CENTRAL TEXAS EDUCATION CENTER

EIN: 923953659 501(c)(3) Education

BROWNWOOD, TX

Total Revenue
$264,163
Total Expenses
$254,449
Total Assets
$68,678
Net Assets
$66,247
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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
TX
Principal Officer
WILLIAM HOFFMAN
Phone
5805099903
Tax Period
2024-01-01 to 2024-12-31

CENTRAL TEXAS EDUCATION CENTER, founded in 2023, is a small nonprofit in the Education sector that reported $264K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $254K left a modest 4% surplus.

Mission

TO EDUCATE STUDENTS WITH AN INNOVATIVE CURRICULUM THAT INCORPORATES A BIBLICAL WORLDVIEW AND TO PROVIDE A CONDUCIVE ENVIRONMENT FOR CHRISTIAN CHARACTER THROUGH SERVANTHOOD.

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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 $41,755
Program Service Revenue $217,928
Investment Income $207
Other Revenue $4,273
TOTAL REVENUE $264,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,309
Fundraising Expenses $0
Program Expenses $202,651
Other Expenses $93,140
TOTAL EXPENSES $254,449

Year-over-Year Comparison

2024 2023 Change
Revenue $264,163 $147,958 +0.8%
Expenses $254,449 $91,425 +1.8%
Net Income $9,714 $56,533 -0.8%
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
13
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
0
$0
Total Directors
3
$41,266
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM HOFFMAN President 40.00
Director
$29,266 $12,000 $41,266
MARCO SANDOVAL Treasurer 2.00
Director
$0 $0 $0
GARY DAY Secretary 2.00
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 $264,163 $254,449 $68,678 $9,714
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