HOUSTON 2026 WORLD CUP ORGANIZING … - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

Tom Waggoner

Phone

7133085910

Tax Period

2022-01-01 to 2022-12-31

HOUSTON 2026 WORLD CUP ORGANIZING COMMITTEE, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $56 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $378K exceeded revenue, resulting in a 675045% operating deficit.

Mission

To earn the City of Houston a spot as a host city for the 2026 FIFA World Cup, and if selected, to successfully organize all activities and events surrounding the 2026 FIFA World Cup in Houston

Program Service Accomplishments

Program 1

Expenses: $378,081 Revenue: $56

To earn the City of Houston a spot as a host city for the 2026 FIFA World Cup, and, if selected, to successfully organize all activities and events surrounding the 2026 FIFA World Cup in Houston.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $56

Other Revenue $0

TOTAL REVENUE $56

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,656

Fundraising Expenses $0

Program Expenses $378,081

Other Expenses $139,425

TOTAL EXPENSES $378,081

Year-over-Year Comparison

	2022	2021	Change
Revenue	$56	$325,864	-1.0%
Expenses	$378,081	$887,345	-0.6%
Net Income	$-378,025	$-561,481	-0.3%

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

Volunteers

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
Christopher J Canetti	President	40	Highest	$221,525	$0	$221,525

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
2022	$56	$378,081	$461,868	$-378,025
2021	$325,864	$887,345	$301,529	$-561,481
2020	$756,684	$502,481	$367,293	$254,203

HOUSTON 2026 WORLD CUP ORGANIZING COMMITTEE