A Texas Turn or Two Inc dba Southw… - 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

1992

Legal Domicile

Phone

8172299676

Tax Period

2025-01-01 to 2025-12-31

A Texas Turn or Two Inc dba Southwest Association of Turners, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $206K in total revenue in fiscal year 2025. Expenses of $177K left a modest 14% surplus.

Mission

To conduct an annual woodturning symposium to educate the public about woodturning.

Program Service Accomplishments

Program 1

Expenses: $171,080 Revenue: $202,298

Conducted the annual 3-day Woodturning Symposium in Waco, Texas, during August, featuring nationally and internationally known woodturners. Over 600 people attended.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $193,612

Investment Income $16,097

Other Revenue $-4,106

TOTAL REVENUE $205,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,080

Other Expenses $177,213

TOTAL EXPENSES $177,213

Year-over-Year Comparison

	2025	2024	Change
Revenue	$205,603	$207,066	0.0%
Expenses	$177,213	$176,453	+0.0%
Net Income	$28,390	$30,613	-0.1%

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
Pam Thompson	President	5.00	Officer Director	$0	$0	$0
Lee Craft	Director	1.00	Director	$0	$0	$0
Dave Wieters	Director	1.00	Director	$0	$0	$0
Don Ward	Director	1.00	Director	$0	$0	$0
Andrew Phillips	Director	1.00	Director	$0	$0	$0
Peter Tkacs	Director	1.00	Director	$0	$0	$0
Roger Tipton	Director	1.00	Director	$0	$0	$0
Ron D'Aunoy	Director	1.00	Director	$0	$0	$0
Charles Rood	Director	1.00	Director	$0	$0	$0
Dwayne Colwell	Director	1.00	Director	$0	$0	$0
Dave Marshall	Treasurer	5.00	Officer Director	$0	$0	$0
Tom Beatty	Director	1.00	Director	$0	$0	$0
Ken Birjkovff	Director	1.00	Director	$0	$0	$0
Jim Oliver	Director	1.00	Director	$0	$0	$0
Greg Stehle	Vice President	1.00	Director	$0	$0	$0
Stormy Boudreaux	Secretary	5.00	Officer Director	$0	$0	$0
Dennis Ford	Director	1.00	Director	$0	$0	$0
James Carter	Director	1.00	Director	$0	$0	$0
Walter Mooney	Director	1.00	Director	$0	$0	$0
Jim Bob Burgoon	Director	1.00	Director	$0	$0	$0
Sarah Clinesmith	Director	1.00	Director	$0	$0	$0
Blake Hickerson	Director	1.00	Director	$0	$0	$0
Bill Burgoon	Director	1.00	Director	$0	$0	$0
Fred Schell	Director	1.00	Director	$0	$0	$0
Kathy Hampton Weir	Director	1.00	Director	$0	$0	$0
Jeff Weaver	Director	1.00	Director	$0	$0	$0
George Hancock	Director	1.00	Director	$0	$0	$0
Derrick Mellberg	Director	1.00	Director	$0	$0	$0
Drew Shelton	Director	1.00	Director	$0	$0	$0
Pam Whelan	Director	1.00	Director	$0	$0	$0
Brian Schrader	Vice President	5.00	Officer Director	$0	$0	$0
Buddy Compton	Vice President	5.00	Officer Director	$0	$0	$0
Daniel Schauer	Director	1.00	Director	$0	$0	$0
Patrick Crumpton	Director	1.00	Director	$0	$0	$0
Ruth Meyer	Director	1.00	Director	$0	$0	$0
Dave Wolter	Director	1.00	Director	$0	$0	$0
Waukeene Vinson	Director	1.00	Director	$0	$0	$0
Henry Pennell	Vice President	5.00	Officer 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	$205,603	$177,213	$224,131	$28,390
2024	$207,066	$176,453	$195,741	$30,613
2019	$191,635	$163,989	$189,702	$27,646

A Texas Turn or Two Inc dba Southwest Association of Turners