THIRD FUTURE SCHOOLS - TEXAS - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

ZACH CRADDOCK

Phone

4322407100

Tax Period

2024-07-01 to 2025-06-30

THIRD FUTURE SCHOOLS - TEXAS, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $33.5M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

THE CHARTER SCHOOL IS A MODEL FOR THE NEXT GENERATION OF SCHOOLS, WORKING TO PREPARE STUDENTS, ESPECIALLY POOR AND MINORITY STUDENTS, FOR THE WORKPLACE AND COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $28,461,893

THROUGH THE TRANSFORMATION OF SAM HOUSTON, MIDLAND ISD HAS CREATED A DYNAMIC COLLEGIATE PATHWAY FOR STUDENTS IN OUR COMMUNITY STARTING AS YOUNG AS PREKINDERGARTEN. THE COLLEGE PREPARATORY MODEL...

THROUGH THE TRANSFORMATION OF SAM HOUSTON, MIDLAND ISD HAS CREATED A DYNAMIC COLLEGIATE PATHWAY FOR STUDENTS IN OUR COMMUNITY STARTING AS YOUNG AS PREKINDERGARTEN. THE COLLEGE PREPARATORY MODEL INSTILLS THE EXPECTATION FROM THE FIRST DAY ON CAMPUS THAT EVERY STUDENT WILL GO TO COLLEGE. COLLEGE PREP CLASSROOM INSTRUCTION IS ENHANCED BY EXPOSURE TO UNIVERSITY CAMPUSES AND CONFIDENCE-BUILDING EXPERIENCES THAT PREPARE PARENT AND STUDENT EXPECTATIONS OF COLLEGE. AT HOUSTON, WE UTILIZE A PERSONALIZED LEARNING MODEL. CAMPUSES IN OUR NETWORK (THIRD FUTURE SCHOOLS) AVERAGE TWO YEAR GROWTH IN ONE YEAR OF TEACHING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,478,594

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $33,478,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,321,808

Fundraising Expenses $0

Program Expenses $28,461,893

Other Expenses $6,296,460

TOTAL EXPENSES $35,618,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,478,594	$51,349,168	-0.3%
Expenses	$35,618,268	$53,983,185	-0.3%
Net Income	$-2,139,674	$-2,634,017	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

529

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

$551,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONRAD COLEMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DOROTHY REYES	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
SARAH ARRAMBIDE	BOARD MEMBER	2.00	Director	$0	$0	$0
BLAKE ROACH	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTINA VAN NORDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ZACH CRADDOCK	SUPERINTENDENT	2.00	Officer	$0	$55,354	$309,111
JESSICA LOPEZ	CHIEF OF STAFF	1.00	Officer	$0	$28,334	$242,734

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
2025	$33,478,594	$35,618,268	$2,243,502	$-2,139,674
2024	$51,349,168	$53,983,185	$86,489,848	$-2,634,017
2024	$51,349,168	$53,983,185	$86,489,848	$-2,634,017
2023	$24,644,724	$25,877,900	$9,056,239	$-1,233,176
2022	$20,385,190	$21,991,213	$830,266	$-1,606,023
2021	$3,991,053	$3,977,396	$41,913	$13,657

THIRD FUTURE SCHOOLS - TEXAS