TEXAS CHRISTIAN EDUCATION FOUNDATION INC

EIN: 760249026 501(c)(3)

HOUSTON, TX

Total Revenue
$1,641,980
Total Expenses
$1,501,086
Total Assets
$4,209,784
Net Assets
$4,209,784
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TX
Principal Officer
JONATHAN PALMQUIST
Phone
2815506060
Tax Period
2024-08-01 to 2025-07-31

TEXAS CHRISTIAN EDUCATION FOUNDATION INC, founded in 1990, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 9% surplus.

Mission

THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF PROVIDING THE OPPORTUNITY FOR A QUALITY CHRISTIAN EDUCATION AND STRIVES FOR EXCELLENCE IN ACADEMIC, PHYSICAL, SPIRITUAL, AND SOCIAL DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $1,430,804 Revenue: $1,585,958

SCHOOL ACTIVITY

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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 $45,020
Program Service Revenue $1,504,377
Investment Income $81,581
Other Revenue $11,002
TOTAL REVENUE $1,641,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $752,899
Fundraising Expenses $0
Program Expenses $1,430,804
Other Expenses $748,187
TOTAL EXPENSES $1,501,086

Year-over-Year Comparison

2024 2023 Change
Revenue $1,641,980 $1,486,134 +0.1%
Expenses $1,501,086 $1,370,211 +0.1%
Net Income $140,894 $115,923 +0.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
21
Volunteers
N/A

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
3
$152,413
Total Directors
7
$152,413
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HJ PALMQUIST PRES 70.00
Officer Director
$30,000 $0 $30,000
BECKIE SOLIZ EXECUTIVE DIRECTOR 70.00
Officer Director
$79,873 $0 $79,873
JONATHAN PALMQUIST SECRETARY 70.00
Officer Director
$42,540 $0 $42,540
JOE ELIESSI BOARD 2.00
Director
$0 $0 $0
PHILIP SOLIZ BOARD 2.00
Director
$0 $0 $0
TREVAR WACHSMANN BOARD 2.00
Director
$0 $0 $0
CADE TUCKER BOARD 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 $1,641,980 $1,501,086 $4,209,784 $140,894
2024 $1,486,134 $1,370,211 $4,068,890 $115,923
2023 $1,518,444 $1,314,615 $3,952,967 $203,829
2022 $1,736,805 $1,274,747 $3,749,138 $462,058
2021 $1,666,291 $1,235,904 $3,507,628 $430,387
2020 $1,397,813 $1,587,504 $3,061,693 $-189,691
2019 $1,666,776 $1,743,373 $3,046,384 $-76,597
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