Texas Angus 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

1943

Legal Domicile

Principal Officer

Monte Ethington

Phone

8177400778

Tax Period

2023-01-01 to 2023-12-31

Texas Angus Association, founded in 1943, is a small nonprofit that reported $427K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $79K, a strong 19% operating margin.

Mission

The purposes for which the corporation is organized are to engage in educational, scientific, agricultural and horticultural, animal husbandry, social, and trade association activities relating to the Aberdeen-Angus

Program Service Accomplishments

Program 1

Developing and expanding markets: Aiding breeders of Aberdeen-Angus cattle in merchandising such cattle by sponsoring, promoting, conducting, assisting and participating in consignment sales, stocker sales, and feeder calf sales and by offering skilled advice and services to members in sale management and private treaty sales.

Program 2

Information distribution: Aiding identification and location of breeders of Aberdeen-Angus cattle and facilitating communication between them and others by maintaining and distributing membership...

Information distribution: Aiding identification and location of breeders of Aberdeen-Angus cattle and facilitating communication between them and others by maintaining and distributing membership directories, publishing a newsletter for the members, and by holding, conducting or participating in meetings for the information and interest of livestock growers in general and of Aberdeen-Angus cattle breeders in particular.

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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 (2023)

Revenue Breakdown

Contributions & Grants $24,801

Program Service Revenue $402,480

Investment Income $0

Other Revenue $0

TOTAL REVENUE $427,281

Expense Breakdown

Grants Paid $100

Salaries & Benefits $63,965

Fundraising Expenses $0

Other Expenses $283,987

TOTAL EXPENSES $348,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,281	$1,369,480	-0.7%
Expenses	$348,052	$1,227,735	-0.7%
Net Income	$79,229	$141,745	-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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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
Bodey Langford	President	2.00	Officer Director	$0	$0	$0
Bryan Vay	Vice President	2.00	Officer Director	$0	$0	$0
Steve Zybach	2nd Vice President	2.00	Officer Director	$0	$0	$0
Monte Ethington	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Bill Evans	Board Member	2.00	Director	$0	$0	$0
Ronnie Foley	Board Member	2.00	Director	$0	$0	$0
Katy Kemp	Board Member	2.00	Director	$0	$0	$0
Keith Preston	Board Member	2.00	Director	$0	$0	$0
Jason Moss	Board Member	2.00	Director	$0	$0	$0
Kyle McKee	Board Member	2.00	Director	$0	$0	$0
Roger West	Board Member	2.00	Director	$0	$0	$0
Mike Wink	Board Member	2.00	Director	$0	$0	$0
Donnell Brown	Board Member	2.00	Director	$0	$0	$0
Jimmy Goode	Board Member	2.00	Director	$0	$0	$0
Rodney Howell	Board Member	2.00	Director	$0	$0	$0
David Powell	Board Member	2.00	Director	$0	$0	$0
Mike Kuck	Board Member	2.00	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	$427,281	$348,052	$172,407	$79,229
2022	$1,369,480	$1,227,735	$430,685	$141,745
2021	$1,006,537	$1,010,345	$345,748	$-3,808
2020	$1,299,875	$1,375,392	$355,505	$-75,517
2019	$2,025,799	$2,033,002	$604,690	$-7,203
2018	$1,453,325	$1,461,842	$420,196	$-8,517