Friends of TRTF

EIN: 844065430 501(c)(3) Diseases & Disorders

San Antonio, TX

Total Revenue
$72,116
Total Expenses
$5,292
Total Assets
$7,604,936
Net Assets
$7,598,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
Rene I Dominguez
Phone
2105912456
Tax Period
2024-01-01 to 2024-12-31

Friends of TRTF, founded in 2019, is a micro nonprofit in the Diseases & Disorders sector that reported $72K in total revenue in fiscal year 2024. The organization ran a surplus of $67K, a strong 93% operating margin.

Mission

To support Texas Research and Technology Foundation (TRTF) through the Federal New Markets Tax Credit Program.

Program Service Accomplishments

Program 1

To support Texas Research and Technology Foundation (TRTF) through the Federal New Markets Tax Credit Program.

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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 (2024)

Revenue Breakdown

Contributions & Grants $-311
Program Service Revenue $0
Investment Income $72,427
Other Revenue $0
TOTAL REVENUE $72,116

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,292
TOTAL EXPENSES $5,292

Year-over-Year Comparison

2024 2023 Change
Revenue $72,116 $72,427 0.0%
Expenses $5,292 $71 +73.5%
Net Income $66,824 $72,356 -0.1%
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
5
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$624,931
Total Directors
5
$624,931
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rene I Dominguez Chairman and CEO 40.00
Officer Director
$0 $19,586 $359,357
Rick A Hernandez Secretary and Treasurer 40.00
Officer Director
$0 $13,562 $265,574
Ken Recter Director 3.00
Director
$0 $0 $0
Eric Roe Peterson Director 3.00
Director
$0 $0 $0
Robert Reed Bentley Director 3.00
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 $72,116 $5,292 $7,604,936 $66,824
2023 $72,427 $71 $7,532,838 $72,356
2022 $72,738 $788 $7,460,482 $71,950
2021 $73,212 $1,153 $7,387,837 $72,059
2020 $72,829 $51 $7,315,478 $72,778
2019 $7,242,700 No data $7,242,700 No data
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