THIRD FUTURE SCHOOLS- TEXAS (EIN 850974973) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

HECTOR SANTIAGO

Tax Period

2023-07-01 to 2024-06-30

THIRD FUTURE SCHOOLS- TEXAS, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $51.3M in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum.

Mission

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 YEARS GROWTH IN ONE YEAR OF TEACHING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,595,661

Program Service Revenue $46,753,507

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,349,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,292,820

Fundraising Expenses $0

Program Expenses $26,873,106

Other Expenses $20,690,365

TOTAL EXPENSES $53,983,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,349,168	$24,644,724	+1.1%
Expenses	$53,983,185	$25,877,900	+1.1%
Net Income	$-2,634,017	$-1,233,176	+1.1%

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

Governance

Voting Members

Independent Members

Employees

220

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
KERRI HOLT	DIRECTOR OF	2.00	Director	$0	$0	$0
HECTOR SANTIAGO	CFO	40.00	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	$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