TFOC Incorporated

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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

Keith Reagan

Phone

9365396009

Tax Period

2023-01-01 to 2023-12-31

TFOC Incorporated, founded in 1990, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $732K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

Promote the welfare and well being of the citizens of Conroe, Texas and provide scholarships and donations to local students and other non-profit organizations.

Program Service Accomplishments

Program 1

Expenses: $688,626 Revenue: $635,488

Promote the welfare and well being of citizens of Conroe, TX and surrounding communities and to provide scholarships and donations to local students and other nonprofits

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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 $20,930

Program Service Revenue $649,078

Investment Income $4,369

Other Revenue $57,141

TOTAL REVENUE $731,518

Expense Breakdown

Grants Paid $83,137

Salaries & Benefits $40,320

Fundraising Expenses $3,814

Program Expenses $688,626

Other Expenses $660,086

TOTAL EXPENSES $783,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$731,518	$884,625	-0.2%
Expenses	$783,543	$717,341	+0.1%
Net Income	$-52,025	$167,284	-1.3%

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

200

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
Keith Regan	President	N/A	Officer	$0	$0	$0
Jodi Willard	Vice President	N/A	Officer	$0	$0	$0
Tammy Gracey	Treasurer	N/A	Officer	$0	$0	$0
Sheri Pelton	Secretary	N/A	Officer	$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	No data	No data	No data	No data
2023	$731,518	$783,543	$983,224	$-52,025
2022	$884,625	$717,341	$989,110	$167,284
2021	$944,558	$685,109	$839,864	$259,449
2020	$662,689	$541,223	$562,855	$121,466
2019	$601,598	$660,239	$439,851	$-58,641
2018	$698,654	$692,867	$494,614	$5,787