LOCAL INDEPENDENT CHARITIES OF TEX… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

MICHELLE COFFEY

Phone

4159252683

Tax Period

2024-05-01 to 2025-04-30

LOCAL INDEPENDENT CHARITIES OF TEXAS, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $917K left a modest 11% surplus.

Mission

LOCAL INDEPENDENT CHARITIES OF TEXAS RAISES FUNDS AND AWARENESS TO ASSIST NEIGHBORS IN NEED BY AIDING OUR DIVERSE PARTNER CHARITIES AND ENCOURAGING SUPPORTERS TO CONTRIBUTE TO THEIR CAUSE.

Program Service Accomplishments

Program 1

Expenses: $707,178

LICTX SCREENS AND CERTIFIES LOCAL TEXAS CHARITIES THAT MEET STANDARDS FOR INCLUSION IN THE COMBINED FEDERAL CAMPAIGN, PUBLIC SECTOR, AND CORPORATE WORKPLACE CHARITABLE FUND DRIVES. ACTING AS THE...

LICTX SCREENS AND CERTIFIES LOCAL TEXAS CHARITIES THAT MEET STANDARDS FOR INCLUSION IN THE COMBINED FEDERAL CAMPAIGN, PUBLIC SECTOR, AND CORPORATE WORKPLACE CHARITABLE FUND DRIVES. ACTING AS THE CENTRAL REPRESENTATIVE AND FISCAL AGENT IN THOSE DRIVES, LICTX INCREASES COST-EFFECTIVENESS AND EFFICIENCY. ALSO PROVIDES OTHER DIRECT DONATION OPPORTUNITIES. EXPENSES REFLECT DISTRIBUTIONS TO OUR PARTNER CHARITIES.

Program 2

Expenses: $165,253

LICTX CONNECTS DONORS TO QUALITY LOCAL TEXAS CHARITIES. PROVIDES PERSONALIZED TELEPHONE, PRINT, WEB-BASED EDUCATION AND INFORMATION SERVICES FOR CONTRIBUTORS TO USE IN GIFT-MAKING DECISIONS; TRAINS CHARITIES ON HOW TO ATTRACT AND SERVE CONTRIBUTORS; PROVIDES LOGISTICAL SUPPORT TO FUND DRIVE ORGANIZERS; PROVIDES NECESSARY MANAGEMENT AND FISCAL SERVICES.

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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 $1,023,645

Program Service Revenue $0

Investment Income $1,607

Other Revenue $0

TOTAL REVENUE $1,025,252

Expense Breakdown

Grants Paid $707,178

Salaries & Benefits $0

Fundraising Expenses $24,509

Program Expenses $872,431

Other Expenses $209,646

TOTAL EXPENSES $916,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,025,252	$992,839	+0.0%
Expenses	$916,824	$992,839	-0.1%
Net Income	$108,428	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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE MILLER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE COFFEY	BOARD SEC/TRSR	1.00	Officer Director	$0	$0	$0
CHRISTA NOLAND	BOARD MEMBER	1.00	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
2025	$1,025,252	$916,824	$1,220,181	$108,428
2024	$992,839	$992,839	$1,246,857	No data
2023	$992,872	$992,872	$1,069,106	No data
2022	$1,080,756	$1,080,756	$1,205,995	No data
2021	$1,065,221	$1,065,221	$1,227,251	No data
2020	$1,327,025	$1,327,025	$1,444,961	No data
2019	$1,577,499	$1,577,499	$1,722,633	No data

LOCAL INDEPENDENT CHARITIES OF TEXAS