TEXAS BANKERS ASSOCIATION

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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

1905

Legal Domicile

Principal Officer

HEATHER RUSCHITZKO

Phone

5124728388

Tax Period

2024-06-01 to 2025-05-31

TEXAS BANKERS ASSOCIATION, founded in 1905, is a community nonprofit that reported $9.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $10.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE MISSION OF THE TEXAS BANKERS ASSOCIATION IS TO MEET THE GROWING NEEDS OF OUR MEMBERS WITH EDUCATION, INFORMATION, AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $5,482,141 Revenue: $4,106,172

TBA PROVIDES MEMBER SERVICES WHICH INCLUDE ADVOCACY AND ASSOCIATION GOVERNANCE.

Program 2

Expenses: $2,502,068 Revenue: $3,749,910

TBA PROVIDES EDUCATION AND PROFESSIONAL DEVELOPMENT TO BANKERS ACROSS THE STATE ON THE MYRIAD OF BANKING REGULATIONS WITH WHICH BANKS AND BANKERS MUST COMPLY.

Program 3

Expenses: $255,482 Revenue: $183,715

TBA PROVIDES WEALTH MANAGEMENT AND TRUST PROGRAMS TO BANKERS ACROSS THE STATE.

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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 $4,067,472

Program Service Revenue $4,007,114

Investment Income $259,562

Other Revenue $978,180

TOTAL REVENUE $9,312,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,829,959

Fundraising Expenses $0

Program Expenses $8,663,596

Other Expenses $4,916,587

TOTAL EXPENSES $10,746,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,312,328	$10,121,327	-0.1%
Expenses	$10,746,546	$10,632,706	+0.0%
Net Income	$-1,434,218	$-511,379	+1.8%

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

110

Volunteers

275

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

$3,023,619

Total Directors

$861,668

Key Employees

$367,874

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERIFAT LAWAL PRICE	BANK LEADERSHIP COUNCIL CH	1.00	Director	$0	$0	$0
JAN MILLS	CHAIR	1.00	Director	$0	$0	$0
RYAN MORRIS	CHAIR DISCRETIONARY APPOIN	1.00	Director	$0	$0	$0
SHEILA S DONNELLY	CHAIR DISCRETIONARY APPOIN	1.00	Director	$0	$0	$0
JOW QUIROGA	CHAIR DISCRETIONARY APPOIN	1.00	Director	$0	$0	$0
SHANA DE PAOLI	CHAIR DISCRETIONARY APPOIN	1.00	Director	$0	$0	$0
TANYA MILLER	CHAIR DISCRETIONARY APPOIN	1.00	Director	$0	$0	$0
DEKE ALEXANDER	CHAIR DISCRETIONARY APPOIN	1.00	Director	$0	$0	$0
J FRANK LEONE	COMMUNITY BANKERS COUNCIL	1.00	Director	$0	$0	$0
WADE O EASLEY	DISTRICT 1 DIRECTOR TIER	1.00	Director	$0	$0	$0
R MARK BAIN	DISTRICT 1 DIRECTOR TIER	1.00	Director	$0	$0	$0
DEZI VARGAS	DISTRICT 1 DIRECTOR TIER	1.00	Director	$0	$0	$0
NOAH LAYNE BRANDT	DISTRICT 2 DIRECTOR TIER	1.00	Director	$0	$0	$0
CHAD D STARY	DISTRICT 2 DIRECTOR TIER	1.00	Director	$0	$0	$0
RICHARD T CULLEN	DISTRICT 2 DIRECTOR TIER	1.00	Director	$0	$0	$0
LONNIE W KEY	DISTRICT 3 DIRECTOR TIER	1.00	Director	$0	$0	$0
BRAD BURTTSCHELL	DISTRICT 3 DIRECTOR TIER	1.00	Director	$0	$0	$0
AC CORKY EVANS JR	DISTRICT 3 DIRECTOR TIER	1.00	Director	$0	$0	$0
TODD MOORE	DISTRICT 4 DIRECTOR	1.00	Director	$0	$0	$0
MICAH C BOLES	DISTRICT 4 DIRECTOR TIER	1.00	Director	$0	$0	$0
J RONNIE SULLINS	DISTRICT 4 DIRECTOR TIER	1.00	Director	$0	$0	$0
LEE R GIBSON	DISTRICT 5 DIRECTOR TIER	1.00	Director	$0	$0	$0
DANNY W WEEMS	DISTRICT 5 DIRECTOR TIER	1.00	Director	$0	$0	$0
NORMA J LANE	DISTRICT 5 DIRECTOR TIER	1.00	Director	$0	$0	$0
EFFIE DENNISON	DISTRICT 6 DIRECTOR TIER	1.00	Director	$0	$0	$0
CRAIG SCHEEF	DISTRICT 6 DIRECTOR TIER	1.00	Director	$0	$0	$0
WADE C DONNELL	DISTRICT 6 DIRECTOR TIER	1.00	Director	$0	$0	$0
MASON VAUGHAN	DISTRICT 7 DIRECTOR TIER	1.00	Director	$0	$0	$0
REAVE J SCOTT	DISTRICT 7 DIRECTOR TIER	1.00	Director	$0	$0	$0
GREG DODDS	DISTRICT 7 DIRECTOR TIER	1.00	Director	$0	$0	$0
CHRISTOPHER J FURLOW	EX-OFFICIO	40.00	Officer Director	$788,233	$73,435	$861,668
HAZEL DAVIS CERP CRCM	FOUNDATION CHAIR	1.00	Director	$0	$0	$0
ANDY MARSHALL	GOVERNMENT RELATIONS COUNC	1.00	Director	$0	$0	$0
A FORD SASSER III	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
JESSE J JACKSON	PRESIDENTIAL APPOINTMENT	1.00	Director	$0	$0	$0
LARRY A MILLER	PRESIDENTIAL APPOINTMENT	1.00	Director	$0	$0	$0
RAMON A VITULLI III	REGIONAL BANKERS COUNCIL C	1.00	Director	$0	$0	$0
CHRISTOPHER A KINCAID	TBASCO CHAIR	1.00	Director	$0	$0	$0
WILLIAM M LUCAS	TREASURER	1.00	Director	$0	$0	$0
RONALD D BUTLER II	VICE CHAIR	1.00	Director	$0	$0	$0
ELIZABETH T HETRICK	WEALTH MANAGEMENT & TRUST	1.00	Director	$0	$0	$0
SCOTT DAUGHERTY	OFFICER	1.00	Officer	$0	$52,824	$493,090
LATRESA M POWELL	OFFICER	1.00	Officer	$0	$35,122	$231,644
CELESTE MAY EMBREY	OFFICER	40.00	Officer	$330,727	$58,182	$388,909
BRIEN G O'CONNOR	OFFICER	1.00	Officer	$0	$60,849	$503,601
BENJAMIN CHARLES BUEHLER	OFFICER	4.00	Officer	$17,901	$22,640	$203,235
HEATHER LYNN RUSCHITZKO	OFFICER	40.00	Officer	$279,053	$62,419	$341,472
JOHN R BRIGANCE	STAFF	40.00	Key Emp	$321,961	$45,913	$367,874
CARLOS V ESPINOSA	STAFF	40.00	Highest	$164,970	$36,431	$201,401

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	$9,312,328	$10,746,546	$44,606,890	$-1,434,218
2024	$10,121,327	$10,632,706	$41,773,847	$-511,379
2023	$10,180,056	$9,906,292	$41,820,110	$273,764
2022	$9,869,075	$9,873,673	$29,127,060	$-4,598
2021	$7,192,533	$7,596,802	$18,453,085	$-404,269
2020	$8,357,655	$8,443,991	$17,374,066	$-86,336
2019	$9,669,438	$9,591,599	$19,222,346	$77,839