TEXAS HERITAGE SONGWRITERS ASSOCIATION (EIN 205585748) - 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

2005

Legal Domicile

Principal Officer

JOE ABLES

Phone

5126775783

Tax Period

2024-01-01 to 2024-12-31

TEXAS HERITAGE SONGWRITERS ASSOCIATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $554K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 16% operating margin.

Mission

THE TEXAS HERITAGE SONGWRITERS ASSOCIATION PRODUCES A HALL OF FAME AWARDS SHOW. THIS IS A PUBLIC EVENT WHICH SERVES AS AN INDUCTION CEREMONY FOR ITS SONGWRITING HONOREES. OVER THE PAST DECADES MANY OF OUR SUCCESSFUL SONGWRITERS, IN ALL GENRES OF MUSIC HAVE COME FROM TEXAS. HOWEVER, WE HAVE LEARNED THAT THE QUANTITY AND QUALITY OF SUCCESSFUL SONGWRITERS MOVING TO NASHVILLE AND OTHER PLACES WHERE THEY COULD INCREASE THEIR LIKELIHOOD FOR EXPOSURE AND COMMERCIAL SUCCESS IS NOT WHAT IT ONCE WAS. ALTHOUGH SONGWRITING IS NOT A DYING ART, IT IS CERTAINLY NOT A PROLIFIC AS IT ONCE WAS. IN 2011, THE TEXAS HERITAGE SONGWRITERS ASSOCIATION DECIDED TO SEE IF THERE WERE CONTRIBUTIONS THAT THEY COULD MAKE TO REVERSE THIS TREND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $466,072

Program Service Revenue $87,335

Investment Income $207

Other Revenue $0

TOTAL REVENUE $553,614

Expense Breakdown

Grants Paid $25,500

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $385,744

Other Expenses $408,886

TOTAL EXPENSES $464,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,614	$425,991	+0.3%
Expenses	$464,386	$408,972	+0.1%
Net Income	$89,228	$17,019	+4.2%

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL MITCHELL	EXECUTIVE DI	5.00	Officer	$30,000	$0	$30,000
JOE ABLES	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE JOHNSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
CARLTON WADE	TREASURER	1.00	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	$553,614	$464,386	$360,703	$89,228
2023	$425,991	$408,972	$269,143	$17,019
2022	$423,555	$376,854	$252,124	$46,701
2021	$101,500	$116,703	$236,110	$-15,203
2020	$271,954	$320,295	$251,313	$-48,341

TEXAS HERITAGE SONGWRITERS ASSOCIATION