TEXAS RANGER ASSOCIATION FOUNDATION

EIN: 742226156 501(c)(3)

WACO, TX

Total Revenue
$2,010,486
Total Expenses
$1,470,475
Total Assets
$4,897,328
Net Assets
$4,872,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
TX
Phone
2547521001
Tax Period
2023-01-01 to 2023-12-31

TEXAS RANGER ASSOCIATION FOUNDATION, founded in 1981, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $540K, a strong 27% operating margin.

Mission

SUPPORT ACTIVE AND RETIRED TEXAS RANGERS AND IMMEDIATE FAMILY MEMBERS THROUGH SCHOLARSHIPS, FINANCIAL ASSISTANCE, AND OPERATIONAL SUPPORT IN SERVICE TO THE CITIZENS OF TEXAS; PRESERVE AND PERPETUATE THE HISTORY AND HERITAGE OF THE TEXAS RANGERS, A DIVISION OF THE TEXAS DEPARTMENT OF PUBLIC SAFETY, THROUGH PUBLIC EDUCATION AND BY SUPPORTING THE TEXAS RANGER HALL OF FAME AND MUSEUM

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,727,693
Program Service Revenue $0
Investment Income $267,885
Other Revenue $14,908
TOTAL REVENUE $2,010,486

Expense Breakdown

Grants Paid $311,609
Salaries & Benefits $325,815
Fundraising Expenses $27,030
Program Expenses $1,320,009
Other Expenses $833,051
TOTAL EXPENSES $1,470,475

Year-over-Year Comparison

2023 2022 Change
Revenue $2,010,486 $674,689 +2.0%
Expenses $1,470,475 $1,670,420 -0.1%
Net Income $540,011 $-995,731 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
3
Volunteers
25

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
5
$0
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WADE Director 2.00
Director
$0 $0 $0
JORGE CISNEROS Director 2.00
Director
$0 $0 $0
ALVARO GONZALES Director 2.00
Director
$0 $0 $0
JOEY MCCARTY Director 2.00
Director
$0 $0 $0
CLIFF CALDWELL Director 2.00
Director
$0 $0 $0
WILLIAM MOREFIELD Director 2.00
Director
$0 $0 $0
CRAIG KUIPER Director 2.00
Director
$0 $0 $0
ERIC SIMPSON Treasurer 5.00
Director
$0 $0 $0
MICHAEL ETHRIDGE Director 2.00
Director
$0 $0 $0
BRAD ROBERTS Director 2.00
Director
$0 $0 $0
RAY NAIZER Director 2.00
Director
$0 $0 $0
JERRY MILLHOLLON Director 2.00
Director
$0 $0 $0
GREG AMMONS Director 2.00
Director
$0 $0 $0
CLAY CASH Director 2.00
Director
$0 $0 $0
REGGIE FRANKLIN Director 2.00
Director
$0 $0 $0
SCOTT EGERT Director 2.00
Director
$0 $0 $0
MATT CASWELL Director 2.00
Director
$0 $0 $0
DAVID GAITHER Director 2.00
Director
$0 $0 $0
JIMMY HASSLOCHER Director 2.00
Director
$0 $0 $0
RICK HERNANDEZ Chairman 10.00
Officer Director
$0 $0 $0
JOE KAY Director 2.00
Director
$0 $0 $0
STEVE LAMANTIA Secretary 2.00
Director
$0 $0 $0
CARL LAMBERT Vice Chairman 5.00
Officer Director
$0 $0 $0
BENIGNO MARTINEZ Director 2.00
Director
$0 $0 $0
RUSSELL MOLINA Director 1.00
Officer Director
$0 $0 $0
THOMAS SCHLEIER Past Chairman 2.00
Officer Director
$0 $0 $0
CONSTANCE WHITE Director 2.00
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
2024 No data No data No data No data
2023 $2,010,486 $1,470,475 $4,897,328 $540,011
2022 $674,689 $1,670,420 $5,184,519 $-995,731
2021 $2,925,870 $1,131,847 $5,367,630 $1,794,023
2020 $758,553 $543,506 $3,596,002 $215,047
2019 $1,082,292 $589,075 $3,322,359 $493,217
2018 $756,784 $975,349 $2,831,518 $-218,565
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