TEXAS MANUFACTURED HOUSING ASSOCIATION INC (EIN 750950556) - 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

1952

Legal Domicile

Principal Officer

DOYLE R PENDLETON

Phone

5124591221

Tax Period

2024-01-01 to 2024-12-31

TEXAS MANUFACTURED HOUSING ASSOCIATION INC, founded in 1952, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 449% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 14% surplus.

Mission

TEXAS MANUFACTURED HOUSING ASSOCIATION, INC. ("TMHA") IS THE STATE TRADE ASSOCIATION REPRESENTING THE GENERAL WELFARE AND INTEREST OF THE ENTIRE TEXAS MANUFACTURED HOUSING INDUSTRY. TMHA SERVES ITS MEMBERS BY PROVIDING INDUSTRY INFORMATION, LEGISLATIVE REPRESENTATION, EDUCATION AND NETWORKING OPPORTUNITIES.

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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 $88,375

Program Service Revenue $3,042,479

Investment Income $317,735

Other Revenue $51,206

TOTAL REVENUE $3,499,795

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $1,545,769

Fundraising Expenses $0

Other Expenses $1,425,502

TOTAL EXPENSES $3,011,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,499,795	$637,689	+4.5%
Expenses	$3,011,271	$924,915	+2.3%
Net Income	$488,524	$-287,226	-2.7%

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

$555,856

Total Directors

Key Employees

$575,305

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL RADDE	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JIMMY GRIFFITH	CHAIR	2.00	Officer Director	$0	$0	$0
DAVE BUSCHE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT CANNON	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS STUTH	MEMBER, EXEC. COMMITTEE	2.00	Officer Director	$0	$0	$0
DON MCCANN	MEMBER, EXEC. COMMITTEE	2.00	Officer Director	$0	$0	$0
JEFF WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
HOWARD BROUGHTON	MEMBER	1.00	Director	$0	$0	$0
JASON GREEN	MEMBER	1.00	Director	$0	$0	$0
GARY ADAMEK	SECRETARY	2.00	Officer Director	$0	$0	$0
BEN BOCKOVEN	MEMBER	1.00	Director	$0	$0	$0
ZACH SANDERS	MEMBER	1.00	Director	$0	$0	$0
CARL NUNN	MEMBER	1.00	Director	$0	$0	$0
SHAWN FULLER	MEMBER	1.00	Director	$0	$0	$0
CHAD COTTON	MEMBER	1.00	Director	$0	$0	$0
CASEY PEACOCK	MEMBER	1.00	Director	$0	$0	$0
TODD LAMB	MEMBER	1.00	Director	$0	$0	$0
BURDETTE HUFFMAN	MEMBER	1.00	Director	$0	$0	$0
ERNESTO IGLESIAS	MEMBER	1.00	Director	$0	$0	$0
MISTY RANGEL	MEMBER	1.00	Director	$0	$0	$0
RICK SILVIA	MEMBER	1.00	Director	$0	$0	$0
JJ TORRES	MEMBER	1.00	Director	$0	$0	$0
MICHAEL JOHNSON	MEMBER	1.00	Director	$0	$0	$0
JAY BURKHALTER	MEMBER	1.00	Director	$0	$0	$0
THERESA RAYMOND	MEMBER	1.00	Director	$0	$0	$0
SHANON WALKER	MEMBER	1.00	Director	$0	$0	$0
DOYLE R PENDLETON	EXCUTIVE DIRECTOR	40.00	Officer	$500,000	$55,856	$555,856
ROBERT RIPPERDA	INFORMATION TECHNOLOGY	40.00	Key Emp	$500,000	$75,305	$575,305

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	$3,499,795	$3,011,271	$4,840,975	$488,524
2023	$2,611,718	$2,783,233	$5,590,521	$-171,515
2023	$637,689	$924,915	$4,469,913	$-287,226
2022	$3,113,054	$3,030,222	$5,606,754	$82,832
2021	$2,617,385	$2,664,315	$5,768,269	$-46,930
2020	$2,430,607	$2,022,503	$4,599,329	$408,104
2019	$2,557,093	$2,289,548	$4,199,101	$267,545
2018	$2,744,341	$2,240,058	$4,312,413	$504,283

TEXAS MANUFACTURED HOUSING ASSOCIATION INC