Owenwood Neighbor Space

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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

2022

Legal Domicile

Principal Officer

Jessica Hernandez

Phone

9453492728

Tax Period

2024-01-01 to 2024-12-31

Owenwood Neighbor Space, founded in 2022, is a small nonprofit in the Human Services sector that reported $431K in total revenue in fiscal year 2024. Revenue surged 457% from the prior year, signaling strong growth momentum. Expenses of $524K exceeded revenue, resulting in a 22% operating deficit.

Mission

Owenwoods mission is to create equitable opportunities for our neighbors to be known empowered and inspired.

Program Service Accomplishments

Program 1

Expenses: $362,787 Revenue: $0

Food Distribution: As an official partner agency of the North Texas Food Bank Owenwood distributes an average of 16,000 pounds of food monthly to families and individuals. In addition to monthly...

Food Distribution: As an official partner agency of the North Texas Food Bank Owenwood distributes an average of 16,000 pounds of food monthly to families and individuals. In addition to monthly distribution events neighbors access non-perishables from an on-site pantry along with milk eggs cheese and fresh produce from on-site gardens. In 2025 the program provided 187,000 pounds of food to 972 unduplicated households representing 3,114 individuals from 93 ZIP codes.

Program 2

Expenses: $22,674 Revenue: $0

Diapers Etc.: A monthly distribution program providing diapers pull-ups baby wipes feminine hygiene products and adult diapers to 245 families. In 2025 Owenwood distributed 144,000 pounds of diapers wipes and related items. The program reduces financial strain on households and promotes physical well-being allowing families to redirect limited resources toward housing stability education and transportation.

Program 3

Expenses: $68,021 Revenue: $0

Family Programs: Free monthly and annual events that strengthen family connection and access to community resources. Programming includes monthly intergenerational Family Fridays averaging 50...

Family Programs: Free monthly and annual events that strengthen family connection and access to community resources. Programming includes monthly intergenerational Family Fridays averaging 50 families per event an annual Back to School Bash 355 families served in 2025; 1,245 backpacks with school supplies distributed a Fall Festival Christmas Giveaway and End of School Spring Fling. Seasonal health events offer childhood immunizations flu shots adult screenings lab tests and Narcan at no cost.

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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 $321,237

Program Service Revenue $92,360

Investment Income $0

Other Revenue $17,000

TOTAL REVENUE $430,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,817

Fundraising Expenses $21,928

Program Expenses $453,482

Other Expenses $361,313

TOTAL EXPENSES $524,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,597	$77,362	+4.6%
Expenses	$524,130	$104,734	+4.0%
Net Income	$-93,533	$-27,372	+2.4%

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

Volunteers

200

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

$59,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Hernandez	Executive Director	40.00	Officer	$59,583	$0	$59,583
Tricia Bennett	Treasurer	5.00	Officer Director	$0	$0	$0
Rev Kerry Smith	Board Member	5.00	Director	$0	$0	$0
Lorna MacDougal	Board Member	5.00	Director	$0	$0	$0
Rhonda Sweet	Board Member	5.00	Director	$0	$0	$0
Barbara Canter	Board Member	5.00	Director	$0	$0	$0
Jasmine Francios	Board Member	5.00	Director	$0	$0	$0
Dr Julie Poole	Board Member	5.00	Director	$0	$0	$0
Rev Nathaniel Ng	Board Member	5.00	Director	$0	$0	$0
Connie Avila	Board Member	5.00	Director	$0	$0	$0
Rev Dara Austin	Board Member	5.00	Director	$0	$0	$0
Kelly Drake	Board Member	5.00	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	$430,597	$524,130	$522,333	$-93,533
2023	$77,362	$104,734	$534,557	$-27,372