FOUNDATION FOR HOUSTON ACHIEVEMENT PLACE (EIN 760579680) - 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

1998

Legal Domicile

Principal Officer

PAUL GILFORD

Phone

7138681943

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR HOUSTON ACHIEVEMENT PLACE, founded in 1998, is a small nonprofit in the Human Services sector that reported $793K in total revenue in fiscal year 2024. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $489K, a strong 62% operating margin.

Mission

SOCIAL SERVICE AGENCY

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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 $0

Program Service Revenue $0

Investment Income $786,641

Other Revenue $5,928

TOTAL REVENUE $792,569

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $303,914

Other Expenses $103,914

TOTAL EXPENSES $303,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$792,569	$256,111	+2.1%
Expenses	$303,914	$214,712	+0.4%
Net Income	$488,655	$41,399	+10.8%

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

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

$213,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUS NOOJIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN KAJANDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN HARTMAN	VP	1.00	Officer Director	$0	$0	$0
KEITH SHORT	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL GILFORD	EXECUTIVE DI	2.00	Officer	$0	$8,446	$213,658
JOHN BREEDING	PRESIDENT	1.00	Officer 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
2024	$792,569	$303,914	$13,855,153	$488,655
2023	$256,111	$214,712	$12,981,491	$41,399
2022	$580,271	$221,560	$11,688,241	$358,711
2021	$748,262	$249,484	$13,747,463	$498,778
2020	$480,197	$172,722	$12,608,750	$307,475
2019	$659,771	$488,209	$11,735,149	$171,562

FOUNDATION FOR HOUSTON ACHIEVEMENT PLACE