TEXAS FOUNDATION FOR EDUCATION RIGHTS INC

EIN: 881298317 501(c)(3) Education

Addison, TX

Total Revenue
$345,000
Total Expenses
$248,571
Total Assets
$314,103
Net Assets
$313,733
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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
2022
Legal Domicile
DE
Principal Officer
PHILIP AARON HARRIS
Phone
9729802700
Tax Period
2023-01-01 to 2023-12-31

TEXAS FOUNDATION FOR EDUCATION RIGHTS INC, founded in 2022, is a small nonprofit in the Education sector that reported $345K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 28% operating margin.

Mission

TO PROVIDE FAMILIES WITH AN ALTERNATIVE TO FAILING PUBLIC SCHOOLS AND ALLOW CHILDREN TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN ADULTHOOD, REGARDLESS OF THEIR BACK GROUND.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $345,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $345,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,904
Fundraising Expenses $0
Program Expenses $16,904
Other Expenses $231,667
TOTAL EXPENSES $248,571

Year-over-Year Comparison

2023 2022 Change
Revenue $345,000 $285,000 +0.2%
Expenses $248,571 $67,696 +2.7%
Net Income $96,429 $217,304 -0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONTGOMERY BENNETT Director 1.00
Director
$0 $0 $0
PHILIP AARON HARRIS Director 1.00
Director
$0 $0 $0
SARAH ZUBIATE BENNETT 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
2023 $345,000 $248,571 $314,103 $96,429
2022 $285,000 $67,696 $217,767 $217,304
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