TEXAS ASSOCIATION OF NEUROLOGICAL SURGEONS INC (EIN 237440958) - 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

1975

Legal Domicile

Principal Officer

MICHAEL LEONARD MD

Phone

5123701566

Tax Period

2025-01-01 to 2025-12-31

TEXAS ASSOCIATION OF NEUROLOGICAL SURGEONS INC, founded in 1975, is a small nonprofit that reported $210K in total revenue in fiscal year 2025. Expenses of $287K exceeded revenue, resulting in a 37% operating deficit.

Mission

PROVIDE EDUCATIONAL SEMINARS TO MEMBERS FOR PROFESSIONAL ADVANCEMENT OF NEUROLOGICAL SURGEONS.

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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 $207,838

Investment Income $2,377

Other Revenue $0

TOTAL REVENUE $210,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $287,183

TOTAL EXPENSES $287,183

Year-over-Year Comparison

	2025	2024	Change
Revenue	$210,215	$220,171	0.0%
Expenses	$287,183	$249,099	+0.2%
Net Income	$-76,968	$-28,928	+1.7%

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

N/A

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
MICHAEL LEONARD MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL MCGINITY MD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
AWAIS VANCE MD	TREASURER	1.00	Officer Director	$0	$0	$0
RAMSEY ASHOUR MD	SECRETARY	1.00	Officer Director	$0	$0	$0
TORAL PATEL	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
AKASH PATEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FREDERICK D TODD II MD	HISTORIAN	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
2025	$210,215	$287,183	$133,283	$-76,968
2024	$220,171	$249,099	$210,251	$-28,928
2023	$284,513	$236,267	$238,990	$48,246
2020	$221,017	$184,097	$239,106	$36,920
2019	$181,027	$175,095	$323,745	$5,932
2018	$133,259	$178,935	$287,970	$-45,676

TEXAS ASSOCIATION OF NEUROLOGICAL SURGEONS INC