TexArts Association for Visual & Performing Arts (EIN 861150456) - 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

2005

Legal Domicile

Phone

5128529079

Tax Period

2023-09-01 to 2024-08-31

TexArts Association for Visual & Performing Arts, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 57% operating margin.

Mission

TexARTS is an arts education and performance destination that builds character, professionalism, and careers. Its mission is to cultivate a thriving arts community by exposing all people to the visual and performing arts.

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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 $1,871,346

Program Service Revenue $442,847

Investment Income $387,126

Other Revenue $2,802

TOTAL REVENUE $2,704,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,980

Fundraising Expenses $16,820

Program Expenses $1,036,021

Other Expenses $869,638

TOTAL EXPENSES $1,169,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,704,121	$1,110,893	+1.4%
Expenses	$1,169,618	$887,157	+0.3%
Net Income	$1,534,503	$223,736	+5.9%

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

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

$75,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandy Cox	Exec Director	40.00	Officer	$75,538	$0	$75,538
Natanya Anderson	Chairperson	1.00	Officer Director	$0	$0	$0
John W Holcroft	Director	1.00	Director	$0	$0	$0
Ada Jerman	Director	1.00	Director	$0	$0	$0
Sylvia Kehle	Director	1.00	Director	$0	$0	$0
Nikki Rex	Director	1.00	Director	$0	$0	$0
Sharon Rogers	Director	1.00	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	$2,704,121	$1,169,618	$5,774,680	$1,534,503
2023	$1,110,893	$887,157	$4,253,889	$223,736
2022	$732,456	$737,490	$145,478	$-5,034
2021	$686,024	$525,455	$193,005	$160,569
2020	$484,914	$554,090	$68,987	$-69,176
2019	$730,283	$702,688	$107,373	$27,595
2018	$661,697	$756,795	$45,228	$-95,098

TexArts Association for Visual & Performing Arts