FIKES 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

2017

Legal Domicile

Principal Officer

RAYMOND SMITH

Phone

2544101122

Tax Period

2024-01-01 to 2024-12-31

FIKES FOUNDATION, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $108K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $647K exceeded revenue, resulting in a 498% operating deficit.

Mission

TO SUPPORT VARIOUS 501(C)(3) CHARITABLE ORGANIZATIONS, INCLUDING CHILDREN'S MIRACLE NETWORK HOSPITAL AND THE MCLANE SCOTT & WHITE CHILDREN'S HOSPITAL LOCATED IN TEMPLE, TEXAS. THE FIKES FOUNDATION WILL ALSO BE INVOLVED IN SUPPORTING OTHER 501(C)(3) CHARITABLE ORGANIZATIONS IN VARIOUS COMMUNITIES AND WILL DONATE MONEY TO COLLEGES AND UNIVERSITIES TO FUND THE C.E. FIKES ENDOWED SCHOLARSHIP FUNDS, MANY OF WHICH HAVE ALREADY BEEN ESTABLISHED AT COLLEGES AND UNIVERSITIES IN AND NEAR THE COMMUNITIES WE SERVE. THE SCHOLARSHIPS ARE AVAILABLE TO ALL STUDENTS AS DETERMINED BY THE COLLEGE OR UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $644,000

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT EDUCATION AND HEALTH-RELATED CHARITABLE CAUSES THROUGH GRANTS TO QUALIFIED NONPROFIT INSTITUTIONS. DURING THE YEAR, THE ORGANIZATION PROVIDED GRANTS TO COLLEGES AND UNIVERSITIES TO SUPPORT STUDENT PROGRAMS AND SCHOLARSHIPS, AND TO A CHILDREN'S HOSPITAL TO ASSIST WITH PEDIATRIC CARE INITIATIVES. NO FUNDRAISING EVENTS, SUCH AS THE GOLF TOURNAMENT HELD IN PRIOR YEARS, WERE CONDUCTED DURING THE YEAR.

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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 $108,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $108,100

Expense Breakdown

Grants Paid $644,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $644,000

Other Expenses $2,904

TOTAL EXPENSES $646,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,100	$475,215	-0.8%
Expenses	$646,904	$361,850	+0.8%
Net Income	$-538,804	$113,365	-5.8%

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

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
RAYMOND SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM C FIKES	TREASURER	1.00	Officer Director	$0	$0	$0
TATE SEIDEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR FIZELL JR	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS MARINO	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	$108,100	$646,904	$43,434	$-538,804
2023	$475,215	$361,850	$582,238	$113,365
2022	$367,898	$303,500	$468,873	$64,398
2021	$287,408	$78,919	$404,475	$208,489
2020	$268,657	$197,584	$195,986	$71,073
2019	$267,350	$250,000	$140,050	$17,350
2018	$260,523	$250,245	$107,562	$10,278