Live Oak County Area Go-Texan Inc

EIN: 261575518 501(c)(3) Education

George West, TX

Total Revenue
$132,334
Total Expenses
$148,552
Total Assets
$142,249
Net Assets
$142,247
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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
2007
Legal Domicile
TX
Phone
3613437400
Tax Period
2023-01-01 to 2023-12-31

Live Oak County Area Go-Texan Inc, founded in 2007, is a small nonprofit in the Education sector that reported $132K in total revenue in fiscal year 2023. Expenses of $149K exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide scholarships for higher education to students of Live Oak County.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,334
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $132,334

Expense Breakdown

Grants Paid $72,500
Salaries & Benefits $0
Fundraising Expenses $71,544
Program Expenses $72,500
Other Expenses $76,052
TOTAL EXPENSES $148,552

Year-over-Year Comparison

2023 2022 Change
Revenue $132,334 $137,936 0.0%
Expenses $148,552 $145,423 +0.0%
Net Income $-16,218 $-7,487 +1.2%
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

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Governance

Voting Members
4
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harold Wallace Jr President 0.00
Officer
$0 $0 $0
Donna Wallace Secretary 0.00
Officer
$0 $0 $0
Scot Deason Treasurer 0.00
Officer
$0 $0 $0
Linda Sue Barnes Vice President 0.00
Officer
$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
2023 $132,334 $148,552 $142,249 $-16,218
2021 $116,670 $88,851 $165,954 $27,819
2020 $41,444 $84,829 $138,133 $-43,385
2018 $130,701 $123,143 $195,644 $7,558
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