Texas School Venture Fund (EIN 813674046) - 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

2018

Legal Domicile

Principal Officer

Mike Feinberg

Phone

7132020549

Tax Period

2024-01-01 to 2024-12-31

Texas School Venture Fund, founded in 2018, is a small nonprofit in the Education sector that reported $213K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $360K exceeded revenue, resulting in a 69% operating deficit.

Mission

Help start new schools and help grow great school options in the community.

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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 $157,835

Program Service Revenue $54,000

Investment Income $991

Other Revenue $0

TOTAL REVENUE $212,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $332,968

Other Expenses $359,878

TOTAL EXPENSES $359,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,826	$269,368	-0.2%
Expenses	$359,878	$256,104	+0.4%
Net Income	$-147,052	$13,264	-12.1%

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
Leo Linbeck III	Chair	4.00	Officer Director	$0	$0	$0
Mike Feinberg	President	10.00	Officer Director	$0	$0	$0
Howard Fuller	Director	1.00	Director	$0	$0	$0
Karol Musher	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
2025	No data	No data	No data	No data
2024	$212,826	$359,878	$393,520	$-147,052
2023	$269,368	$256,104	$605,523	$13,264
2022	$452,488	$461,938	$623,755	$-9,450
2021	$493,731	$310,248	$654,986	$183,483
2020	$296,944	$285,281	$448,857	$11,663
2019	$357,157	$326,423	$292,001	$30,734
2018	$320,657	$64,610	$297,047	$256,047

Texas School Venture Fund