TEXAS CHRISTIAN EDUCATION FOUNDATION INC (EIN 760249026) - 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

1990

Legal Domicile

Principal Officer

JONATHAN PALMQUIST

Phone

2815506060

Tax Period

2023-08-01 to 2024-07-31

TEXAS CHRISTIAN EDUCATION FOUNDATION INC, founded in 1990, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 8% 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.

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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 $37,012

Program Service Revenue $1,342,785

Investment Income $95,690

Other Revenue $10,647

TOTAL REVENUE $1,486,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $762,357

Fundraising Expenses $0

Program Expenses $1,279,095

Other Expenses $607,854

TOTAL EXPENSES $1,370,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,486,134	$1,518,444	0.0%
Expenses	$1,370,211	$1,314,615	+0.0%
Net Income	$115,923	$203,829	-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

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

$154,039

Total Directors

$154,039

Key Employees

Highest Compensated

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	$80,894	$0	$80,894
JONATHAN PALMQUIST	SECRETARY	70.00	Officer Director	$43,145	$0	$43,145
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
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

TEXAS CHRISTIAN EDUCATION FOUNDATION INC