TEXO FOUNDATION (EIN 752255527) - 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

1988

Legal Domicile

Principal Officer

MELONI RANEY

Phone

9726470697

Tax Period

2024-01-01 to 2024-12-31

TEXO FOUNDATION, founded in 1988, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 389% from the prior year, signaling strong growth momentum. The organization ran a surplus of $967K, a strong 74% operating margin.

Mission

WE DEVELOP INNOVATIVE PROGRAMS, PROVIDE SCHOLARSHIPS, OFFER EDUCATION GRANTS, WHICH SUPPORT THE CONSTRUCTION EDUCATION COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,283,894

Program Service Revenue $6,400

Investment Income $37,116

Other Revenue $-15,058

TOTAL REVENUE $1,312,352

Expense Breakdown

Grants Paid $76,141

Salaries & Benefits $174,843

Fundraising Expenses $58,281

Program Expenses $146,009

Other Expenses $94,163

TOTAL EXPENSES $345,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,312,352	$268,393	+3.9%
Expenses	$345,147	$291,692	+0.2%
Net Income	$967,205	$-23,299	-42.5%

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

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

$387,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELONI RANEY	PRESIDENT/CEO	8.0	Officer	$0	$18,552	$297,832
TODD HOLTZ	VP OF OPERATIONS	1.0	Highest	$0	$16,835	$199,203
ASHLYN SMITH	VP OF MEMBER PROGRAMS AND SERV	2.0	Highest	$0	$19,686	$153,937
LARINDA SMITH	TEXO FDN MANAGER	40.0	Officer	$85,734	$4,207	$89,941
KYLE PACHECO	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
TERRI GABER	CHAIR	1.0	Officer Director	$0	$0	$0
BRENT GUICE	DIRECTOR	1.0	Director	$0	$0	$0
GRADLIN FRANKS	DIRECTOR	1.0	Director	$0	$0	$0
KOLBY MAY	DIRECTOR	1.0	Director	$0	$0	$0
LOGAN HARPER	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL GARZA	INCOMING CHAIR	1.0	Officer Director	$0	$0	$0
JEFF POSTELL	DIRECTOR	1.0	Director	$0	$0	$0
KATAYOUN MOKHTARZADEH	SECRETARY/TREASURER	1.0	Officer	$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	$1,312,352	$345,147	$2,254,690	$967,205
2023	$268,393	$291,692	$1,228,559	$-23,299
2022	$117,617	$160,474	$1,220,630	$-42,857
2021	$216,253	$186,791	$1,796,877	$29,462
2020	$136,916	$155,307	$1,784,944	$-18,391
2019	$167,246	$180,946	$1,380,978	$-13,700

TEXO FOUNDATION