HOUSTON FAMILY BUSINESS ASSOCIATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $100 Revenue: $0

ESTABLISHING THE ORGANIZATION AND REACHING OUT TO FAMILY BUSINESSES FOR EDUCATIONAL EVENTS. OUR FIRST EDUCATIONAL EVENT RELATED TO SUCCESSION PLANNING FOR FAMILY RUN BUSINESSES.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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	Role	Reportable Comp	Other Comp	Total
ROD CHRIST	DIRECTOR	Director	$0	$0	$0
GREG DEN HERDER	DIRECTOR	Director	$0	$0	$0
KIERAN WHEELER	DIRECTOR	Director	$0	$0	$0
ANN LAUFMAN	DIRECTOR	Director	$0	$0	$0
EVIE SMITH	DIRECTOR	Director	$0	$0	$0
HEIDI THOME	DIRECTOR	Director	$0	$0	$0
JOSEPH FOXWORTH	DIRECTOR	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