POTEET STRAWBERRY FESTIVAL ASSOCIATION INC (EIN 742158676) - 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

1980

Legal Domicile

Principal Officer

CHRIS LOPEZ

Phone

8307428144

Tax Period

2023-08-01 to 2024-07-31

POTEET STRAWBERRY FESTIVAL ASSOCIATION INC, founded in 1980, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring.

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.

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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 $230,410

Program Service Revenue $2,111,565

Investment Income $169

Other Revenue $123,045

TOTAL REVENUE $2,465,189

Expense Breakdown

Grants Paid $100,514

Salaries & Benefits $385,581

Fundraising Expenses $0

Program Expenses $2,377,872

Other Expenses $2,032,228

TOTAL EXPENSES $2,518,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,465,189	$3,789,471	-0.3%
Expenses	$2,518,323	$4,194,898	-0.4%
Net Income	$-53,134	$-405,427	-0.9%

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
CHRIS LOPEZ	PRESIDENT	15.00	Officer Director	$0	$0	$0
CARLOS TORRES	FMR PRESIDENT (UNTIL 6/2024)	15.00	Officer Director	$0	$0	$0
MOLLY GROESBECK SOLIS	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
RON MIXON	FMR VICE PRESIDENT (UNTIL 6/2024)	15.00	Officer Director	$0	$0	$0
DANIELLE HOWELL	TREASURER	15.00	Officer Director	$0	$0	$0
BRENT CARSON	FMR TREASURER (UNTIL 6/2024)	15.00	Officer Director	$0	$0	$0
TINA ELKINS	SECRETARY	15.00	Officer Director	$0	$0	$0
DON RETZLOFF	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT BENAVIDEZ	DIRECTOR	5.00	Director	$0	$0	$0
TERRI BUENTELLO	DIRECTOR	5.00	Director	$0	$0	$0
BOBBY DENSON	DIRECTOR	5.00	Director	$0	$0	$0
GERARD HERRERA	DIRECTOR	5.00	Director	$0	$0	$0
WILLIE LEAL	DIRECTOR	5.00	Director	$0	$0	$0
DAYLON PAYNE	DIRECTOR	5.00	Director	$0	$0	$0
LINDA RITCHEY	FMR DIRECTOR (UNTIL 7/2024)	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
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