TRINITY SCHOOL OF TEXASINC (EIN 756004795) - Form 990 Financial Analysis & Trantor Score

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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

1957

Legal Domicile

Principal Officer

CLAY ABERNATHY

Phone

9037530612

Tax Period

2023-07-01 to 2024-06-30

TRINITY SCHOOL OF TEXASINC, founded in 1957, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023.

Mission

TRINITY SCHOOL OF TEXAS SUCCESSFULLY PREPARES STUDENTS FOR COLLEGE AND BEYOND IN A JOYFUL, SPIRITUAL ENVIRONMENT. OUR GRADUATES WILL ATTAIN ACADEMIC EXCELLENCE, EMBRACE DIVERSITY, DEMONSTRATE INTELLECTUAL CURIOSITY, APPRECIATE THE ARTS, VALUE PHYSICAL WELL-BEING, SERVE THEIR COMMUNITY, AND EXEMPLIFY CHRISTIAN LIVING.

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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 $838,799

Program Service Revenue $3,253,947

Investment Income $172,388

Other Revenue $-166,618

TOTAL REVENUE $4,098,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,045,088

Fundraising Expenses $101,140

Program Expenses $3,465,864

Other Expenses $1,129,860

TOTAL EXPENSES $4,174,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,098,516	$3,854,672	+0.1%
Expenses	$4,174,948	$3,984,876	+0.0%
Net Income	$-76,432	$-130,204	-0.4%

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

$114,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY VERHALEN	HEAD OF SCHOOL	40.00	Officer	$61,886	$1,920	$63,806
MELISSA MCCREARY	FRMR HEAD OF SC	55.00	Officer	$49,698	$1,280	$50,978
CLAY ABERNATHY	President	2.00	Officer Director	$0	$0	$0
WILL COURINGTON	Treasurer	2.00	Officer Director	$0	$0	$0
VANCE FREEMAN	Trustee	2.00	Director	$0	$0	$0
PHYLLIS JOLLEY	Trustee	2.00	Director	$0	$0	$0
RACHEL SCHULTZ	Trustee	2.00	Director	$0	$0	$0
REV DR BILL CARROLL	Chairman	2.00	Officer Director	$0	$0	$0
CHRISTY CRAVEY	Secretary	2.00	Officer Director	$0	$0	$0
DAVID HOUSTON	Vice President	2.00	Officer Director	$0	$0	$0
JULIAYN HABLINSKI	Trustee	2.00	Director	$0	$0	$0
CHERRY SIKES	Trustee	2.00	Director	$0	$0	$0
GREG JONES	Trustee	2.00	Director	$0	$0	$0
JOHN MARTIN	Trustee	2.00	Director	$0	$0	$0
KRISTI SHERMAN	Trustee	2.00	Director	$0	$0	$0
LAINEY STEVENS	Trustee	2.00	Director	$0	$0	$0
NAT MANN	Trustee	2.00	Director	$0	$0	$0
NEINA KENNEDY	Trustee	2.00	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
2025	No data	No data	No data	No data
2024	$4,098,516	$4,174,948	$6,294,720	$-76,432
2023	$3,854,672	$3,984,876	$6,368,002	$-130,204
2022	$5,572,402	$3,867,551	$6,378,137	$1,704,851
2021	$3,908,583	$3,687,412	$5,400,373	$221,171
2020	$3,622,574	$3,719,678	$4,829,039	$-97,104
2019	$4,160,253	$3,685,662	$4,792,991	$474,591

TRINITY SCHOOL OF TEXASINC