HABTEX MORTGAGE SERVICES

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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

2023

Legal Domicile

Principal Officer

AMY LEDBETTER PARHAM

Phone

5125235725

Tax Period

2024-07-01 to 2025-06-30

HABTEX MORTGAGE SERVICES, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $315K in total revenue in fiscal year 2024. Expenses of $422K exceeded revenue, resulting in a 34% operating deficit.

Mission

OUR MISSION IS TO EMPOWER HABITAT HOMEOWNERS THROUGH TRANSPARENT MORTGAGE SOLUTIONS, EXCEPTIONAL SERVICE, AND LIFELONG LEARNING, FOSTERING STRONG CONNECTIONS AND A SENSE OF FAMILY EVERY STEP OF THE WAY.

Program Service Accomplishments

Program 1

Expenses: $297,603 Revenue: $314,612

THE ORGANIZATION SERVICES THE MORTGAGES OF HABITAT FOR HUMANITY HOMEOWNERS IN THE STATE OF TEXAS. THE ORGANIZATION BEGAN SERVICING ACTIVITIES ON JULY 1, 2024.

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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 $0

Program Service Revenue $314,612

Investment Income $0

Other Revenue $0

TOTAL REVENUE $314,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,711

Fundraising Expenses $28,871

Program Expenses $297,603

Other Expenses $133,090

TOTAL EXPENSES $421,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,612	N/A	N/A
Expenses	$421,801	$181,613	+1.3%
Net Income	$-107,189	$-181,613	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY LEDBETTER PARHAM	BOARD CHAIR	5.00	Director	$0	$0	$0
PHILIP STACY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG CHICK	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
2025	$314,612	$421,801	$1,136,396	$-107,189
2024	No data	No data	No data	No data