REEL THANX INC

EIN: 061834089 501(c)(3) Human Services

MIDLAND, TX

Total Revenue
$136,714
Total Expenses
$125,933
Total Assets
$402,845
Net Assets
$400,169
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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
2008
Legal Domicile
TX
Principal Officer
STEVE DUNAGAN
Phone
2816650962
Tax Period
2024-01-01 to 2024-12-31

REEL THANX INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $137K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $126K left a modest 8% surplus.

Mission

TO HONOR OUR MILITARY SERVICE MEMBERS, BOTH ACTIVE DUTY AND RETIRED, FOR THEIR PATRIOTISM, BRAVERY, AND LOVE OF COUNTRY BY GETTING THEM BACK TO NATURE. TAKING THEM FISHING SO THEY CAN FOCUS ON WHAT THEY CAN DO, NOT WHAT THEY NO LONGER CAN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $136,357
Program Service Revenue $0
Investment Income $29
Other Revenue $328
TOTAL REVENUE $136,714

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,497
Other Expenses $125,933
TOTAL EXPENSES $125,933

Year-over-Year Comparison

2024 2023 Change
Revenue $136,714 $175,395 -0.2%
Expenses $125,933 $121,297 +0.0%
Net Income $10,781 $54,098 -0.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
27

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE DUNAGAN PRESIDENT 7.67
Officer Director
$0 $0 $0
MIKE W STARKEY VICE PRESIDE 11.54
Officer Director
$0 $0 $0
MIKE LIPSEY SECRETARY 7.67
Officer Director
$0 $0 $0
GEORGE BAER DIRECTOR 19.23
Director
$0 $0 $0
CARSON MACHEN DIRECTOR 7.67
Director
$0 $0 $0
BRIAN PARKER DIRECTOR 7.67
Director
$0 $0 $0
ERIC PEACOCK DIRECTOR 7.67
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 $136,714 $125,933 $402,845 $10,781
2023 $175,395 $121,297 $390,000 $54,098
2022 $141,767 $109,844 $336,625 $31,923
2021 $167,040 $131,130 $304,165 $35,910
2020 $100,668 $76,453 $267,457 $24,215
2019 $100,667 $141,492 $243,242 $-40,825
2018 $150,053 $140,320 $284,067 $9,733
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