The Matagorda Bay Foundation

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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

1995

Legal Domicile

Principal Officer

Jim Blackburn

Phone

7135241012

Tax Period

2024-01-01 to 2024-12-31

The Matagorda Bay Foundation, founded in 1995, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

MBF strives to ensure vital ecosystems of coastal central Texas remain thriving and resilient for generations through collaboration, education, advocacy and innovative conservation practices.

Program Service Accomplishments

Program 1

Expenses: $356,548

The Matagorda Bay Bathymetry Study is a comprehensive effort to map and characterize the bay bottom of West Matagorda Bay with a focus on areas not yet surveyed. The Bay is home to some of the most ecologically vital nursery habitats along the Texas Gulf Coast. Its reefs, wetlands, and open bay areas support an intricate food web, from plankton to redfish, sea turtles, and shorebirds, all the way to people who rely on these waters for recreation, sustenance and economic livelihood. The bathymetric survey enables scientists and decision-makers to prioritize areas for protection, restoration and sustainable use.

Program 2

Expenses: $204,615

The Oliver Point Project is a vital initiative to restore and protect over 700 acres of estuarine tidal marsh and shallow bay habitats, along with nearly 50 acres of oyster reef habitat. Located just south of Palacios, Texas at the confluence of Tres Palacios and Matagorda Bays, this area showcases a rich diversity of estuarine environments. The project seeks to rehabilitate these critical habitats and safeguard the nesting and foraging grounds for various bird species such as Black Skimmers, American Oystercatchers, Brown Pelicans, terns, gulls and coastal wading birds. By implementing shoreline protections and restoring oyster reefs, water quality is enhanced, erosion is reduced, and the resilience of the coastal ecosytem is bolstered.

Program 3

Expenses: $413,238

MBF has several projects and initiatives that include: advancing a living shoreline at Redfish Lake to stabilize the area and reduce habitat losses, developing programs to improve conservation...

MBF has several projects and initiatives that include: advancing a living shoreline at Redfish Lake to stabilize the area and reduce habitat losses, developing programs to improve conservation planning, public awareness and science-backed information to protect the Colorado-Lavaca Estuary including West Matagorda Bay, protecting the LCRA Nature Park dune system on Matagorda Beach which is a nesting habitat for coastal birds and supporting a nursery development at Turtle Creek to aid the growth and establishment of coastal aquatic plants, creation of wetlands, and produce over 30,000 plants for habitat restoration.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,105,228

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,105,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,734

Fundraising Expenses $1,732

Program Expenses $974,401

Other Expenses $793,630

TOTAL EXPENSES $1,042,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,105,228	$512,881	+1.2%
Expenses	$1,042,364	$527,521	+1.0%
Net Income	$62,864	$-14,640	-5.3%

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

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

$97,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Blackburn	President	2.50	Officer Director	$0	$0	$0
Fred Beck	Treasurer	2.00	Officer Director	$0	$0	$0
Al Garrison	Director	2.50	Director	$0	$0	$0
Hasty Johnson	Director	2.00	Director	$0	$0	$0
Roger Soape	Director	2.50	Director	$0	$0	$0
Donny Tran	Director	2.00	Director	$0	$0	$0
William Balboa	Executive Director	40.00	Officer	$97,917	$0	$97,917

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	$1,105,228	$1,042,364	$249,584	$62,864