1894 INC (EIN 760193791) - 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

1986

Legal Domicile

Phone

4097637173

Tax Period

2023-09-01 to 2024-08-31

1894 INC, founded in 1986, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Net assets of $12.7M represent 31 months of operating reserves.

Mission

TO SPONSOR AND PROMOTE CULTURAL AND EDUCATIONAL PROGRAMS AND OTHER ACTIVITIES FOR THE RESIDENTS OF GALVESTON, TEXAS AND ADJACENT COMMUNITIES, AND TO MAINTAIN AND PRESERVE THE GRAND 1894 OPERA HOUSE COMPLEX AS AN HISTORIC STRUCTURE.

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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 $2,161,901

Program Service Revenue $1,892,108

Investment Income $279,891

Other Revenue $576,855

TOTAL REVENUE $4,910,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,103,950

Fundraising Expenses $153,673

Program Expenses $4,606,182

Other Expenses $4,102,274

TOTAL EXPENSES $5,206,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,910,755	$5,137,856	0.0%
Expenses	$5,206,224	$5,095,044	+0.0%
Net Income	$-295,469	$42,812	-7.9%

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

124

Volunteers

223

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
MAUREEN M PATTON	EXECUTIVE DIRECTOR	40.00		$163,313	$0	$163,313
JAY CARNES	Director	0.75	Director	$0	$0	$0
DOUG ROGERS	Asst Treasurer	0.75	Officer Director	$0	$0	$0
SHELLEY KESSLER	Director	0.75	Director	$0	$0	$0
CORA HARPER	Director	0.75	Director	$0	$0	$0
CHARLES WORTHEN	President	0.75	Officer Director	$0	$0	$0
FRANCESCA GONZALEZ	Director	0.75	Director	$0	$0	$0
Ms PAMELA GABRIEL	Director	0.75	Director	$0	$0	$0
CAROLYN SUNSERI	Director	0.75	Director	$0	$0	$0
JAN COLLIER	Director	0.75	Director	$0	$0	$0
GINA SPAGNOLA	Director	0.75	Director	$0	$0	$0
EDIE HARRINGTON	Secretary	0.75	Officer Director	$0	$0	$0
DINAH MATTHEWS	Director	0.75	Director	$0	$0	$0
SANDY GARTMAN	Director	0.75	Director	$0	$0	$0
JAMES WOOLSEY	President-Elect	0.75	Officer Director	$0	$0	$0
VIPPI HINSON	Director	0.75	Director	$0	$0	$0
DENISE ARANGO	Director	0.75	Director	$0	$0	$0
OLIVIA SELMAN	Director	0.75	Director	$0	$0	$0
JOHN FRYE	Director	0.75	Director	$0	$0	$0
ANDREA SUNSERI	Director	0.75	Director	$0	$0	$0
TJ BATH	Director	0.75	Director	$0	$0	$0
MARY HUTTON	Director	0.75	Director	$0	$0	$0
ROBERT L K LYNCH	Director	0.75	Director	$0	$0	$0
MARGO MARKOWITZ	Director	0.75	Director	$0	$0	$0
PETER M MOORE	Director	0.75	Director	$0	$0	$0
JOHN RANDY GARCIA	Director	0.75	Director	$0	$0	$0
VICTOR PIERSON	Director	0.75	Director	$0	$0	$0
SARALYN RICHARD	President	0.75	Director	$0	$0	$0
JAMES SHAE JOBE	Treasurer	0.75	Officer Director	$0	$0	$0
CAROLYN CLYBURN	Director	0.75	Director	$0	$0	$0
ALICE O'QUIN	Director	0.75	Director	$0	$0	$0
KELLY JOHNS	Director	0.75	Director	$0	$0	$0
ROBERT EVANS	Director	0.75	Director	$0	$0	$0
HELEN KING	Director	0.75	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
2024	$4,845,323	$5,081,099	$13,670,948	$-235,776
2024	$4,910,755	$5,206,224	$13,653,805	$-295,469
2024	$4,910,755	$5,206,224	$13,653,805	$-295,469
2023	$5,137,856	$5,095,044	$13,757,993	$42,812
2023	$5,087,394	$4,949,118	$13,843,337	$138,276
2022	$5,016,192	$4,656,651	$13,546,325	$359,541
2022	$4,999,892	$4,598,744	$13,550,618	$401,148
2021	$3,797,043	$2,687,728	$14,142,746	$1,109,315
2021	$3,638,315	$2,465,186	$14,356,181	$1,173,129
2020	$3,793,268	$4,463,681	$12,137,578	$-670,413
2020	$3,782,498	$4,456,917	$12,112,277	$-674,419
2019	$4,924,298	$4,422,085	$13,331,082	$502,213
2019	$4,729,446	$4,265,025	$13,355,593	$464,421
2018	$6,805,259	$5,255,677	$13,140,786	$1,549,582

1894 INC