TEXAS INTERNATIONAL FISHING TOURNAMENT INC (EIN 741853713) - 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

1934

Legal Domicile

Principal Officer

Melissa Mikulik

Phone

9569438438

Tax Period

2024-01-01 to 2024-12-31

TEXAS INTERNATIONAL FISHING TOURNAMENT INC, founded in 1934, is a small nonprofit that reported $408K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $79K, a strong 19% operating margin.

Mission

TO PROMOTE EDUCATION BY AWARDING SCHOLARSHIPS. THE ORGANIZATION HOLDS AN ANNUAL FISHING TOURNAMENT TO RAISE FUNDS THAT IS OPEN TO ALL AGES.

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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 $0

Other Revenue $408,153

TOTAL REVENUE $408,153

Expense Breakdown

Grants Paid $53,000

Salaries & Benefits $62,243

Fundraising Expenses $0

Program Expenses $329,094

Other Expenses $213,851

TOTAL EXPENSES $329,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,153	$468,938	-0.1%
Expenses	$329,094	$508,582	-0.4%
Net Income	$79,059	$-39,644	-3.0%

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

200

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

$54,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI COLLIER	TOURN. DIRECTOR	4.00	Director	$54,333	$0	$54,333
MELISSA MIKULIK	President	4.00	Officer Director	$0	$0	$0
MITCH HEIDENHEIMER	Vice President	4.00	Officer Director	$0	$0	$0
REBECCA GALVAN	Secretary	4.00	Officer Director	$0	$0	$0
WES HUDSON	Treasurer	4.00	Officer Director	$0	$0	$0
ART DELGADO	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
CHUCK FULTZ	Director	4.00	Director	$0	$0	$0
JON BOX	Director	4.00	Director	$0	$0	$0
MATT KLOSTERMANN	Director	4.00	Director	$0	$0	$0
LUCY ANN WOLTHOFF	Director	4.00	Director	$0	$0	$0
HAYLEY LAWSON	Director	4.00	Director	$0	$0	$0
KASTON FULTZ	Director	4.00	Director	$0	$0	$0
KEITH JUD	Director	4.00	Director	$0	$0	$0
CARRIE BUCHEN	Director	4.00	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	$408,153	$329,094	$166,557	$79,059
2023	$468,938	$508,582	$87,498	$-39,644
2022	$427,385	$450,720	$127,142	$-23,335
2021	$332,088	$287,263	$150,477	$44,825
2020	$111,675	$197,890	$105,652	$-86,215
2019	$340,506	$305,972	$191,867	$34,534
2018	$314,107	$295,566	$157,333	$18,541

TEXAS INTERNATIONAL FISHING TOURNAMENT INC