THE TEXAS AREA FUND FOUNDATION INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $127,191 Revenue: $0

THE ORGANIZATION FUNDED VARIOUS COMMUNITY CHARITABLE AND EDUCATIONAL PROGRAMS AND PROJECTS APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS, INCLUDING HOPE STATION; BOY SCOUT TROOP #440; PALESTINE...

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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