Texas One Fund Inc (EIN 873873183) - 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

2021

Legal Domicile

Principal Officer

Patrick Smith

Phone

5124964008

Tax Period

2024-01-01 to 2024-12-31

Texas One Fund Inc, founded in 2021, is a mid-sized nonprofit in the Community Improvement sector that reported $16.5M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

Maximize positive community impact by helping Texas collegiate athletes succeed.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,809,863

Program Service Revenue $25,000

Investment Income $-324,509

Other Revenue $300

TOTAL REVENUE $16,510,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,426

Fundraising Expenses $2,263,102

Program Expenses $15,155,932

Other Expenses $15,739,578

TOTAL EXPENSES $17,574,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,510,654	$10,499,351	+0.6%
Expenses	$17,574,225	$13,730,245	+0.3%
Net Income	$-1,063,571	$-3,230,894	-0.7%

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

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
Patrick Wheels Smith	President	40.00	Officer Director	$0	$0	$0
Britt Peterson	Board Member	40.00	Director	$0	$0	$0
Rob Blair	Board Member	6.00	Director	$0	$0	$0
Rob Wright	Board Member	6.00	Director	$0	$0	$0
Jim Gressett	Treasurer	6.00	Officer Director	$0	$0	$0
Charity Grady	Athlete Director	40.00	Highest	$175,308	$0	$175,308

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	$16,510,654	$17,574,225	$603,643	$-1,063,571
2023	$10,499,351	$13,730,245	$1,479,635	$-3,230,894
2022	$5,317,761	$611,003	$4,743,108	$4,706,758

Texas One Fund Inc