TEXAS LATHING & PLASTERING CONTRACTORS ASSOCIATION (EIN 741172971) - 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

1952

Legal Domicile

Principal Officer

David Long

Phone

8174610676

Tax Period

2024-01-01 to 2024-12-31

TEXAS LATHING & PLASTERING CONTRACTORS ASSOCIATION, founded in 1952, is a micro nonprofit that reported $37K in total revenue in fiscal year 2024. Expenses of $87K exceeded revenue, resulting in a 139% operating deficit.

Mission

A NON-PROFIT TRADE ASSOCIATION ENGAGED IN THE PROMOTION AND ADVANCEMENT OF THE STUCCO, LATH, PLASTER AND EIFS INDUSTRY IN TEXAS.

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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 $40,795

Program Service Revenue $0

Investment Income $13

Other Revenue $-4,214

TOTAL REVENUE $36,594

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $36,732

Fundraising Expenses $0

Program Expenses $0

Other Expenses $42,661

TOTAL EXPENSES $87,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,594	$37,244	0.0%
Expenses	$87,393	$87,675	0.0%
Net Income	$-50,799	$-50,431	+0.0%

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

Total Directors

Key Employees

$32,241

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE MCCORMICK	EXECUTIVE DIRECTOR	20	Key Emp Highest	$32,241	$0	$32,241
STEVE JOHNSTON	DIRECTOR	2	Director	$0	$0	$0
JOSEPH FRANK	DIRECTOR	2	Director	$0	$0	$0
WALTER AGUILAR	DIRECTOR	2	Director	$0	$0	$0
BRUCE HONORE	DIRECTOR	2	Director	$0	$0	$0
TREY HARRIS	DIRECTOR	2	Director	$0	$0	$0
BLAKE MEADOR	DIRECTOR	2	Director	$0	$0	$0
TINA CANNEDY	DIRECTOR	2	Director	$0	$0	$0
GEORGE ADAMS	DIRECTOR	2	Director	$0	$0	$0
CLAYTON DUPREE	DIRECTOR	2	Director	$0	$0	$0
MIKE GRIFFIN	PRESIDENT	4	Officer	$0	$0	$0
ERIC KIHL	SECRETARY-TREASURER	3	Officer	$0	$0	$0
FRANCISCO FRANCO	IMMEDIATE PAST PRESIDENT	3	Officer	$0	$0	$0
DAVID LONG	VICE PRESIDENT	3	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
2024	$36,594	$87,393	$120,962	$-50,799
2023	$37,244	$87,675	$171,761	$-50,431
2022	$51,499	$96,624	$222,192	$-45,125
2021	$56,309	$69,816	$267,617	$-13,507
2020	$70,454	$64,315	$284,767	$6,139

TEXAS LATHING & PLASTERING CONTRACTORS ASSOCIATION