HOUSTON FAMILY BUSINESS ASSOCIATION

EIN: 931972866 501(c)(3)

HOUSTON, TX

Total Revenue
$1,350
Total Expenses
$455
Total Assets
$895
Net Assets
$895
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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
HEIDI WEEKS THOME
Phone
7132660110
Tax Period
2023-06-20 to 2023-12-31

HOUSTON FAMILY BUSINESS ASSOCIATION, founded in 2023, is a micro nonprofit that reported $1K in total revenue in fiscal year 2023. The organization ran a surplus of $895, a strong 66% operating margin.

Mission

THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF PROVIDING EDUCATION, RESOURCES, AND SUPPORT FOR FAMILY-OWNED BUSINESSES OF ALL INDUSTRIES THROUGH MENTORING, SHARED EXPERIENCES, AND DEVELOPING MEANINGFUL BUSINESS RELATIONSHIPS.

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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 $1,350
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,350

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100
Other Expenses $455
TOTAL EXPENSES $455

Year-over-Year Comparison

2023 2022 Change
Revenue $1,350 N/A N/A
Expenses $455 N/A N/A
Net Income $895 N/A N/A
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
7
Independent Members
7
Employees
N/A
Volunteers
10

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD CHRIST DIRECTOR 0.00
Director
$0 $0 $0
GREG DEN HERDER DIRECTOR 0.00
Director
$0 $0 $0
KIERAN WHEELER DIRECTOR 0.00
Director
$0 $0 $0
ANN LAUFMAN DIRECTOR 0.00
Director
$0 $0 $0
EVIE SMITH DIRECTOR 0.00
Director
$0 $0 $0
HEIDI THOME DIRECTOR 0.00
Director
$0 $0 $0
JOSEPH FOXWORTH DIRECTOR 0.00
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 $1,350 $455 $895 $895
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