Your Board Finance Public‑Signal Snapshot.

At year-end, reported cash was −$54,446 (Part X, line 1), down from −$3,602 a year earlier, and grants receivable fell from $57,877 to $16,618 (line 3). Of $395,383 in total assets, $421,260 sits in property and equipment (line 10c), so an illustrative LUNA estimate — net assets without donor restrictions, less net property — was about −$101,473, or roughly −1.7 months of expenses. For an organization funded largely by cost-reimbursement grants, spending runs ahead of the money coming back, so year-end cash and receivables can swing negative even when operations are sound. Current cash on hand, the reimbursement pipeline, and any reserve or line-of-credit backstop are useful areas to confirm.

Revenue was $679,663 and expenses were $711,121, a $31,458 deficit (Part I), following a $104,584 deficit the prior year. Revenue fell from $789,207, about 13.9%, and contributions and grants from $584,106 to $481,315, about 17.6%. Net assets declined from $396,886 to $319,787, which includes a $45,641 non-operating reduction (Part XI, line 9). The public return does not show whether the trend has since stabilized or what drove the two-year decline.

Government grants were $374,468, about 55% of total revenue (Part VIII, line 1e), under the Family Violence Prevention Act (Texas Health and Human Services), the Office of the Attorney General, and the Victims of Crime Act. Grants like these are paid after the money is spent, which creates a timing gap between outlay and reimbursement. The public return does not show the current reimbursement backlog, the draw schedule, or how concentrated the funding is across contracts.

Thrift shop sales were $183,660, about 27% of total revenue (Part VIII, line 11a). Unlike organizations funded almost entirely by grants and gifts, Freedom Center Texas carries a recurring earned-revenue stream that it controls. The public return reports gross sales but not the store's net contribution after its own staffing, occupancy, and inventory costs. That net figure is worth quantifying, because it is the part of the budget least exposed to grant timing.

The Form 990 reports no written conflict-of-interest policy (Part VI, line 12a), whistleblower policy (line 13), or document-retention policy (line 14), and no independent compilation, review, or audit of the financial statements (Part XII, lines 2a and 2b are both No). Part VII lists a seven-member independent board, including a treasurer, and identifies Chris Fobbs as Executive Director with no reportable compensation shown. For an organization drawing $374,468 in government grants, these policies and an outside review are commonly expected by funders, and matter more as federal funding approaches single-audit thresholds.