PROJECT CARE OF TEXAS INC (EIN 760666450) - 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

2000

Legal Domicile

Principal Officer

KAREN DO

Phone

4099814928

Tax Period

2024-01-01 to 2024-12-31

PROJECT CARE OF TEXAS INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $634K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $555K left a modest 12% surplus.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO MEET THE EMERGENCY ENERGY-RELATED NEEDS OF ELDERLY PERSONS, AS WELL AS THE PHYSICALLY OR MENTALLY DISABLED PERSONS, RESIDING WITHIN THE TEXAS SERVICE TERRITORY.

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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 $399,114

Program Service Revenue $0

Investment Income $71,490

Other Revenue $163,207

TOTAL REVENUE $633,811

Expense Breakdown

Grants Paid $503,376

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $542,226

Other Expenses $51,864

TOTAL EXPENSES $555,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$633,811	$903,202	-0.3%
Expenses	$555,240	$603,210	-0.1%
Net Income	$78,571	$299,992	-0.7%

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
KAREN DO	TREASURER	1.00	Officer	$0	$0	$0
MARY YOUNG	SECRETARY	1.00	Officer	$0	$0	$0
JOHN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROLLINS	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLENE COOK	PRESIDENT	1.00	Officer	$0	$0	$0
MARGIE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL RAY	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
2024	$633,811	$555,240	$2,432,844	$78,571
2023	$903,202	$603,210	$2,224,319	$299,992
2022	$629,450	$683,249	$1,775,197	$-53,799
2021	$784,784	$447,989	$2,081,762	$336,795
2021	$659,125	$384,260	$2,019,832	$274,865

PROJECT CARE OF TEXAS INC