CENTRAL TEXAS QUALITY OF LIFE FOUNDATION INC

EIN: 932375883 501(c)(3) Education

AUSTIN, TX

Total Revenue
$201,576
Total Expenses
$4,667
Total Assets
$228,684
Net Assets
$216,925
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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
SUSAN DAVENPORT
Phone
5129259968
Tax Period
2024-01-01 to 2024-12-31

CENTRAL TEXAS QUALITY OF LIFE FOUNDATION INC, founded in 2023, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2024. The organization ran a surplus of $197K, a strong 98% operating margin.

Mission

THE ORGANIZATION CONDUCTS PROGRAMS AND SPONSORS ACITIVITIES AND EVENTS THAT INCLUDE: LONG-TERM WORKFORCE DEVELOPMENT PROGRAMS; TRAINING AND WORKSHOPS WITH PROSPECTIVE COLLEGE STUDENTS; AND FINANCIAL SUPPORT FOR SKILLS TRAINING FOR STUDENTS TO PARTICIPATE IN POST-SECONDARY EDUCATION.

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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 $200,928
Program Service Revenue $0
Investment Income $648
Other Revenue $0
TOTAL REVENUE $201,576

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,667
TOTAL EXPENSES $4,667

Year-over-Year Comparison

2024 2023 Change
Revenue $201,576 N/A N/A
Expenses $4,667 N/A N/A
Net Income $196,909 $0 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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$387,914
Total Directors
3
$387,914
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY FARMER PRESIDENT 1.00
Officer Director
$0 $0 $0
ED LATSON SECRETARY 1.00
Officer Director
$0 $24,152 $387,914
JAMES DYESS TREASURER 1.00
Officer 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 $201,576 $4,667 $228,684 $196,909
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