INDUSTRIAL CORPORATION OF LULING TEXAS (EIN 741682479) - 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

1982

Legal Domicile

Principal Officer

LEM ALLEN JR

Phone

8308752818

Tax Period

2024-01-01 to 2024-12-31

INDUSTRIAL CORPORATION OF LULING TEXAS, founded in 1982, is a micro nonprofit that reported $27K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $17K, a strong 63% operating margin.

Mission

RENTAL OF FACILITIES TO BUSINESSES LOCATING IN LULING, TEXAS TO PROVIDE INDUSTRY AND RELATED EMPLOYMENT OPPORTUNITIES TO RESIDENTS OF THE COMMUNITY AND SURROUNDING 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 $27,760

Other Revenue $-459

TOTAL REVENUE $27,301

Expense Breakdown

Grants Paid $5,550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,550

Other Expenses $4,685

TOTAL EXPENSES $10,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,301	$616,781	-1.0%
Expenses	$10,235	$9,147	+0.1%
Net Income	$17,066	$607,634	-1.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY CROWELL	Secretary	1.00	Officer Director	$0	$0	$0
JOHN MOORE	Director	0.00	Director	$0	$0	$0
JOHN CARTER	Director	0.00	Director	$0	$0	$0
LEM ALLEN JR	President	4.00	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	No data	No data	No data	No data
2024	$27,301	$10,235	$1,784,475	$17,066
2023	$616,781	$9,147	$1,767,409	$607,634
2022	$27,344	$14,875	$1,166,660	$12,469
2021	$21,396	$12,956	$1,154,191	$8,440
2020	$25,392	$3,638	$1,145,751	$21,754

INDUSTRIAL CORPORATION OF LULING TEXAS