LAKE TEXOMA ASSOCIATION (EIN 731378406) - 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

1954

Legal Domicile

Principal Officer

BRANDI BURKHALTER

Phone

5805642334

Tax Period

2024-07-01 to 2025-06-30

LAKE TEXOMA ASSOCIATION, founded in 1954, is a small nonprofit in the Community Improvement sector that reported $249K in total revenue in fiscal year 2024.

Mission

PROVIDES ACTIVITIES TO PROMOTE THE CONSERVATION AND DEVELOPMENT OF WATER RESOURCES AND THE ECONOMIC GROWTH OF THE LAKE TEXOMA AREA THROUGH TOURISM, RECREATIONAL AND CULTURAL DEVELOPMENT.

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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 $66,298

Program Service Revenue $182,377

Investment Income $0

Other Revenue $0

TOTAL REVENUE $248,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,498

Fundraising Expenses $0

Other Expenses $203,052

TOTAL EXPENSES $269,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,675	$251,400	0.0%
Expenses	$269,550	$278,598	0.0%
Net Income	$-20,875	$-27,198	-0.2%

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

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDI BURKHALTER	EXECUTIVE DI	40.00	Director	$60,000	$0	$60,000
TIFFANY BROWN	MEMBER	1.00	Director	$0	$0	$0
PRESTON BUCKMASTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KARA BYRD	MEMBER	1.00	Director	$0	$0	$0
CHELSEA CARROLL	MEMBER	1.00	Director	$0	$0	$0
PAUL CASPERSON	MEMBER	1.00	Director	$0	$0	$0
CORTNEY GUMM	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDSAY HARBER	MEMBER	1.00	Director	$0	$0	$0
SHAMARIE HULL	MEMBER	1.00	Director	$0	$0	$0
JO MCDANIEL	MEMBER	1.00	Director	$0	$0	$0
GIGI RHOTEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KALEB RICE	MEMBER	1.00	Director	$0	$0	$0
BRIAN SASSER	MEMBER	1.00	Director	$0	$0	$0
GIGI TOLER	MEMBER	1.00	Director	$0	$0	$0
TYLER WALSTON	MEMBER	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
2025	$248,675	$269,550	$14,258	$-20,875
2024	$251,400	$278,598	$22,892	$-27,198
2023	$255,254	$322,495	$31,672	$-67,241
2022	$275,657	$260,521	$83,913	$15,136
2021	$197,157	$211,478	$68,777	$-14,321

LAKE TEXOMA ASSOCIATION