LOCAL INDEPENDENT CHARITIES OF TEXAS (EIN 943219813) - Form 990 Financial Analysis & Trantor Score

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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

LICTX WORKS TO STRENGTHEN LOCAL COMMUNITIES AND ADDRESS SPECIFIC LOCAL NEEDS BY CONNECTING GENEROUS DONORS WITH CAUSE RELATED ORGANIZATIONS.

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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