North Texas Colorguard Association (EIN 200047381) - 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

2003

Legal Domicile

Principal Officer

Art Grossman

Tax Period

2023-06-01 to 2024-05-31

North Texas Colorguard Association, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Promote winterguard & indoor percussion

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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 (2023)

Revenue Breakdown

Contributions & Grants $225,618

Program Service Revenue $37,073

Investment Income $0

Other Revenue $0

TOTAL REVENUE $262,691

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,805

Other Expenses $236,403

TOTAL EXPENSES $269,327

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,691	$280,910	-0.1%
Expenses	$269,327	$280,382	0.0%
Net Income	$-6,636	$528	-13.6%

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
Michaela Bocock	Member at Large - CG	2.00	Director	$0	$0	$0
Justin Good	Parliamentarian	3.00	Director	$0	$0	$0
Ian Lewis	Member at Large - CG	2.00	Director	$0	$0	$0
Joseph Durko	Member at Large - Winds	10.00	Director	$0	$0	$0
Richard Kearns	Member at Large - Perc	10.00	Director	$0	$0	$0
Matthew Rummel	VP - Colorguard	5.00	Officer Director	$0	$0	$0
Art Grossman	President	5.00	Officer Director	$0	$0	$0
Jeff Ausdemore	VP - Percussion	4.00	Officer Director	$0	$0	$0
Caleb Hunter	Secretary	3.00	Officer Director	$0	$0	$0
Christin McNair	Treasurer	10.00	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
2024	$296,239	$283,319	$21,789	$12,920
2024	$262,691	$269,327	$20,648	$-6,636
2023	$280,910	$280,382	$31,654	$528
2022	$169,805	$223,333	$31,126	$-53,528
2021	$107,974	$88,809	$84,704	$19,165
2020	$195,766	$226,336	$65,539	$-30,570
2019	$216,584	$231,148	$96,108	$-14,564
2018	$210,135	$202,127	$106,133	$8,008

North Texas Colorguard Association