EAST TEXAS COMMUNITIES FOUNDATION (EIN 752309138) - 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

1989

Legal Domicile

Principal Officer

Kyle L Penney

Phone

9035330208

Tax Period

2023-01-01 to 2023-12-31

EAST TEXAS COMMUNITIES FOUNDATION, founded in 1989, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $16.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $15.7M left a modest 4% surplus.

Mission

Philanthropy builds community and changes lives. East Texas Communities Foundation supports philanthropy by offering simple ways for donors to achieve their charitable goals. ETCF manages and distributes charitable funds including scholarships, endowments, designated and donor-advised funds.

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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 $10,827,417

Program Service Revenue $0

Investment Income $5,482,322

Other Revenue $179,497

TOTAL REVENUE $16,489,236

Expense Breakdown

Grants Paid $13,879,670

Salaries & Benefits $773,083

Fundraising Expenses $325,264

Program Expenses $15,225,600

Other Expenses $1,096,918

TOTAL EXPENSES $15,749,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,489,236	$14,270,368	+0.2%
Expenses	$15,749,671	$13,956,400	+0.1%
Net Income	$739,565	$313,968	+1.4%

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

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

$214,821

Total Directors

$214,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kyle L Penney	President	40.00	Officer Director	$208,829	$5,992	$214,821
Marvin L Sneed	Finance Director	40.00		$131,805	$3,615	$135,420
Rick Allen	Director	1.00	Director	$0	$0	$0
Robert Bailes	Director	1.00	Director	$0	$0	$0
Garnett Brookshire	Director	1.00	Director	$0	$0	$0
Shannon Dacus	Director	1.00	Director	$0	$0	$0
Barbara Bass	V Chr/Govn Chr	1.00	Officer Director	$0	$0	$0
Peter Boyd	Director	1.00	Director	$0	$0	$0
Scott Terry	Invest Chair	1.00	Director	$0	$0	$0
Toby Fails	Director	1.00	Director	$0	$0	$0
Jay Ferguson	Sppt/Eval Chair	1.00	Director	$0	$0	$0
Craig Adams	Director	1.00	Director	$0	$0	$0
Mark Hagan	Mktg/Dev Chair	1.00	Director	$0	$0	$0
Richard Perryman	Audit Chair	1.00	Director	$0	$0	$0
Dirk Coleman	Director	1.00	Director	$0	$0	$0
Lonny Uzzell	Director	1.00	Director	$0	$0	$0
Alan Roseman	Director	1.00	Director	$0	$0	$0
Lee Gearheart	Director	1.00	Director	$0	$0	$0
Shannon Glenney	Chairman	1.00	Officer Director	$0	$0	$0
Steve Roosth	Director	1.00	Director	$0	$0	$0
Douglas G Bolles	Director	1.00	Director	$0	$0	$0
Bill Newburn	Director	1.00	Director	$0	$0	$0
Steve Spitzer	Director	1.00	Director	$0	$0	$0
Kris Gusa	Director	1.00	Director	$0	$0	$0
Kim Wright	Director	1.00	Director	$0	$0	$0
John Jones	Treasurer	1.00	Officer Director	$0	$0	$0
David McWhorter	Director	1.00	Director	$0	$0	$0
Tiffany Kirgan	Past Chairman	1.00	Officer Director	$0	$0	$0
Jeff Moore	Director	1.00	Director	$0	$0	$0
Greg Kimmel	Director	1.00	Director	$0	$0	$0
Anthony Brooks	Grants Chair	1.00	Director	$0	$0	$0
Mark Whatley	Policy Chair	1.00	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	No data	No data	No data	No data
2023	$16,489,236	$15,749,671	$126,676,238	$739,565
2022	$14,270,368	$13,956,400	$115,734,641	$313,968
2021	$26,912,059	$15,245,166	$137,619,988	$11,666,893
2020	$18,289,005	$10,514,548	$125,082,802	$7,774,457
2019	$15,175,373	$13,664,158	$110,151,335	$1,511,215
2018	$30,204,740	$16,230,822	$96,373,102	$13,973,918

EAST TEXAS COMMUNITIES FOUNDATION