FORT CHADBOURNE FOUNDATION

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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

1999

Legal Domicile

Principal Officer

LANA RICHARDS

Phone

3257432555

Tax Period

2023-01-01 to 2023-12-31

FORT CHADBOURNE FOUNDATION, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $395K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $374K left a modest 5% surplus.

Mission

TO PROTECT AND PRESERVE THE HISTORIC FORT CHADBOURNE SITE FOR THE BENEFIT OF THE PUBLIC FOR CULTURAL AND EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $272,466

FORT CHADBOURNE FDN INITIATED PROGRAMS TO RAISE FUNDS TO PRESERVE & RESTORE THIS HISTORIC SITE FOR THE PUBLIC. THE STABILIZATION PROJECT AND THE RESTORATION AND REBUILDING OF THE FORT BUILDINGS...

FORT CHADBOURNE FDN INITIATED PROGRAMS TO RAISE FUNDS TO PRESERVE & RESTORE THIS HISTORIC SITE FOR THE PUBLIC. THE STABILIZATION PROJECT AND THE RESTORATION AND REBUILDING OF THE FORT BUILDINGS CONTINUES. THE FORT AND ITS MUSEUM/VISITOR CENTER ARE OPEN TO THE PUBLIC FREE OF CHARGE TO INCREASE AWARENESS & EDUCATE. LOCAL AND AREA SCHOOLS, GROUPS SUCH AS 4H, JROTC, BOY AND GIRL SCOUTS ARE ENCOURAGED TO VISIT THE MUSEUM FOR FIELD TRIPS WHICH INCLUDES HANDS-ON TOURS. IT IS ALSO OPEN TO SENIOR CITIZEN GROUPS, CHURCH GROUPS, CLUBS AND TOUR BUSES.

Program 2

FCF HAS A COLLECTION OF MEDALS OF HONOR AS PART OF ITS MILITARY HISTORY PROGRAM. THE FCF HOST AN ANNUAL "EVENING WITH A HERO" MEDAL OF HONOR DINNER EACH MAY. A MEDAL OF HONOR RECIPIENT IS PRESENT TO MEET AND GREET, AND SPEAK TO MANY OF THE LOCAL AND AREA VETERANS. ACTIVE MILITARY IS INVITED FROM LOCAL BASES. FIRST RESPONDERS ATTEND AND THE EVENT IS A THANK YOU TO ALL THE MILITARY AND VETERANS. THE EVENT INCLUDES MEETING THE RECIPIENT ALONG WITH DINNER. IT IS THE ONLY MEDAL OF HONOR EVENT OF ITS KIND IN THIS AREA.

Program 3

FCF HERSHEL WOODY WILLIAMS MEDAL OF HONOR GOLD STAR FAMILY MEMORIAL MONUMENT WAS BUILT ON SITE TO HONOR THE FAMILIES WHO HAVE LOST A LOVED ONE WHILE SERVING OUR COUNTRY. IT STANDS NEAR THE ENTRANCE OF THE FCF MUSEUM AND IS AVAILABLE FOR VIEWING DURING OPERATIONAL HOURS. FCF WAS INSTRUMENTAL IN RAISING MONEY TO GET SIGNAGE AND A DESIGNATION FOR A GOLD STAR MEMORIAL HIGHWAY THRU TEXAS DOT FROM BRONTE, TX TO HISTORIC FORT CHADBOURNE TO HONOR OUR GOLD STAR FAMILIES.

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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 $240,276

Program Service Revenue $0

Investment Income $114,183

Other Revenue $40,874

TOTAL REVENUE $395,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,484

Fundraising Expenses $3,746

Program Expenses $272,466

Other Expenses $231,528

TOTAL EXPENSES $374,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,333	$1,034,844	-0.6%
Expenses	$374,012	$344,504	+0.1%
Net Income	$21,321	$690,340	-1.0%

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

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

$42,830

Total Directors

$88,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY GILL	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH A PATE	DIRECTOR	40.00	Director	$45,510	$0	$45,510
TOM PERINI	DIRECTOR	0.50	Director	$0	$0	$0
GARLAND RICHARDS	PRESIDENT	40.00	Officer Director	$0	$0	$0
LANA RICHARDS	SEC/TREAS	40.00	Officer Director	$42,830	$0	$42,830
SEPTEMBER DANIEL	DIRECTOR	0.50	Director	$0	$0	$0
DAVE CARTER	DIRECTOR	0.50	Director	$0	$0	$0
BEVERLY REEVES	DIRECTOR	0.50	Director	$0	$0	$0
GAY FRAZER	DIRECTOR	0.50	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	$395,333	$374,012	$8,405,810	$21,321
2022	$1,034,844	$344,504	$8,299,238	$690,340
2021	$659,196	$320,028	$7,848,849	$339,168
2020	$1,262,891	$290,755	$7,461,435	$972,136
2019	$422,790	$389,275	$6,588,854	$33,515
2018	$454,050	$419,348	$6,435,912	$34,702