VISIT CORPUS CHRISTI 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

2016

Legal Domicile

Principal Officer

BROOK KAUFMAN

Phone

3618811888

Tax Period

2023-10-01 to 2024-09-30

VISIT CORPUS CHRISTI FOUNDATION, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $7K in total revenue in fiscal year 2023. Revenue surged 18154% from the prior year, signaling strong growth momentum. Expenses of $16K exceeded revenue, resulting in a 141% operating deficit.

Mission

TO PROMOTE THE CULTURE AND HERITAGE OF CORPUS CHRISTI, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $16,292 Revenue: $6,723

PROMOTED PROGRAMS AND FESTIVALS FEATURING THE HISTORICAL CULTURE OF THE CORPUS CHRISTI, TEXAS AREA FOR THE BENEFIT OF THE COMMON GOOD.

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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 $6,723

Investment Income $31

Other Revenue $0

TOTAL REVENUE $6,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,292

Other Expenses $16,292

TOTAL EXPENSES $16,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,754	$37	+181.5%
Expenses	$16,292	$5,000	+2.3%
Net Income	$-9,538	$-4,963	+0.9%

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

$232,225

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM CANAVATI	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD LOMAX	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS HAMILTON	TREASURER	2.00	Officer Director	$0	$0	$0
NATALIE VILLARREAL	SECRETARY	2.00	Officer Director	$0	$0	$0
PETER ZANONI	DIRECTOR	2.00	Director	$0	$0	$0
PAULETTE GUAJARDO	DIRECTOR	2.00	Director	$0	$0	$0
DEVEN BHAKTA	DIRECTOR	2.00	Director	$0	$0	$0
BRETT OETTING	CEO	2.00	Officer	$0	$0	$232,225

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	$6,754	$16,292	$23,566	$-9,538
2024	$6	$748	$22,824	$-742
2023	$37	$5,000	$33,104	$-4,963
2022	$54,591	$1,800	$38,067	$52,791
2021	$54,097	$160,466	$85,276	$-106,369
2020	$99,762	$77,515	$142,220	$22,247
2019	$1,142,137	$1,107,364	$174,738	$34,773