THE ABATIX FOUNDATION

EIN: 843405488 501(c)(3) Philanthropy & Grantmaking

MESQUITE, TX

Total Revenue
$152,494
Total Expenses
$43,922
Total Assets
$753,864
Net Assets
$753,864
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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
TX
Principal Officer
FRANK CINATL
Phone
4697724483
Tax Period
2023-01-01 to 2023-12-31

THE ABATIX FOUNDATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $152K in total revenue in fiscal year 2023. The organization ran a surplus of $109K, a strong 71% operating margin.

Mission

THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC OR EDUCATIONAL PURPOSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $122,575
Program Service Revenue $0
Investment Income $19,532
Other Revenue $10,387
TOTAL REVENUE $152,494

Expense Breakdown

Grants Paid $41,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,500
Other Expenses $2,422
TOTAL EXPENSES $43,922

Year-over-Year Comparison

2023 2022 Change
Revenue $152,494 $141,721 +0.1%
Expenses $43,922 $58,562 -0.2%
Net Income $108,572 $83,159 +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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL MACHART PRESIDENT 2.00
Officer Director
$0 $0 $0
FRANK CINATL SECRETARY 2.00
Officer Director
$0 $0 $0
KAELA CRUZ TREASURER 2.00
Officer 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 No data No data No data No data
2023 $152,494 $43,922 $753,864 $108,572
2022 $141,721 $58,562 $645,292 $83,159
2021 $231,567 $42,459 $562,133 $189,108
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