THE MINERAL WELLS INDUSTRIAL FOUNDATION INC

EIN: 751212952

MINERAL WELLS, TX

Total Revenue
$-11,135
Total Expenses
$101,218
Total Assets
$1,073,732
Net Assets
$947,044
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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
1957
Legal Domicile
TX
Principal Officer
COREY CRENSHAW
Phone
9403251563
Tax Period
2020-07-01 to 2021-06-30

THE MINERAL WELLS INDUSTRIAL FOUNDATION INC, founded in 1957, is a micro nonprofit that reported $11K in total revenue in fiscal year 2020. Revenue fell 121% from the prior year — a significant decline worth monitoring.

Mission

COMMUNITY SERVICE, ATTRACT NEW INDUSTRY, PROMOTE RETENTION OF EXISTING LOCAL INDUSTRY

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $15,000
Program Service Revenue $0
Investment Income $-58,727
Other Revenue $32,592
TOTAL REVENUE $-11,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $101,218
TOTAL EXPENSES $101,218

Year-over-Year Comparison

2020 2019 Change
Revenue $-11,135 $51,916 -1.2%
Expenses $101,218 $157,409 -0.4%
Net Income $-112,353 $-105,493 +0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
3

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORY CRENSHAW PRESIDENT 0.50
Officer
$0 $0 $0
KEITH BOYD 2ND VP -SECRETARY 0.50
Officer
$0 $0 $0
STEVE BUTCHER RECORDING SECR 6.00
Officer
$0 $0 $0
DON CRAWFORD TREASURER 0.50
Officer
$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
2021 $-11,135 $101,218 $1,073,732 $-112,353
2020 $51,916 $157,409 $1,132,611 $-105,493
2019 $65,330 $99,034 $1,744,840 $-33,704
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