KEYSTONE-TEXAS PROPERTY HOLDING CORP C/O L&B REALTY ADVISORS LLP (EIN 752477137) - 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

1993

Legal Domicile

Principal Officer

JENNIFER A HANSON

Phone

2149890800

Tax Period

2023-01-01 to 2023-12-31

KEYSTONE-TEXAS PROPERTY HOLDING CORP C/O L&B REALTY ADVISORS LLP, founded in 1993, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 93% operating margin.

Mission

ACQUIRE REAL PROPERTY AND REMIT NET INCOME TO TAX-EXEMPT SHAREHOLDER OF THIS ORGANIZATION.

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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 $0

Program Service Revenue $1,684,062

Investment Income $681

Other Revenue $0

TOTAL REVENUE $1,684,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,096

Other Expenses $120,096

TOTAL EXPENSES $120,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,684,743	$1,676,785	+0.0%
Expenses	$120,096	$132,103	-0.1%
Net Income	$1,564,647	$1,544,682	+0.0%

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

N/A

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

Total Directors

$1,729,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J DEVINE	DIRECTOR (THRU 9/5/23)	1.00	Director	$0	$0	$358,069
WILLIAM STALTER	DIRECTOR	1.00	Director	$0	$0	$241,800
MELISSA A QUACKENBUSH	DIRECTOR (THRU 9/5/23)	1.00	Director	$0	$0	$245,740
THOMAS A BAUER	DIRECTOR (EFF 9/5/23)	1.00	Director	$0	$0	$422,888
BENJAMIN L COTTON	DIRECTOR (EFF 9/5/23)	1.00	Director	$0	$0	$461,173
DANIEL PLUMLEE	PRESIDENT & SECRETARY	4.00	Officer	$0	$0	$0
JENNIFER A HANSON	VICE PRESIDENT & TREASURER	0.20	Officer	$0	$0	$0
TERRENCE E MCCOY	VICE PRESIDENT	0.20	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	No data	No data	No data	No data
2023	$1,684,743	$120,096	$30,510,371	$1,564,647
2022	$1,676,785	$132,103	$33,045,640	$1,544,682
2021	$951,481	$119,017	$33,627,266	$832,464
2020	$613,944	No data	$33,164,769	No data

KEYSTONE-TEXAS PROPERTY HOLDING CORP C/O L&B REALTY ADVISORS LLP