FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES

EIN: 752920875 501(c)(3) Human Services

FORT WORTH, TX

Total Revenue
$7,763,695
Total Expenses
$4,173,286
Total Assets
$47,994,067
Net Assets
$47,994,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
CAROL KLOCEK
Phone
8173326191
Tax Period
2024-09-01 to 2025-08-31

FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES, founded in 2000, is a community nonprofit in the Human Services sector that reported $7.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $3.6M, a strong 46% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO HOLD, MANAGE, SOLICIT, RECEIVE, ADMINISTER AND INVEST ASSETS FOR THE EXCLUSIVE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES.

Program Service Accomplishments

Program 1
Expenses: $3,183,263

SUPPORT OF THE CENTER FOR TRANSFORMING LIVES - IN ACCORDANCE WITH ITS MISSION TO HOLD, MANAGE AND INVEST ASSETS FOR THE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES, THE FOUNDATION FOR...

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SUPPORT OF THE CENTER FOR TRANSFORMING LIVES - IN ACCORDANCE WITH ITS MISSION TO HOLD, MANAGE AND INVEST ASSETS FOR THE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES, THE FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES PROVIDED CONTRIBUTIONS TO THE CENTER FOR TRANSFORMING LIVES, WHICH USED THAT FUNDING IN ITS MISSION TO TRANSFORM THE LIVES OF WOMEN AND CHILDREN IN POVERTY. PROGRAMS INCLUDE HOUSING SERVICES, EARLY CHILDHOOD EDUCATION, ECONOMIC MOBILITY SERVICES, AND CLINICAL COUNSELING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $201,512
Other Revenue $7,562,183
TOTAL REVENUE $7,763,695

Expense Breakdown

Grants Paid $3,183,263
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,183,263
Other Expenses $990,023
TOTAL EXPENSES $4,173,286

Year-over-Year Comparison

2024 2023 Change
Revenue $7,763,695 $8,654,571 -0.1%
Expenses $4,173,286 $3,489,706 +0.2%
Net Income $3,590,409 $5,164,865 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
5
$631,583
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT DAVIDSON MEMBER 1.00
Director
$0 $0 $0
GEORGE GRAU MEMBER 1.00
Director
$0 $0 $0
SANDI IACABUCCI MEMBER 1.00
Director
$0 $0 $0
ROBERT KREBS MEMBER 1.00
Director
$0 $0 $0
CAROLINE CRANZ MEMBER 1.00
Director
$0 $0 $0
KYLE BORRELLO PRESIDENT 1.00
Officer Director
$0 $0 $0
MEGAN TERRELL TREASURER, CHAIR-FINANCE 1.00
Officer Director
$0 $0 $0
MAXWELL LEA PAST PRESIDENT, EX-OFFICIO 1.00
Officer Director
$0 $0 $0
CAROL KLOCEK CEO 2.00
Officer
$0 $25,402 $394,056
JASON RICHARDSON CFO 2.00
Officer
$0 $29,100 $237,527
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 $7,763,695 $4,173,286 $47,994,067 $3,590,409
2024 $8,654,571 $3,489,706 $39,665,545 $5,164,865
2023 $7,109,411 $3,438,770 $29,266,311 $3,670,641
2022 $8,453,404 $5,372,141 $23,650,995 $3,081,263
2021 $3,395,767 $1,731,318 $24,854,751 $1,664,449
2020 $1,999,978 $1,882,705 $19,502,447 $117,273
2019 $2,460,654 $1,372,485 $17,515,664 $1,088,169
2018 $2,303,092 $985,901 $16,640,512 $1,317,191
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