THE WHITNEY E HOUSTON LEGACY FOUNDATION INC (EIN 853434545) - 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

MARION P HOUSTON

Phone

9544681748

Tax Period

2023-01-01 to 2023-12-31

THE WHITNEY E HOUSTON LEGACY FOUNDATION INC, founded in 2020, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $96K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $145K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO INSPIRE, CREATE OPPORTUNITIES, EMPOWER FOR SUCCESS, AND IMPROVE ALL YOUTH'S LIVES.

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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 $95,619

Program Service Revenue $0

Investment Income $0

Other Revenue $260

TOTAL REVENUE $95,879

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $70,877

Program Expenses $67,998

Other Expenses $119,849

TOTAL EXPENSES $144,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,879	$64,937	+0.5%
Expenses	$144,849	$101,643	+0.4%
Net Income	$-48,970	$-36,706	+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

N/A

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
MARION P HOUSTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
DONNA HOUSTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LORENA GARCIA WAHEIBI	SECRETARY	2.00	Officer Director	$0	$0	$0
RONALD E NASH	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF STRAUGHN	DIRECTOR	2.00	Director	$0	$0	$0
RAMON VILLA	DIRECTOR	2.00	Director	$0	$0	$0
MARK TRIGG	DIRECTOR	2.00	Director	$0	$0	$0
DR JACQUELINE MOHAIR	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$95,879	$144,849	$42,937	$-48,970
2022	$64,937	$101,643	$101,344	$-36,706
2021	$165,074	$36,461	$128,613	$128,613

THE WHITNEY E HOUSTON LEGACY FOUNDATION INC