Financials

Treasurer’s “SNAP”Shot
January 2026

BACKGROUND
North Texas Special Needs Assistance Partners (NTX SNAP) is a 501(c)(3) organization established in 1999.  We provide educational programs and social activities for adults with special needs, primarily in the NE Tarrant County area of Dallas/Fort Worth. NTX SNAP does not receive any governmental assistance.  Our financials are based on a calendar year.

THE FINANCIAL “PROCESS”
The Board of Directors has two elected financial positions, the Assistant Treasurer and the Treasurer.  The Assistant Treasurer reviews and pays the bills, categorizes them into the standard chart of accounts, and balances the checkbook each month.  At the end of the month, the Treasurer and Assistant Treasurer jointly review the data.  Once in order, the information is forwarded to our certified public accountant who then generates our official P&L statement and Balance Sheet.  This official version along with the detailed information is then reviewed and approved at the monthly SNAP Board of Director’s meeting.

Near the end of each calendar year, the annual data is used to generate a budget for the following year.  The budget is reviewed and approved by the SNAP Board of Directors at the January meeting.

INCOME
Almost 40% of our annual income comes from grants from corporations and foundations, and donations from our patrons.  Our Administrative Director and our Board of Director’s Vice President work closely together generating grant requests.   We are constantly on the lookout for additional fundraising avenues.

In 2026, we budgeted $67K in fundraising proceeds, which is almost 50% of our income for the year.  Historically we have netted about $35K after expenses from our annual “Boots and Bling” fundraising gala.  The past two years have far exceeded the average, with net proceeds of $59K and $82K in 2024 and 2025 respectively.

In 2026, our SNAP member dues income is projected at $15K (150 members at $100), less than 10% of our 2026 income.  Occasionally the Board fields questions about the necessity and amount of the annual dues, which are very low at only $100 per member per year.  Specifically, foundations and corporations want their donations to cover Program expenses (not operating expenses), so our annual SNAP Member dues need to cover 100% of our operating expenses.  Prior to our move to FUMC-C, annual dues covered less than a third of our operating expenses.  Now that we no longer pay rent, storage and internet fees, the SNAP Member dues cover about 80% of operating expenses…still not at the desired goal of 100%.

EXPENSES
Our expenditures are divided between Program and Operating expenses.  Program expenses include Girls Night Out, Men’s Club, Ambassadors Club, Job/Life Skills, Navigating Life Class, Technology Class, Music Class, and Cooking Class.   Our SNAP Operating expenses include items such as insurance, telephone, office supplies, printing and technology fees.

Over 90% of our expenses are related to our SNAP Programs, and that is mostly made up of labor costs. This year, we are projecting over $150,000 to be spent on classes and activities.  To give an idea of the costs involved, here’s a few numbers:

Six-week Technology Class                       $3,240
One month of Cooking Class                   $2,220
One month of Navigating Life Class     $1,500
One month of Music Class                         $900

Our Operating expenses have decreased dramatically over the past year due to moving into the Youth Building at First United Methodist Church of Colleyville.  This gift eliminated rent, storage and internet fees totaling over $18K per year.  Therefore, our Operating expenses will be around $15K in 2026, and the level of operating expenditure versus total expenditures is now at the level that foundations and corporations prefer.

CASH RESERVES
Cash reserves are a common practice within the non-profit community and are essential to operating an organization such as SNAP.  For one, the timing of income is unpredictable and expenses will be incurred regardless of income.  Further, a cash reserve ensures that we will be able to sustain our programs in the event we do not generate sufficient grant money / gala proceeds each year.

From a cash standpoint, we are in excellent shape.  In 2023 (the most recent year we didn’t host the gala), we had an operating deficit of $34K, ending the year with $141K in reserve.  During the last two years, we have operated without an Executive Director.  Through a lot of hard work from the Board of Directors, paid staff, and our volunteers, we have been fortunate to dramatically increase dollars from grants and fundraising.  Our reserves are now over $250K, much of which is strategically invested in safe, secure CDs that generate interest but can be accessed when needed.   

SUMMARY
North TX SNAP has grown over 30% in membership over the last two years, and this will continue to necessitate additional labor costs and program expenses.  Over the next two years, we anticipate some significant changes in program offerings that will meet the evolving needs of our membership.

To see the 2024 and 2025 EOY statements from our accountants, please click here.
If you have any questions, please contact Mark Harrison, Rita Goodner, or any SNAP Board member.