SOUTH PADRE ISLAND COMMUNITY ENDOW… - 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

2002

Legal Domicile

Principal Officer

DENNIS FRANKE

Phone

9567612606

Tax Period

2023-01-01 to 2023-12-31

SOUTH PADRE ISLAND COMMUNITY ENDOWMENT FOUNDATION INC, founded in 2002, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $54K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 90% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT TO THE SOUTH PADRE ISLAND COMMUNITY FOUNDATION, INC. TO SUPPLEMENT ITS OPERATING INCOME AND THEREBY INSURE ITS CONTINUED OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $5,369

TO PROVIDE FINANCIAL SUPPORT TO THE SOUTH PADRE ISLAND COMMUNITY FOUNDATION, INC. TO SUPPLEMENT ITS OPERATING INCOME AND THEREBY INSURE ITS CONTINUED OPERATIONS.

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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 $0

Program Service Revenue $0

Investment Income $53,998

Other Revenue $0

TOTAL REVENUE $53,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,369

Other Expenses $5,369

TOTAL EXPENSES $5,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,998	$43,647	+0.2%
Expenses	$5,369	$75,129	-0.9%
Net Income	$48,629	$-31,482	-2.5%

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
DENNIS FRANKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON TAYLOR	SEC./TREAS.	1.00	Officer Director	$0	$0	$0
KAREN MOORE	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	No data	No data	No data	No data
2023	$53,998	$5,369	$1,591,276	$48,629
2022	$43,647	$75,129	$1,388,681	$-31,482
2021	$148,170	$84	$1,893,268	$148,086
2020	$45,612	$33	$1,606,909	$45,579
2019	$169,041	$42	$1,336,930	$168,999
2018	$119,649	$50	$1,123,814	$119,599

SOUTH PADRE ISLAND COMMUNITY ENDOWMENT FOUNDATION INC