THE MINERAL WELLS INDUSTRIAL FOUND… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

ASSISTED IN THE ACQUISITION OF PROPERTY BY A LONG TIME BUSINESS ENTITY AND INDUSTRIAL JOB PROVIDER OF MINERAL WELLS. THE PROPERTY WILL ALLOW FOR FUTURE JOB CREATION AND EXPANSION OF THIS ALREADY...

ASSISTED IN THE ACQUISITION OF PROPERTY BY A LONG TIME BUSINESS ENTITY AND INDUSTRIAL JOB PROVIDER OF MINERAL WELLS. THE PROPERTY WILL ALLOW FOR FUTURE JOB CREATION AND EXPANSION OF THIS ALREADY IMPORTANT LOCAL BUSINESS.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
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

THE MINERAL WELLS INDUSTRIAL FOUNDATION INC