILE FOSTERING THE CHILD'S SELF-CONFIDENCE.

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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 $549,577

Program Service Revenue $3,027,216

Investment Income $137,931

Other Revenue $0

TOTAL REVENUE $3,714,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,190,903

Fundraising Expenses $155,142

Program Expenses $2,807,061

Other Expenses $1,152,279

TOTAL EXPENSES $3,343,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,714,724	$3,134,060	+0.2%
Expenses	$3,343,182	$3,012,261	+0.1%
Net Income	$371,542	$121,799	+2.1%

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

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

$124,132

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN WHITENACK	President	40.00	Officer	$124,132	$0	$124,132
MARY ANN GREENE	Director	2.00	Director	$60,000	$0	$60,000
MEREDITH WALLANCE-PART YEAR	BOARD CHAIR	5.00	Director	$0	$0	$0
AMY MUELLER	Secretary	2.00	Director	$0	$0	$0
MARK PLUNKETT	PAST CHAIR	2.00	Director	$0	$0	$0
PIPER BEAL	Director	2.00	Director	$0	$0	$0
RUTH BURKE	Director	2.00	Director	$0	$0	$0
JANET GOOD - PART YEAR	Treasurer	5.00	Director	$0	$0	$0
ANTAL DESAI	Director	2.00	Director	$0	$0	$0
AUBREY LABANOWSKI - PART YEAR	BOARD CHAIR	2.00	Director	$0	$0	$0
DON MILLER	Director	2.00	Director	$0	$0	$0
MOLLY SEELIGSON	BOARD ADVISOR	2.00	Director	$0	$0	$0
STEPHANIE STOUTNER	Director	2.00	Director	$0	$0	$0
GAVIN SUSMAN	Director	2.00	Director	$0	$0	$0
JACQUES VROOM	Director	2.00	Director	$0	$0	$0
KATHRYN LAKE - PART YEAR	Director	2.00	Director	$0	$0	$0
ALAN HARTMAN - PART YEAR	Treasurer	5.00	Director	$0	$0	$0
MARY FRANCES KEARNEY - PART YE	Director	2.00	Director	$0	$0	$0
KEN MOORE - PART YEAR	Director	2.00	Director	$0	$0	$0
SCOTT WALLACE - PART YEAR	Director	2.00	Director	$0	$0	$0
JESSICA TRAN - PART YEAR	Director	2.00	Director	$0	$0	$0
ANDREW CRYER - PART YEAR	Director	2.00	Director	$0	$0	$0
ASHLEY SAMBRANO - PART YEAR	Director	2.00	Director	$0	$0	$0
CHRIS STOREY - PART YEAR	Director	2.00	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	$3,714,724	$3,343,182	$13,004,246	$371,542
2023	$3,134,060	$3,012,261	$12,430,861	$121,799
2022	$3,881,910	$2,684,053	$12,384,430	$1,197,857
2021	$2,799,968	$2,696,202	$12,484,732	$103,766
2020	$2,772,013	$2,737,456	$12,511,954	$34,557
2019	$2,664,320	$2,499,922	$13,664,871	$164,398
2018	$2,810,528	$2,287,610	$13,212,648	$522,918

TEXAS FOUNDATION FOR EDUCATIONAL ADVANCEMENT INC dba THE DA VINCI SCHOOL