DENISON INDUSTRIAL FOUNDATION INC (EIN 751186381) - 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

1959

Principal Officer

HARRY LEMMING

Phone

9034640883

Tax Period

2023-10-01 to 2024-09-30

DENISON INDUSTRIAL FOUNDATION INC, founded in 1959, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.0M left a modest 4% surplus.

Mission

PROMOTE INDUSTRIAL AND BUSINESS DEVELOPMENT IN THE CITY OF DENISON, TEXAS

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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 $0

Program Service Revenue $897,805

Investment Income $193,006

Other Revenue $0

TOTAL REVENUE $1,090,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $984,192

Other Expenses $1,044,501

TOTAL EXPENSES $1,044,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,090,811	$1,169,664	-0.1%
Expenses	$1,044,501	$1,099,577	-0.1%
Net Income	$46,310	$70,087	-0.3%

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
HARRY LEMMING	CHAIR	N/A	Officer Director	$0	$0	$0
SUSAN WYATT	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN BULLARD	PAST CHAIR	N/A	Officer Director	$0	$0	$0
MITCH MARTIN	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
DR CHAD CRUCE	TREASURER	N/A	Officer Director	$0	$0	$0
DEEANN ABNER	DIRECTOR	N/A	Director	$0	$0	$0
SARAH BERGERON	DIRECTOR	N/A	Director	$0	$0	$0
RHONDA BORGNE	DIRECTOR	N/A	Director	$0	$0	$0
DR MOLLY HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
MAC MILES	DIRECTOR	N/A	Director	$0	$0	$0
SPENCE REDWINE	DIRECTOR	N/A	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	$1,090,811	$1,044,501	$13,247,658	$46,310
2023	$1,169,664	$1,099,577	$13,421,271	$70,087
2022	$1,661,101	$1,490,364	$13,598,078	$170,737
2021	$1,394,238	$1,306,590	$13,693,763	$87,648
2020	$1,291,052	$1,044,065	$13,891,252	$246,987
2019	$940,398	$448,798	$12,477,259	$491,600
2018	$2,161,802	$436,947	$6,772,953	$1,724,855

DENISON INDUSTRIAL FOUNDATION INC