North Texas Rehabilitation Foundation (EIN 756065860) - 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

1968

Legal Domicile

Principal Officer

Stephen A Reno Gustafs

Phone

9403220771

Tax Period

2023-09-01 to 2024-08-31

North Texas Rehabilitation Foundation, founded in 1968, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 684% from the prior year, signaling strong growth momentum. The organization ran a surplus of $458K, a strong 29% operating margin.

Mission

The North Texas Rehabilitation Foundation is organized for the purpose of receiving gifts and grants of money and property to be used exclusively to provide necessary funds for the operation and maintenance of North Texas Rehabilitation Center, Inc. which is exempt under Section 501(c)(3).

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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 $410,339

Program Service Revenue $0

Investment Income $1,149,431

Other Revenue $9,215

TOTAL REVENUE $1,568,985

Expense Breakdown

Grants Paid $1,050,178

Salaries & Benefits $0

Fundraising Expenses $44,424

Program Expenses $1,050,178

Other Expenses $61,284

TOTAL EXPENSES $1,111,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,568,985	$200,124	+6.8%
Expenses	$1,111,462	$732,629	+0.5%
Net Income	$457,523	$-532,505	-1.9%

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

$124,406

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Reno Gustafson	President	1.00	Officer Director	$0	$0	$0
Bryant Medders	Vice-President	1.00	Officer Director	$0	$0	$0
Lola Pitzer	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Darrell Coleman	Director	1.00	Director	$0	$0	$0
Joe Parker Jr	Director	1.00	Director	$0	$0	$0
Wilson Scaling	Director	1.00	Director	$0	$0	$0
Joe Bauer	Director	1.00	Director	$0	$0	$0
Lewis Farmer	Director	1.00	Director	$0	$0	$0
Tom Stephens	Director	1.00	Director	$0	$0	$0
Max Vordenbaum	Director	1.00	Director	$0	$0	$0
Brent Hillery	Director	1.00	Director	$0	$0	$0
Lauren Johnson	Director	1.00	Director	$0	$0	$0
Craig Reynolds	Director	1.00	Director	$0	$0	$0
Dale Harvey	Director	1.00	Director	$0	$0	$0
Sandra Ross	Ex-Officio	1.00	Director	$0	$2,874	$124,406

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	$1,568,985	$1,111,462	$26,096,598	$457,523
2023	$200,124	$732,629	$22,209,230	$-532,505
2022	$945,139	$429,887	$20,218,095	$515,252
2021	$6,062,404	$60,042	$22,322,521	$6,002,362
2020	$326,952	$894,428	$13,082,564	$-567,476
2019	$604,745	$880,478	$12,797,240	$-275,733
2018	$1,631,177	$1,306,975	$12,704,714	$324,202

North Texas Rehabilitation Foundation