Texas Future Farmers of America Foundation Inc

EIN: 742520515 501(c)(3) Food, Agriculture & Nutrition

Austin, TX

Total Revenue
$1,380,017
Total Expenses
$1,493,104
Total Assets
$15,160,373
Net Assets
$14,189,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
TX
Phone
5124808047
Tax Period
2023-01-01 to 2023-12-31

Texas Future Farmers of America Foundation Inc, founded in 1987, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.4M in total revenue in fiscal year 2023. Net assets of $14.2M represent 123 months of operating reserves.

Mission

STRENGTHEN AGRICULTURAL EDUCATION AND THE TEXAS FFA PROGRAM, SO EACH STUDENT CAN DEVELOP THEIR POTENTIAL FOR PERSONAL GROWTH, CAREER SUCCESS, AND LEADERSHIP IN A GLOBAL MARKETPLACE.

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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 $1,131,905
Program Service Revenue $0
Investment Income $260,057
Other Revenue $-11,945
TOTAL REVENUE $1,380,017

Expense Breakdown

Grants Paid $276,250
Salaries & Benefits $357,089
Fundraising Expenses $133,987
Program Expenses $1,123,003
Other Expenses $859,765
TOTAL EXPENSES $1,493,104

Year-over-Year Comparison

2023 2022 Change
Revenue $1,380,017 $1,337,644 +0.0%
Expenses $1,493,104 $1,526,016 0.0%
Net Income $-113,087 $-188,372 -0.4%
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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Governance

Voting Members
30
Independent Members
30
Employees
3
Volunteers
45

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
$152,409
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice Chairman 2.0
Officer Director
$0 $0 $0
N/A Chairman 2.0
Officer Director
$0 $0 $0
N/A Treasurer 2.0
Officer Director
$0 $0 $0
N/A Secretary 2.0
Officer Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Executive Director 40.0
Officer
$143,000 $9,409 $152,409
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 $1,380,017 $1,493,104 $15,160,373 $-113,087
2022 $1,337,644 $1,526,016 $13,944,900 $-188,372
2021 $1,874,743 $1,269,771 $16,395,028 $604,972
2020 $1,810,105 $970,024 $14,218,746 $840,081
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