GREATER HOUSTON PORT BUREAU INC

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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

1937

Legal Domicile

Principal Officer

ERIC CARRERO

Phone

7136784300

Tax Period

2024-01-01 to 2024-12-31

GREATER HOUSTON PORT BUREAU INC, founded in 1937, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 9% surplus.

Mission

TO ASSIST THE TEXAS MARITIME INDUSTRY BY PROVIDING INFORMATION AND SERVICES TO SUPPORT SUCCESSFUL, SECURE, AND ENVIRONMENTALLY-RESPONSIBLE SHIPPING AND TERMINAL BUSINESSES FACILITATING COMMERCE AND COOPERATION IN THE GREATER HOUSTON REGION.

Program Service Accomplishments

Program 1

FACILITATED DOMESTIC, INTERMODAL, AND INTERNATIONAL COMMERCE TO PROMOTE ECONOMIC GROWTH THROUGH TEXAS GULF SEAPORTS FOR APPROXIMATELY 230 MEMBERS.

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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 $1,083,588

Program Service Revenue $752,055

Investment Income $7,948

Other Revenue $-83,046

TOTAL REVENUE $1,760,545

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $1,119,129

Fundraising Expenses $0

Other Expenses $475,090

TOTAL EXPENSES $1,597,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,760,545	$1,821,767	0.0%
Expenses	$1,597,219	$1,563,310	+0.0%
Net Income	$163,326	$258,457	-0.4%

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

$503,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT J DICOSIMO	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BERNT NETLAND	IMMEDIATE PAST CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOHN SULLIVAN	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
KIRK JACKSON	1ST VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOHN W SCHLOSSER	2ND VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
MARCIA FASCHINGBAUER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
TOM MARIAN	DIRECTOR	1.00	Director	$0	$0	$0
VINNY PILEGGE	DIRECTOR	1.00	Director	$0	$0	$0
BOB SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE SYLVESTER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CAPT CLINT WINEGAR	DIRECTOR	1.00	Director	$0	$0	$0
DAVE WESTON	DIRECTOR	1.00	Director	$0	$0	$0
ARIANA ALMAGUER	DIRECTOR	1.00	Director	$0	$0	$0
TIM BERRY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BERTRAND	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BLACK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT H BLADES	DIRECTOR	1.00	Director	$0	$0	$0
MARIA CILIBERTI	DIRECTOR	1.00	Director	$0	$0	$0
TODD COVINI	DIRECTOR	1.00	Director	$0	$0	$0
ERNIE FARRAND	DIRECTOR	1.00	Director	$0	$0	$0
MICKEY FRANCO	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY GAUTHIER	DIRECTOR	1.00	Director	$0	$0	$0
GARRETT GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP KUEBLER	DIRECTOR	1.00	Director	$0	$0	$0
BRETT B MILUTIN	DIRECTOR	1.00	Director	$0	$0	$0
TYSON MOELLER	DIRECTOR	1.00	Director	$0	$0	$0
LANCE NUNEZ	DIRECTOR	1.00	Director	$0	$0	$0
CAPT MARK SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
KARL SCHRODER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TIM STUDDERT	DIRECTOR	1.00	Director	$0	$0	$0
GARETH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MATT WOODRUFF	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE SCHLENKER	VICE PRESIDENT	50.00	Officer	$190,011	$19,315	$209,326
ERIC M CARRERO	PRESIDENT	50.00	Officer	$277,000	$16,739	$293,739

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	$1,760,545	$1,597,219	$1,866,399	$163,326
2023	$1,821,767	$1,563,310	$1,617,629	$258,457
2022	$1,553,894	$1,466,239	$1,390,529	$87,655
2021	$1,656,235	$1,470,513	$1,268,105	$185,722
2020	$1,157,821	$1,122,324	$1,167,914	$35,497
2019	$1,287,240	$1,241,903	$1,057,789	$45,337