TEXAS EQUINE FOUNDATION (EIN 822715475) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

COLE SCIBA

Phone

8066731987

Tax Period

2024-01-01 to 2024-12-31

TEXAS EQUINE VETERINARY ASSOCIATION FOUNDATION, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $119K in total revenue in fiscal year 2018. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $165K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE TEXAS EQUINE FOUNDATION IS A CHARITABLE FOUNDATION OF THE TEXAS EQUINE VETERINARY ASSOCIATION (TEVA) IN 2017 UNDER THE NAME "TEXAS EQUINE VETERINARY ASSOCIATION FOUNDATION." THE FOUNDATION'S OBJECTIVE IS TO RAISE, HOLD, AND ADMINISTER FUNDS TO SUPPORT BENEVOLENCE IN THE EQUINE INDUSTRY AND EQUINE WELFARE, GEARED TOWARDS REGIONS SERVED BY TEVA. WE ACCOMPLISH THIS THROUGH RESEARCH, EDUCATION, DISASTER RELIEF, AND OUTREACH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $420,281

Program Service Revenue $0

Investment Income $33

Other Revenue $0

TOTAL REVENUE $420,314

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $0

Fundraising Expenses $5,231

Program Expenses $246,829

Other Expenses $305,117

TOTAL EXPENSES $324,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,314	$242,446	+0.7%
Expenses	$324,117	$162,609	+1.0%
Net Income	$96,197	$79,837	+0.2%

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
BART SIRMAN DVM	PRESIDENT	0.50	Officer Director	$0	$0	$0
BRITT CONKLIN DVM CF	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MARTIN DVM	ADVISOR	0.50	Director	$0	$0	$0
COLE SCIBA DVM	TREASURER	0.50	Officer Director	$0	$0	$0
JOLYNN JOYCE	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHNNY TROTTER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN JANICEK DVM MS DACVS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BEN BUCHANAN DVM DACVIM DACVECC	DIRECTOR	0.50	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	$420,314	$324,117	$457,437	$96,197
2023	$242,446	$162,609	$361,242	$79,837
2022	$169,210	$71,633	$289,070	$97,577
2021	$118,761	$36,347	$191,493	$82,414
2020	$5,804	$32,396	$101,579	$-26,592
2019	$70,728	$36,699	$127,978	$34,029
2018	$118,930	$165,245	$111,365	$-46,315

TEXAS EQUINE FOUNDATION