POTEET STRAWBERRY FESTIVAL ASSOCIA… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

LOUIS CHRIS LOPEZ

Phone

8307428144

Tax Period

2024-08-01 to 2025-07-31

POTEET STRAWBERRY FESTIVAL ASSOCIATION INC, founded in 1980, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

THE POTEET STRAWBERRY FESTIVAL ASSOCIATION, INC. WILL PRODUCE THE BEST ANNUAL FESTIVAL IN THE STATE OF TEXAS, PROMOTE THE POTEET STRAWBERRY INDUSTRY, ENRICH THE LOCAL ECONOMY, PROVIDE AN ACTIVITY FOR CIVIC, CHURCH AND SCHOOL GROUPS TO EARN NEEDED FUNDS, PROMOTE THE COMMUNITY AND AWARD SCHOLARSHIPS FOR GRADUATING SENIORS.

Program Service Accomplishments

Program 1

Expenses: $3,085,836 Revenue: $3,103,581

THE POTEET STRAWBERRY FESTIVAL IS HELD TO PUBLICIZE AND PROMOTE POTEET STRAWBERRY PRODUCTION, PROCESSING, AND SALES. THERE WERE APPROXIMATELY 75,000 TO 100,000 PEOPLE WHO ATTENDED THE FESTIVAL THIS YEAR. THE ORGANIZATION ALSO AWARDS SCHOLARSHIPS TO LOCAL YOUTH AND GIVES DONATIONS TO ORGANIZATIONS WITHIN THE COMMUNITY.

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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 $154,980

Program Service Revenue $2,751,328

Investment Income $62

Other Revenue $352,253

TOTAL REVENUE $3,258,623

Expense Breakdown

Grants Paid $138,350

Salaries & Benefits $311,315

Fundraising Expenses $0

Program Expenses $3,085,836

Other Expenses $2,791,055

TOTAL EXPENSES $3,240,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,258,623	$2,465,189	+0.3%
Expenses	$3,240,720	$2,518,323	+0.3%
Net Income	$17,903	$-53,134	-1.3%

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

Volunteers

1500

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
LOUIS CHRIS LOPEZ	PRESIDENT	15.00	Officer Director	$0	$0	$0
MOLLY GROESBECK SOLIS	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
TINA ELKINS	SECRETARY	15.00	Officer Director	$0	$0	$0
DANIELLE HOWELL	TREASURER (THRU 9/24 THEN DIRECTOR)	15.00	Officer Director	$0	$0	$0
DENISE MARTINEZ	DIRECTOR/TREASURER (EFF 9/24)	15.00	Officer Director	$0	$0	$0
RON MIXON	DIRECTOR (THRU 5/25)	5.00	Director	$0	$0	$0
ROBERT BENAVIDEZ	DIRECTOR (THRU 5/25)	5.00	Director	$0	$0	$0
TERRI BUENTELLO	DIRECTOR	5.00	Director	$0	$0	$0
BRENT CARSON	DIRECTOR	5.00	Director	$0	$0	$0
BOBBY DENSON	DIRECTOR (THRU 5/25)	5.00	Director	$0	$0	$0
GERARD HERRERA	DIRECTOR	5.00	Director	$0	$0	$0
WILLIE LOPEZ	DIRECTOR	5.00	Director	$0	$0	$0
DAYLON PAYNE	DIRECTOR (THRU 5/25)	5.00	Director	$0	$0	$0
DON RETZLOFF	DIRECTOR (THRU 5/25)	5.00	Director	$0	$0	$0
CARLOS TORRES	DIRECTOR (THRU 5/25)	5.00	Director	$0	$0	$0
BRUCE EICHMAN	DIRECTOR (EFF 6/25)	5.00	Director	$0	$0	$0
JOHN SHIPLEY	DIRECTOR (EFF 6/25)	5.00	Director	$0	$0	$0
BARBARA FRANKLIN	DIRECTOR (EFF 6/25)	5.00	Director	$0	$0	$0
JOEL GARCIA	DIRECTOR (EFF 6/25)	5.00	Director	$0	$0	$0
JEFF URIBE	DIRECTOR (EFF 6/25)	5.00	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
2025	$3,258,623	$3,240,720	$1,956,243	$17,903
2024	$2,465,189	$2,518,323	$1,985,481	$-53,134
2023	$3,789,471	$4,194,898	$2,091,942	$-405,427
2022	$3,500,632	$3,779,605	$2,454,312	$-278,973
2021	$4,158,340	$2,418,588	$2,784,657	$1,739,752
2020	$108,239	$587,113	$1,053,014	$-478,874
2019	$2,915,919	$3,142,758	$1,385,455	$-226,839
2018	$3,309,723	$3,248,370	$1,612,873	$61,353

POTEET STRAWBERRY FESTIVAL ASSOCIATION INC