TEXAS SHAKESPEARE FESTIVAL FOUNDAT… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

MIKE STARR

Phone

9035764017

Tax Period

2024-09-01 to 2025-08-31

TEXAS SHAKESPEARE FESTIVAL FOUNDATION, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $321K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $61K, a strong 19% operating margin.

Mission

THE MISSION OF THE TEXAS SHAKESPEARE FESTIVAL FOUNDATION IS SOLELY TO SUPPORT THE KILGORE COLLEGE - TEXAS SHAKESPEARE FESTIVAL.

Program Service Accomplishments

Program 1

Expenses: $233,514

TFS FOUNDATION GIVES SUPPORT TO KILGORE COLLEGE SO THAT IT MIGHT HAVE THE TEXAS SHAKESPEARE FESTIVAL EACH SUMMER. KILGORE COLLEGE HIRES PROFESSIONAL ACTORS TO PERFORM SHAKESPEARE PLAYS AND OTHER...

TFS FOUNDATION GIVES SUPPORT TO KILGORE COLLEGE SO THAT IT MIGHT HAVE THE TEXAS SHAKESPEARE FESTIVAL EACH SUMMER. KILGORE COLLEGE HIRES PROFESSIONAL ACTORS TO PERFORM SHAKESPEARE PLAYS AND OTHER PLAYS FOR THE PUBLIC DURING THE MONTH OF JULY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $311,854

Program Service Revenue $0

Investment Income $8,839

Other Revenue $0

TOTAL REVENUE $320,693

Expense Breakdown

Grants Paid $198,524

Salaries & Benefits $1,350

Fundraising Expenses $16,668

Program Expenses $233,514

Other Expenses $57,603

TOTAL EXPENSES $259,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,693	$350,722	-0.1%
Expenses	$259,977	$208,557	+0.2%
Net Income	$60,716	$142,165	-0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN GROCE	SECRETARY	0.00	Officer Director	$0	$0	$0
LINDA CRAIG	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MIKE STARR	PRESIDENT	2.00	Officer	$0	$0	$0
MELISSA DECARLO	DIR OF DONOR RELATIONS	0.00	Officer	$0	$0	$0
MATTHEW SIMPSON	GRANT WRITER	0.00	Highest	$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	$320,693	$259,977	$546,891	$60,716
2024	$350,722	$208,557	$770,847	$142,165
2022	$334,955	$352,753	$537,652	$-17,798
2021	$402,028	$308,695	$556,087	$93,333

TEXAS SHAKESPEARE FESTIVAL FOUNDATION