Innocence Project of Texas (EIN 205992659) - 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

2006

Legal Domicile

Principal Officer

Mike Ware

Phone

8067446525

Tax Period

2024-01-01 to 2024-12-31

Innocence Project of Texas, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $221K, a strong 17% operating margin.

Mission

Innocence Project of Texas (IPTX) is a nonprofit human service organization that provides legal and investigative assistance to low-income Texas citizens who were convicted of crimes they did not commit.

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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 $1,239,848

Program Service Revenue $0

Investment Income $64,277

Other Revenue $-13,871

TOTAL REVENUE $1,290,254

Expense Breakdown

Grants Paid $1,222

Salaries & Benefits $756,879

Fundraising Expenses $120,217

Program Expenses $778,754

Other Expenses $311,163

TOTAL EXPENSES $1,069,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,290,254	$1,083,658	+0.2%
Expenses	$1,069,264	$993,989	+0.1%
Net Income	$220,990	$89,669	+1.5%

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

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

$118,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Ware	Executive Dir.	40.00	Officer	$118,079	$0	$118,079
Mel LeRoy	Managing Director	40.00		$99,083	$18,348	$117,431
Jeremy A Blackman	Director	1.00	Director	$0	$0	$0
Lael Brodsky	Vice President	1.00	Officer Director	$0	$0	$0
Naomi Howard	Director	1.00	Director	$0	$0	$0
Chi Miller	Director	1.00	Director	$0	$0	$0
Ian Dowl	Director	1.00	Director	$0	$0	$0
Jay Brandon	Director	1.00	Director	$0	$0	$0
Leslie MacLean	President	1.00	Officer Director	$0	$0	$0
Michelle Staubach Grimes	Director	1.00	Director	$0	$0	$0
John Mimbela	Director	1.00	Director	$0	$0	$0
Elizabeth Ramirez	Director	1.00	Director	$0	$0	$0
Debra Spencer	Director	1.00	Director	$0	$0	$0
Jenae Ward	Director	1.00	Director	$0	$0	$0
Elsa Alcala	Director	1.00	Director	$0	$0	$0
Stefanie Alexander	Director	1.00	Director	$0	$0	$0
Jenny Saphier	Director	1.00	Director	$0	$0	$0
Monty Free	Treasurer	1.00	Officer Director	$0	$0	$0
Danielle Rohr	Secretary	1.00	Officer Director	$0	$0	$0
Chauntelle Wood	Director	1.00	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	$1,290,254	$1,069,264	$1,990,255	$220,990
2023	$1,083,658	$993,989	$1,748,251	$89,669
2022	$917,731	$821,202	$1,466,028	$96,529
2021	$900,684	$724,069	$1,354,640	$176,615
2020	$1,414,184	$500,065	$1,219,810	$914,119
2019	$496,010	$497,579	$244,441	$-1,569

Innocence Project of Texas