MULTIPURPOSE ARENA FORT WORTH (EIN 812774292) - 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

2016

Legal Domicile

Principal Officer

MATTHEW D HOMAN

Phone

8174029052

Tax Period

2024-11-01 to 2025-10-31

MULTIPURPOSE ARENA FORT WORTH, founded in 2016, is a mid-sized nonprofit in the Recreation & Sports sector that reported $94.8M in total revenue in fiscal year 2024. The organization ran a surplus of $26.3M, a strong 28% operating margin.

Mission

MULTIPURPOSE ARENA FORT WORTH IS OPERATED TO LESSEN THE BURDENS OF THE CITY OF FORT WORTH, TEXAS.

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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 $14,882,850

Program Service Revenue $77,272,464

Investment Income $2,660,690

Other Revenue $0

TOTAL REVENUE $94,816,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,156,532

Fundraising Expenses $0

Program Expenses $65,098,003

Other Expenses $55,313,035

TOTAL EXPENSES $68,469,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,816,004	$93,600,746	+0.0%
Expenses	$68,469,567	$78,650,815	-0.1%
Net Income	$26,346,437	$14,949,931	+0.8%

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

2421

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

$836,665

Total Directors

Key Employees

$1,064,155

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD P BASS	CHAIRMAN	4.00	Director	$0	$0	$0
LILLIE BIGGINS	DIRECTOR	0.50	Director	$0	$0	$0
FRANCISCO HERNANDEZ	DIRECTOR	0.50	Director	$0	$0	$0
DEE J KELLY JR	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM MEADOWS	DIRECTOR	0.50	Director	$0	$0	$0
MACY HILL	DIRECTOR	0.50	Director	$0	$0	$0
JAY CHAPA	DIRECTOR	0.50	Director	$0	$0	$0
DAVID COOKE	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW D HOMAN	PRESIDENT	70.00	Officer	$793,873	$42,792	$836,665
DANA STAYTON	ASSISTANT SECRETARY	0.50	Officer	$0	$0	$0
NICOLE P EPPS	VP AND CFO	70.00	Key Emp	$344,296	$23,879	$368,175
JULIE E MARGOLIN	VP OF FOOD AND BEVERAGE	70.00	Key Emp	$331,345	$22,132	$353,477
WILLIAM E SHAW III	VP OF OPERATIONS	70.00	Key Emp	$315,652	$26,851	$342,503
RYAN ZIEGLER	SR. DIRECTOR OF EVENTS	70.00	Highest	$213,279	$18,618	$231,897
THOMAS SCHMIDT	DIRECTOR OF TECHNOLOGY	70.00	Highest	$135,108	$14,509	$149,617
FRANZ SHELKO	DIRECTOR OF PREMIUM F&B OP	70.00	Highest	$140,592	$14,877	$155,469
WIELAND HARRIS	DIRECTOR OF ENGINEERING	70.00	Highest	$121,681	$14,150	$135,831
TERRY BLAKE	DIRECTOR OF HUMAN RESOURCES AND PAYROLL - PY	70.00	Highest	$125,732	$17,591	$143,323

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
2025	$94,816,004	$68,469,567	$166,667,514	$26,346,437
2024	$93,600,746	$78,650,815	$134,897,668	$14,949,931
2023	$79,842,181	$68,793,194	$128,978,224	$11,048,987
2022	$62,812,893	$54,265,221	$113,490,579	$8,547,672
2021	$25,283,673	$27,669,512	$94,311,504	$-2,385,839
2020	$29,074,326	$30,331,987	$86,566,428	$-1,257,661
2019	$50,614	$5,140,432	$38,079,653	$-5,089,818
2018	$-214,704	$2,250,231	$6,226,372	$-2,464,935

MULTIPURPOSE ARENA FORT WORTH