CLASS OF 89' MUSTANG OPEN CHARITABLE FOUNDATION (EIN 800935898) - 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

2013

Legal Domicile

Principal Officer

MARK A ALBARES

Phone

8177984896

Tax Period

2023-01-01 to 2023-12-31

CLASS OF 89' MUSTANG OPEN CHARITABLE FOUNDATION, founded in 2013, is a micro nonprofit in the Education sector that reported $18K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $22K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE DONATION FUNDS TO CORONADO HIGH SCHOOL IN LUBBOCK, TEXAS FOR THE ATHLETIC DEPARTMENT AND TO LOCAL CHARITIES IN LUBBOCK, TEXAS FOR LIMITED INCOME INDIVIDUALS AND FAMILIES.

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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 $17,649

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,649

Expense Breakdown

Grants Paid $18,500

Salaries & Benefits $0

Fundraising Expenses $3,409

Program Expenses $18,531

Other Expenses $3,497

TOTAL EXPENSES $21,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,649	$15,850	+0.1%
Expenses	$21,997	$16,283	+0.4%
Net Income	$-4,348	$-433	+9.0%

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
MARK A ALBARES	CHAIR	0.50	Officer Director	$0	$0	$0
JASON BUFFINGTON	VICE PRESIDE	0.50	Officer	$0	$0	$0
JASON KEARNEY	TREASURER/SE	0.50	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	No data	No data	No data	No data
2023	$17,649	$21,997	$19,715	$-4,348
2022	$15,850	$16,283	$24,063	$-433
2021	$4,516	$4,058	$24,496	$458
2020	$16,738	$2,034	$24,038	$14,704
2019	$22,546	$21,836	$9,334	$710
2018	$20,405	$19,062	$8,624	$1,343

CLASS OF 89' MUSTANG OPEN CHARITABLE FOUNDATION