TEXANS FOR EXCELLENCE IN EDUCATION INC

EIN: 881663711 501(c)(3) Education

Addison, TX

Total Revenue
$874,343
Total Expenses
$915,829
Total Assets
$83,676
Net Assets
$-45,067
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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
DE
Principal Officer
JOHN PETREE
Phone
9729802700
Tax Period
2024-01-01 to 2024-12-31

TEXANS FOR EXCELLENCE IN EDUCATION INC, founded in 2021, is a small nonprofit in the Education sector that reported $874K in total revenue in fiscal year 2024. Revenue surged 153% from the prior year, signaling strong growth momentum.

Mission

TO AID TEXAS INDEPENDENT SCHOOL DISTRICTS, THEIR BOARDS, ADMINISTRATORS, AND TEACHERS IN PROVIDING HIGH QUALITY EDUCATION AND TRANSPARENCY TO THE PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $869,463
Program Service Revenue $4,880
Investment Income $0
Other Revenue $0
TOTAL REVENUE $874,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $473,597
Fundraising Expenses $0
Program Expenses $646,893
Other Expenses $442,232
TOTAL EXPENSES $915,829

Year-over-Year Comparison

2024 2023 Change
Revenue $874,343 $345,000 +1.5%
Expenses $915,829 $479,103 +0.9%
Net Income $-41,486 $-134,103 -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

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Governance

Voting Members
3
Independent Members
2
Employees
3
Volunteers
1

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
1
$201,538
Total Directors
3
$201,538
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN PETREE President 1.00
Officer Director
$201,538 $0 $201,538
GEMA PADGETT PRES. HR SOLUTIONS 40.00
$151,154 $0 $151,154
DENISE RIVERS Director 1.00
Director
$0 $0 $0
LONNIE MORGAN 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 $874,343 $915,829 $83,676 $-41,486
2023 $345,000 $479,103 $42,462 $-134,103
2022 $298,000 $167,478 $131,071 $130,522
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