TEXAS CITY CULTURAL ARTS 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

2001

Legal Domicile

Principal Officer

CYNTHIA RUSHING

Phone

4099483111

Tax Period

2023-10-01 to 2024-09-30

TEXAS CITY CULTURAL ARTS FOUNDATION, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $168K in total revenue in fiscal year 2023. Expenses of $212K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROMOTE, PROTECT, AND MAINTAIN THE ARTS AND CULTURE IN TEXAS CITY; 2. TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL PROPERTY, OR BOTH, AND SUBJECT TO THE RESTRICTIONS AND LIMITATIONS SET FORTH, TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THERE FROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, CULTURAL, ARTS, OR EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS AND ITS REGULATIONS AS THEY NOW EXIST OR AS THEY MAY BE AMENDED; 3. TO PROVIDE AN ORGANIZATION FOR THE EXCHANGE OF IDEAS, KNOWLEDGE, AND EXPERIENCE CONCERNING DEVELOPMENT AND ENHANCEMENT OF THE ARTS AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $206,584 Revenue: $122,712

TO PROMOTE AND DIRECT OTHER CULTURAL EVENTS

Program 2

Expenses: $4,200

TO GIVE OUT GRANTS AND SCHOLARSHIPS.

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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 $52,500

Program Service Revenue $107,712

Investment Income $7,653

Other Revenue $0

TOTAL REVENUE $167,865

Expense Breakdown

Grants Paid $2,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $210,784

Other Expenses $209,984

TOTAL EXPENSES $212,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,865	$157,786	+0.1%
Expenses	$212,184	$75,443	+1.8%
Net Income	$-44,319	$82,343	-1.5%

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

N/A

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
JOHN BRANSTETTER	DIRECTOR	1.00	Director	$0	$0	$0
KATINA GILMORE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STANEISHA LEE	DIRECTOR	1.00	Director	$0	$0	$0
MARK LYON	DIRECTOR	1.00	Director	$0	$0	$0
DAYNA PERREN	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
JON BRANSON	GENERAL MANA	5.00	Officer	$0	$0	$0
CYNTHIA RUSHING	CITY DIR OF	1.00	Officer	$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	$167,865	$212,184	$696,624	$-44,319
2023	$157,786	$75,443	$738,262	$82,343
2022	$148,949	$42,936	$635,659	$106,013
2021	$58,956	$45,356	$566,079	$13,600
2020	$66,309	$26,489	$543,686	$39,820
2019	$57,616	$85,656	$505,782	$-28,040
2018	$132,917	$85,579	$533,568	$47,338