THE EDUCATION FOUNDATION OF HARRIS… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

MICHAEL PARKS

Phone

7136968298

Tax Period

2023-09-01 to 2024-08-31

THE EDUCATION FOUNDATION OF HARRIS CNTY, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $437K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $963K exceeded revenue, resulting in a 120% operating deficit.

Mission

CREATE OPPORTUNITIES FOR ALL CHILDREN BY PROMOTING THE VISION THAT EVERY CHILD CAN LEARN AND SUCCEED GIVEN OPPORTUNITY AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $200,261

AFTER SCHOOL INITIATIVE - AN ONGOING COLLABORATION BETWEEN THE EDUCATION FOUNDATION HARRIS CO. AND THE COOPERATIVE FOR AFTER-SCHOOL ENRICHMENT (CASE), A DIVISION OF THE HARRIS CO. DEPT OF EDUCATION, TO PROVIDE A MEANS OF PLACING INNOVATIVE AFTER-SCHOOL PROGRAMS IN HARRIS CO. PUBLIC SCHOOLS.

Program 2

Expenses: $429,403

PARTNERS IN EDUCATION PROJECT - CONSISTS OF THREE PROGRAMS INCLUDING GRANTS, SCHOLARSHIPS AND SPONSORSHIPS. THE THREE PROGRAMS ARE DESIGNED TO BENEFIT THE STUDENTS AND EDUCATORS ACROSS THE 25...

PARTNERS IN EDUCATION PROJECT - CONSISTS OF THREE PROGRAMS INCLUDING GRANTS, SCHOLARSHIPS AND SPONSORSHIPS. THE THREE PROGRAMS ARE DESIGNED TO BENEFIT THE STUDENTS AND EDUCATORS ACROSS THE 25 INDEPENDENT SCHOOL DISTRICTS OF HARRIS COUNTY.

Program 3

Expenses: $9,400

HEADSTART - PRESCHOOL CHILDREN FROM LOW-INCOME FAMILIES PARTICIPATE IN A VARIETY OF EDUCATIONAL ACTIVITIES AND RECEIVE FREE VISION, HEARING, NUTRITION AND DEVELOPMENTAL SCREENING. THIS PROGRAM...

HEADSTART - PRESCHOOL CHILDREN FROM LOW-INCOME FAMILIES PARTICIPATE IN A VARIETY OF EDUCATIONAL ACTIVITIES AND RECEIVE FREE VISION, HEARING, NUTRITION AND DEVELOPMENTAL SCREENING. THIS PROGRAM PROVIDES THESE CHILDREN WITH HEALTHY MEALS AND SNACKS, AND CREATES AN ENVIRONMENT FOR CHILDREN TO PLAY INDOOR AND OUTDOOR ACTIVITIES IN A HEALTHY SETTING.

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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 $437,086

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $437,086

Expense Breakdown

Grants Paid $813,660

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $813,660

Other Expenses $149,028

TOTAL EXPENSES $962,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,086	$1,099,389	-0.6%
Expenses	$962,688	$800,945	+0.2%
Net Income	$-525,602	$298,444	-2.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN DAVID	CHAIR	0.15	Officer Director	$0	$0	$0
KIMBERLY PECK	TREASURER	0.15	Officer Director	$0	$0	$0
PATRICK JOYCE	SECRETARY	0.15	Officer Director	$0	$0	$0
MELISSA NORIEGA	DIRECTOR	0.15	Director	$0	$0	$0
MICHAEL PARKS	DIRECTOR	0.15	Director	$0	$0	$0
LYNDSEY RAY	DIRECTOR	0.15	Director	$0	$0	$0
GINA FELTON	DIRECTOR	0.15	Director	$0	$0	$0
JAMES COLBERT JR	EX-OFFICIO DIRECTOR	0.15	Director	$0	$0	$0
RICHARD CANTU	EX-OFFICIO DIRECTOR	0.15	Director	$0	$0	$0
AMY HINOJOSA	EX-OFFICIO DIRECTOR	0.15	Director	$0	$0	$0
ANDREA DUHON	EX-OFFICIO DIRECTOR	0.15	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	No data	No data	No data	No data
2024	$437,086	$962,688	$452,741	$-525,602
2023	$1,099,389	$800,945	$811,309	$298,444
2022	$730,829	$711,896	$479,457	$18,933
2021	$27,214	$648,163	$460,524	$-620,949
2020	$1,030,078	$101,853	$1,081,473	$928,225
2019	$221,078	$149,459	$153,248	$71,619
2018	$188,029	$201,976	$92,562	$-13,947

THE EDUCATION FOUNDATION OF HARRIS CNTY