WACO INDUSTRIAL FOUNDATION (EIN 741384272) - 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

1957

Legal Domicile

Principal Officer

Matthew Meadors

Phone

2547575609

Tax Period

2024-01-01 to 2024-12-31

WACO INDUSTRIAL FOUNDATION, founded in 1957, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11.1M, a strong 93% operating margin.

Mission

FURTHER ECO DEV IN WACO, TX AREA

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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 $0

Program Service Revenue $0

Investment Income $790,244

Other Revenue $11,077,527

TOTAL REVENUE $11,867,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $814,817

TOTAL EXPENSES $814,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,867,771	$16,160,426	-0.3%
Expenses	$814,817	$398,785	+1.0%
Net Income	$11,052,954	$15,761,641	-0.3%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH ROBERTS	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH NESBITT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER MANNING	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
DAVID LACY	PRESIDENT	1.00	Officer Director	$0	$0	$0
PHILIP PATTERSON	MEMBER	1.00	Director	$0	$0	$0
BILL CLIFTON	MEMBER	1.00	Director	$0	$0	$0
LOUIS ENGLANDER	MEMBER	1.00	Director	$0	$0	$0
CAROLYN HAFERKAMP	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
2024	$11,867,771	$814,817	$69,885,529	$11,052,954
2023	$16,160,426	$398,785	$72,847,655	$15,761,641
2022	$1,900,799	$394,257	$38,358,817	$1,506,542
2021	$3,663,149	$344,740	$35,905,694	$3,318,409
2020	$7,829,338	$1,058,966	$39,494,673	$6,770,372
2019	$544,895	$391,460	$31,997,127	$153,435
2018	$1,439,586	$448,136	$31,760,558	$991,450

WACO INDUSTRIAL FOUNDATION