THIRD WARD COMMUNITY FUND MANAGEMENT CORPORATION (EIN 760516601) - 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

2016

Legal Domicile

Principal Officer

MARILYN WHITE

Phone

7135283535

Tax Period

2023-01-01 to 2023-12-31

THIRD WARD COMMUNITY FUND MANAGEMENT CORPORATION, founded in 2016, is a small nonprofit in the Human Services sector that reported $359K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 53% operating margin.

Mission

THIRD WARD COMMUNITY FUND MANAGEMENT CORPORATION (THE AGENCY) INCORPORATED AS A NON-PROFIT CORPORATION. THE AGENCY OBTAINS GOVERNMENT AND OTHER RESOURCESWHICH ARE UTILIZED FOR PROGRAMS TO PROVIDE SOCIAL SERVICES TO THE LOCAL COMMUNITY. THE EXEMPTION BECAME EFFECTIVE FEBRUARY 25, 2016

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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 $358,643

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $358,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,162

Other Expenses $169,750

TOTAL EXPENSES $169,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,643	$260,292	+0.4%
Expenses	$169,750	$140,497	+0.2%
Net Income	$188,893	$119,795	+0.6%

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

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
MARILYN WHITEPRESIDENT	2418 MCGOWEN ST HOUSTON, TX 77004	5.00	Director	$0	$0	$0
CECIL MALONE VICE CHAIR	413 BELLAIRE OAKS DR, PFLUGERVILLE TX 78660	5.00	Director	$0	$0	$0
SYLVIA K BROOKS SECRETARY	3861 WICHITA, HOUSTON, TX 77004	5.00	Director	$0	$0	$0
OGADI A K FIELDS TREASURER	3432 SCOTT STREET, HOUSTON, TX 77004	5.00	Director	$0	$0	$0
DIPEN BHAKTA OFFICER	3919 WARD STREET, HOUSTON, TX 77021	5.00	Director	$0	$0	$0
NANCY SANGER OFFICER	7514 SAN BENITA DRIVE, HOUSTON, TX 77083	5.00	Director	$0	$0	$0
ASWAD WALKER OFFICER	12401 SOUTH POST OAK, HOUSTON TX 77045	5.00	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
2023	$358,643	$169,750	$329,733	$188,893
2022	$260,292	$140,497	$156,639	$119,795

THIRD WARD COMMUNITY FUND MANAGEMENT CORPORATION