TEXAS FARMERS UNION INC (EIN 751077410) - 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

1966

Legal Domicile

Principal Officer

MIKE OLDHAM

Phone

8063340584

Tax Period

2022-10-01 to 2023-09-30

TEXAS FARMERS UNION INC, founded in 1966, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $150K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $189K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO FURTHER THE INTEREST OF TEXAS FARMERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $75,903

Program Service Revenue $0

Investment Income $74,063

Other Revenue $0

TOTAL REVENUE $149,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,874

Fundraising Expenses $0

Other Expenses $94,292

TOTAL EXPENSES $189,166

Year-over-Year Comparison

	2022	2021	Change
Revenue	$149,966	$160,862	-0.1%
Expenses	$189,166	N/A	N/A
Net Income	$-39,200	$160,862	-1.2%

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

N/A

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

$53,711

Total Directors

$53,711

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE OLDHAM	PRESIDENT	010.00	Officer Director Highest	$35,807	$0	$53,711
DAVID SCHERTZ	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
GAYLON AMONETT	SECRETARY	002.00	Officer Director	$0	$0	$0
RANDY COOK	TREASURER	002.00	Officer Director	$0	$0	$0
PAM OLDHAM	DIRECTOR	002.00	Director	$0	$0	$0
MARGARET AMONETT	DIRECTOR	002.00	Director	$0	$0	$0
FINLEY BARNETT	DIRECTOR	002.00	Director	$0	$0	$0
JAMES SCHUMAN	DIRECTOR	002.00	Director	$0	$0	$0
A J PRIESMEYER	DIRECTOR	002.00	Director	$0	$0	$0
BILLY MILLER	DIRECTOR	002.00	Director	$0	$0	$0
ALTON COOK	DIRECTOR	002.00	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
2023	$149,966	$189,166	$858,801	$-39,200

TEXAS FARMERS UNION INC