THE TEXAS AREA FUND FOUNDATION INC

EIN: 752834546 501(c)(3)

PALESTINE, TX

Total Revenue
$46,227
Total Expenses
$158,751
Total Assets
$118,926
Net Assets
$118,926
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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
TX
Principal Officer
JACKSON HANKS
Phone
9037290158
Tax Period
2019-01-01 to 2019-12-31

THE TEXAS AREA FUND FOUNDATION INC, founded in 1999, is a micro nonprofit that reported $46K in total revenue in fiscal year 2019. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 243% operating deficit.

Mission

FUND RAISING FOR COMMUNITY PROJECTS - TO ADVANCE COMMUNITY ECONOMIC AND PUBLIC FACILITY DEVELOPMENT, AS WELL AS TO FUND PROJECTS THAT ARE CHARITABLE AND EDUCATIONAL IN NATURE.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $40,477
Program Service Revenue $0
Investment Income $1,480
Other Revenue $4,270
TOTAL REVENUE $46,227

Expense Breakdown

Grants Paid $127,191
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $127,191
Other Expenses $31,560
TOTAL EXPENSES $158,751

Year-over-Year Comparison

2019 2018 Change
Revenue $46,227 $306,561 -0.8%
Expenses $158,751 $374,709 -0.6%
Net Income $-112,524 $-68,148 +0.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKSON HANKS PRESIDENT 0.50
Officer Director
$0 $0 $0
AHNISE SUMMERS VP-DEVELOPMENT 0.50
Officer Director
$0 $0 $0
JO ELLAN WALLEY SEC-TREASURER 0.50
Officer 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
2019 $46,227 $158,751 $118,926 $-112,524
2018 $306,561 $374,709 $1,119,719 $-68,148
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