FIFTY CLUB OF GALVESTON (EIN 746105720) - 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

1992

Legal Domicile

Principal Officer

JOHN SCHMIDT

Phone

7138184172

Tax Period

2024-07-01 to 2025-06-30

FIFTY CLUB OF GALVESTON, founded in 1992, is a small nonprofit in the Human Services sector that reported $127K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 68% operating margin.

Mission

THE ORGANIZATION PROVIDES IMMEDIATE FINANCIAL SUPPORT AND ASSISTANCE TO DEPENDENTS OF PEACE OFFICERS KILLED IN THE LINE OF DUTY AND PROVIDES EQUIPMENT FOR THE PHYSICAL PROTECTION OF PEACE OFFICER IN GALVESTON COUNTY. ADDITIONALLY, AWARDS ARE GIVEN TO PEACE OFFICES FOR OUTSTANDING ACHIEVEMENTS.

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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 $42,505

Program Service Revenue $0

Investment Income $84,009

Other Revenue $0

TOTAL REVENUE $126,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,512

Other Expenses $41,110

TOTAL EXPENSES $41,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,514	$101,033	+0.3%
Expenses	$41,110	$55,214	-0.3%
Net Income	$85,404	$45,819	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HARRINGTON	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
JUDGE LONNIE COX	PRESIDENT	0.50	Officer Director	$0	$0	$0
GEORGE BIGGERS	FIRST VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHARLES TAORMINA	SECOND VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SUSAN FALGOUT	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID E O'DONOHOE	TREASURER	0.50	Officer Director	$0	$0	$0
RON MORALES	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES TAORMINA	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES A WORTHEN JR	DIRECTOR	0.50	Director	$0	$0	$0
M SEAN WELSH	DIRECTOR	0.50	Director	$0	$0	$0
JOY FERTITTA	DIRECTOR	0.50	Director	$0	$0	$0
TODD FERTITTA	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN HARRINGTON	DIRECTOR	0.50	Director	$0	$0	$0
EUGENE HORNSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
EDDIE JANEK	DIRECTOR	0.50	Director	$0	$0	$0
LEON KAPLAN	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN NYSTROM	DIRECTOR	0.50	Director	$0	$0	$0
MARIO LUCCHESI	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MITCHINER	DIRECTOR	0.50	Director	$0	$0	$0
VICTOR PIERSON	DIRECTOR	0.50	Director	$0	$0	$0
HARRY ROBINSON	DIRECTOR	0.50	Director	$0	$0	$0
EDDIE BARR	DIRECTOR	0.50	Director	$0	$0	$0
STEVE ARMSTRONG	DIRECTOR	0.50	Director	$0	$0	$0
WALTER WILSON	DIRECTOR	0.50	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	$126,514	$41,110	$1,132,853	$85,404
2024	$101,033	$55,214	$1,037,973	$45,819
2023	$82,033	$41,607	$948,118	$40,426
2022	$107,457	$52,398	$885,078	$55,059
2021	$142,033	$15,862	$951,678	$126,171
2020	$87,800	$26,845	$787,138	$60,955
2019	$105,497	$37,178	$786,587	$68,319

FIFTY CLUB OF GALVESTON