NATIONAL FINANCE CREDIT CORPORATION OF TEXAS (EIN 750457285) - 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

1930

Legal Domicile

Principal Officer

SETH A DENBOW

Phone

8178824700

Tax Period

2024-12-01 to 2025-11-30

NATIONAL FINANCE CREDIT CORPORATION OF TEXAS, founded in 1930, is a mid-sized nonprofit that reported $17.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $5.8M, a strong 33% operating margin.

Mission

PROVIDE LOANS TO LIVESTOCK PRODUCERS

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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 $0

Program Service Revenue $16,212,575

Investment Income $876,458

Other Revenue $791,665

TOTAL REVENUE $17,880,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,532,273

Fundraising Expenses $0

Other Expenses $9,526,799

TOTAL EXPENSES $12,059,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,880,698	$20,032,206	-0.1%
Expenses	$12,059,072	$13,076,541	-0.1%
Net Income	$5,821,626	$6,955,665	-0.2%

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

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

$1,978,147

Total Directors

$939,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH K LEIBER	President/CEO	40.00	Officer Director	$655,586	$39,234	$694,820
SETH A DENBOW	Senior VP/COO	40.00	Officer	$364,817	$44,376	$409,193
JAMES LOZANO	Treasurer/CFO	40.00	Officer	$262,639	$31,728	$294,367
DUSTIN VALUSEK	Vice President	40.00	Officer	$222,575	$27,666	$250,241
REID PETTY	ASST TRASURER	40.00	Officer	$123,885	$20,690	$144,575
JEANA ROBERTS	ASST SECRETARY	40.00	Officer	$109,409	$17,979	$127,388
James Jeffers	ASSISTANT VP	40.00	Officer	$54,835	$2,728	$57,563
ROBERT THIGPEN JR	Chairman	0.50	Director	$44,167	$0	$53,000
CRAWFORD EDWARDS	Director	0.50	Director	$26,667	$0	$32,000
JON E MEANS	VICE CHAIRMAN	0.50	Director	$26,667	$0	$32,000
KEN JORDAN	Director	0.50	Director	$26,667	$0	$32,000
MICHAEL D SMITH	Director	0.50	Director	$26,667	$0	$32,000
RICHARD C TRAYLOR	CHAIRMAN EMERIT	0.50	Director	$26,667	$0	$32,000
STANLEY SCHAEFFER	Director	0.50	Director	$26,667	$0	$32,000
CHRIS LACY	Director	0.50	Director	$0	$0	$0
CORY PRIEST	Director	0.50	Director	$0	$0	$0
MICHAEL R MITCHELL	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	$17,880,698	$12,059,072	$237,527,745	$5,821,626
2024	$20,032,206	$13,076,541	$220,762,670	$6,955,665
2023	$16,946,605	$11,683,728	$199,071,639	$5,262,877
2022	$9,101,860	$5,323,129	$196,184,500	$3,778,731
2021	$6,641,227	$3,933,484	$184,779,522	$2,707,743
2020	$6,855,041	$4,625,463	$156,151,644	$2,229,578
2019	$9,354,271	$5,306,199	$146,207,563	$4,048,072
2018	$9,360,699	$4,802,013	$139,316,301	$4,558,686

NATIONAL FINANCE CREDIT CORPORATION OF TEXAS