TEXAS RURAL FUNDERS

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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

KELTY GARBEE

Phone

5129145768

Tax Period

2023-01-01 to 2023-12-31

TEXAS RURAL FUNDERS, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $973K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $582K, a strong 60% operating margin.

Mission

TEXAS RURAL FUNDERS IS A DIVERSE COALITION OF FUNDERS WORKING WITH RURAL COMMUNITIES TO DEVELOP AND IMPLEMENT SOLUTIONS TO THEIR UNIQUE NEEDS. WE FOCUS ON PROJECTS THAT REQUIRE COLLECTIVE ACTION AND WHICH CANT BE SOLVED BY ONE ORGANIZATION ALONE. WE SEEK TO BRING ADDITIONAL ATTENTION AND RESOURCES TO RURAL TEXAS, INCLUDING USING COMMUNICATIONS AND ADVOCACY TO ELEVATE RURAL VOICES. WE BELIEVE THAT OUR URBAN AND RURAL COMMUNITIES ARE INEXTRICABLY LINKED AND THAT THE FUTURE OF TEXAS DEPENDS ON STRONG, RURAL COMMUNITIES. TEXAS RURAL FUNDERS IS DEDICATED EXCLUSIVELY TO CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

Program Service Accomplishments

Program 1

Expenses: $314,434

THE MISSION OF TEXAS RURAL FUNDERS IS TO MOBILIZE THE POWER OF PHILANTHROPY TO STRENGTHEN RURAL TEXAS. IN FULFILLMENT OF THIS MISSION, OUR 2023 PROGRAMS INCLUDED: ORGANIZING 12 RURAL LEARNING...

THE MISSION OF TEXAS RURAL FUNDERS IS TO MOBILIZE THE POWER OF PHILANTHROPY TO STRENGTHEN RURAL TEXAS. IN FULFILLMENT OF THIS MISSION, OUR 2023 PROGRAMS INCLUDED: ORGANIZING 12 RURAL LEARNING SESSIONS FOR MEMBERS ON TOPICS INCLUDING: HEALTHCARE, WATER, EDUCATION, ARTS ORGANIZATIONS, AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS; LAUNCHED AN ONLINE GRANTS HUB THAT IS UPDATED MONTHLY AND; COMMISSIONING A REPORT, BROADBAND RECOMMENDATIONS TO CONNECT ALL TEXANS, TO SHARE WITH THE TEXAS LEGISLATURE. TEXAS RURAL FUNDERS IS DEDICATED EXCLUSIVELY TO CHARITABLE, RELIGIONS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 $946,603

Program Service Revenue $0

Investment Income $26,882

Other Revenue $0

TOTAL REVENUE $973,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,769

Fundraising Expenses $2,744

Program Expenses $314,434

Other Expenses $120,766

TOTAL EXPENSES $391,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$973,485	$511,710	+0.9%
Expenses	$391,535	$606,618	-0.4%
Net Income	$581,950	$-94,908	-7.1%

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

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

$141,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELTY GARBEE	EXECUTIVE DI	40.00	Officer	$141,859	$0	$141,859
ABENA ASANTE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCCOY	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELLE MONSE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHERYL PEKAR	DIRECTOR	1.00	Director	$0	$0	$0
JUDY QUISENBERRY	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN RAY	PRESIDENT	5.00	Officer Director	$0	$0	$0
WYNN ROSSER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHELLEY SWEATT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE YANAS	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	No data	No data	No data	No data
2023	$973,485	$391,535	$1,001,305	$581,950
2022	$511,710	$606,618	$439,473	$-94,908
2021	$1,275,314	$1,056,268	$461,661	$219,046
2021	$1,275,314	$1,056,268	$808,198	$219,046