TEXAS CITY INDEPENDENT SCHOOL DIST… - 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

1996

Legal Domicile

Principal Officer

GENY WHITE

Phone

4099160108

Tax Period

2023-09-01 to 2024-08-31

TEXAS CITY INDEPENDENT SCHOOL DISTRICT FOUNDATION FOR THE FUTURE, founded in 1996, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

THE TEXAS CITY INDEPENDENT SCHOOL DISTRICT (TCISD) FOUNDATION FOR THE FUTURE, IN COLLABORATION WITH THE COMMUNITY AND THE SCHOOL DISTRICT, SUPPORTS A QUALITY EDUCATION FOR THE DISTRICT'S STUDENTS BY GENERATING AND DISTRIBUTING RESOURCES TO ENRICH, MAINTAIN AND EXPAND PROGRAMS TO MEET THE DISTRICT'S STATED MISSION OF EXCELLENCE IN EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $246,476

GRANTS AWARDED TO THE TCISD TEACHING FACULTY AND STUDENTS SCHOLARSHIPS - TO RECOGNIZE GRADUATING SENIORS FROM TEXAS CITY HIGH SCHOOL AND LA MARQUE HIGH SCHOOL FOR THEIR COMMUNITY SERVICE AND WHO HAVE A FINANCIAL NEED TO FURTHER THEIR EDUCATION AT A JUNIOR COLLEGE, TECHNICAL SCHOOL OR COMMUNITY COLLEGE.

Program 2

Expenses: $1,135,176

TO HELP SUPPORT EXTRA CIRRICULAR ACTIVITIES - LMHS CHOIR, TCISD BAND, TCISD CHOIR, AND TCISD ROBOTICS.

Program 3

Expenses: $14,319 Revenue: $25,254

LEADS - TO PROVIDE SELECT JUNIOR AND SENIOR TEXAS CITY HIGH SCHOOL, LA MARQUE HIGH SCHOOL AND 5 OTHER GALVESTON COUNTY HIGH SCHOOL STUDENTS A LEADERSHIP-TRAINING OPPORTUNITY AND TO DEVELOP FUTURE...

LEADS - TO PROVIDE SELECT JUNIOR AND SENIOR TEXAS CITY HIGH SCHOOL, LA MARQUE HIGH SCHOOL AND 5 OTHER GALVESTON COUNTY HIGH SCHOOL STUDENTS A LEADERSHIP-TRAINING OPPORTUNITY AND TO DEVELOP FUTURE LEADERSHIP OPPORTUNITIES FOR THE STUDENTS IN CONJUNCTION WITH THE LOCAL BUSINESS COMMUNITY. OTHER ORGANIZATION PROGRAMS: HELPING STUDENTS GRADUATE, PROJECTS IN EDUCATION, SCHOOL SUPPLIES INCOME

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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 $1,200,389

Program Service Revenue $36,264

Investment Income $79,705

Other Revenue $195,431

TOTAL REVENUE $1,511,789

Expense Breakdown

Grants Paid $281,045

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,416,221

Other Expenses $1,213,713

TOTAL EXPENSES $1,494,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,511,789	$807,187	+0.9%
Expenses	$1,494,758	$613,205	+1.4%
Net Income	$17,031	$193,982	-0.9%

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

$91,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENY WHITE	EXECUTIVE DI	40.00	Officer	$0	$8,868	$91,035
EARL ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
MELBA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BLANKENSHIP	DIRECTOR	1.00	Director	$0	$0	$0
JOSE BOIX	DIRECTOR	1.00	Director	$0	$0	$0
THELMA BOWIE	DIRECTOR	1.00	Director	$0	$0	$0
JAMI CLARK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KENNETH CLARK	DIRECTOR	1.00	Director	$0	$0	$0
TILLY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
TIM CULP	DIRECTOR	1.00	Director	$0	$0	$0
FREDA DAVIS	TREASURER	1.00	Officer Director	$0	$0	$0
MONICA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MARY DICKSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIAN DIETEL	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA DUARTE	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN GRIPP	AT LARGE	1.00	Director	$0	$0	$0
ALAN HUTCHINS	DIRECTOR	1.00	Director	$0	$0	$0
RHOMARI LEIGH	DIRECTOR	1.00	Director	$0	$0	$0
BILL MCGARVEY	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
SAM MYERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RHONDA OYAKHIRE	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACY PRYOR	DIRECTOR	1.00	Director	$0	$0	$0
ANN RAMOS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA REED	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SHARP	DIRECTOR	1.00	Director	$0	$0	$0
TARA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA TORTORICI	DIRECTOR	1.00	Director	$0	$0	$0
KERRY WHITENER	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$1,511,789	$1,494,758	$2,378,091	$17,031
2023	$807,187	$613,205	$2,226,080	$193,982
2022	$828,648	$523,017	$2,014,251	$305,631
2021	$460,725	$245,774	$1,969,109	$214,951
2020	$406,471	$455,026	$1,589,774	$-48,555
2019	$699,149	$582,118	$1,567,323	$117,031
2018	$774,013	$638,112	$1,453,509	$135,901

TEXAS CITY INDEPENDENT SCHOOL DISTRICT FOUNDATION FOR THE FUTURE