KILLEEN INDUSTRIAL FOUNDATION (EIN 741895720) - 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

1955

Legal Domicile

Principal Officer

TAD DORROH

Phone

2545269551

Tax Period

2023-10-01 to 2024-09-30

KILLEEN INDUSTRIAL FOUNDATION, founded in 1955, is a micro nonprofit that reported $30K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 85% operating margin.

Mission

TO PROMOTE INDUSTRIAL DEVELOPMENT IN THE KILLEEN, TEXAS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $29,584

Other Revenue $0

TOTAL REVENUE $29,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,435

Other Expenses $4,435

TOTAL EXPENSES $4,435

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,584	$15,217	+0.9%
Expenses	$4,435	$1,016	+3.4%
Net Income	$25,149	$14,201	+0.8%

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	Role	Reportable Comp	Other Comp	Total
FRED LATHAM	COMMITTEE MEMBER	Director	$0	$0	$0
JOHN GILMORE	PRESIDENT	Officer Director	$0	$0	$0
JOHN CRUTCHFIELD III	SECRETARY	Officer Director	$0	$0	$0
JIM FOSTER	TREASURER	Officer Director	$0	$0	$0
DAVID BARR	COMMITTEE MEMBER	Director	$0	$0	$0
DON FAREK	COMMITTEE MEMBER	Director	$0	$0	$0
ALLEN CLOUD	COMMITTEE MEMBER	Director	$0	$0	$0
KATHY GILMORE	COMMITTEE MEMBER	Director	$0	$0	$0
BOBBY HOXWORTH	COMMITTEE MEMBER	Director	$0	$0	$0
CHARLES HOLLINGER	COMMITTEE MEMBER	Director	$0	$0	$0
BILL KLIEWER	COMMITTEE MEMBER	Director	$0	$0	$0
RAYMOND PEREZ	COMMITTEE MEMBER	Director	$0	$0	$0
TERRY TUGGLE	COMMITTEE MEMBER	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	$29,584	$4,435	$2,148,421	$25,149
2023	$15,217	$1,778	$2,123,109	$13,439
2022	$37,695	$2,645	$2,460,230	$35,050
2021	$61,227	$2,514	$2,425,180	$58,713
2020	$60,087	$1,892	$2,366,467	$58,195
2019	$58,225	$6,360	$2,308,272	$51,865
2018	$2,477	$2,450	$2,256,407	$27

KILLEEN INDUSTRIAL FOUNDATION