THUNDERCLOUD SUBS TURKEY TROT C/O MICHAEL G HAGGERTY

EIN: 273388555 501(c)(3) Philanthropy & Grantmaking

AUSTIN, TX

Total Revenue
$830,527
Total Expenses
$825,567
Total Assets
$59,140
Net Assets
$37,329
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TX
Principal Officer
MICHAEL G HAGGERTY
Phone
5124798805
Tax Period
2024-04-01 to 2025-03-31

THUNDERCLOUD SUBS TURKEY TROT C/O MICHAEL G HAGGERTY, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $831K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

THUNDERCLOUD SUBS TURKEY TROY'S MISSION IS TO RAISE FUNDS THROUGH SPONSORING COMMUNITY EVENTS' SAID FUNDS TO BE DISTRIBUTED TO LOCAL CHARITABLE ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $825,567 Revenue: $702,936

THUNDERCLOUD SUBS TURKEY TROT ORGANIZES AND OPERATES A 5 MILE RACE/RUN THROUGH THE STREETS OF AUSTIN, TEXAS ON THANKSGIVING DAY. THERE WERE OVER 21,288 PARTICIPANTS WHO PAID TO PARTICIPATE IN ONE OF...

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THUNDERCLOUD SUBS TURKEY TROT ORGANIZES AND OPERATES A 5 MILE RACE/RUN THROUGH THE STREETS OF AUSTIN, TEXAS ON THANKSGIVING DAY. THERE WERE OVER 21,288 PARTICIPANTS WHO PAID TO PARTICIPATE IN ONE OF THE 3 DIFFERENT COURSES OPTIONS - 5 MILE, KIDS 1K, AND A 1 MILE WALK. AFTER ALL EXPENSES ARE PAID THE PROCEEDS ARE DISTRIBUTED TO A LOCAL CHARITY CALLED CARITAS. CARITAS OF AUSTIN IS A NON-PROFIT ORGANIZATION THAT CURRENTLY SERVES HOMELESS, WORKING POOR AND DOCUMENTED REFUGEES IN TRAVIS 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 (2024)

Revenue Breakdown

Contributions & Grants $98,999
Program Service Revenue $702,936
Investment Income $0
Other Revenue $28,592
TOTAL REVENUE $830,527

Expense Breakdown

Grants Paid $425,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $825,567
Other Expenses $400,567
TOTAL EXPENSES $825,567

Year-over-Year Comparison

2024 2023 Change
Revenue $830,527 $655,322 +0.3%
Expenses $825,567 $637,771 +0.3%
Net Income $4,960 $17,551 -0.7%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
580

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL G HAGGERTY PRES., TREAS N/A
Officer Director
$0 $0 $0
JEAN F HAGGERTY SECRETARY N/A
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 $830,527 $825,567 $59,140 $4,960
2024 $655,322 $637,771 $50,456 $17,551
2023 $519,791 $531,474 $32,905 $-11,683
2022 $494,943 $555,952 $44,587 $-61,009
2021 $265,236 $227,704 $225,596 $37,532
2020 $628,758 $601,925 $68,108 $26,833
2019 $654,404 $625,163 $41,275 $29,241
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