Texas Towing and Storage Association (EIN 752168205) - 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

1974

Legal Domicile

Principal Officer

George Grenwelge

Phone

8669242088

Tax Period

2024-01-01 to 2024-12-31

Texas Towing and Storage Association, founded in 1974, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2024. Expenses of $309K left a modest 9% surplus.

Mission

Provide education and training for members of the towing industry and promote the towing industry to the general public.

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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 $1,940

Program Service Revenue $321,387

Investment Income $18,149

Other Revenue $0

TOTAL REVENUE $341,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,247

Fundraising Expenses $0

Program Expenses $77,665

Other Expenses $197,837

TOTAL EXPENSES $309,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,476	$322,371	+0.1%
Expenses	$309,084	$299,321	+0.0%
Net Income	$32,392	$23,050	+0.4%

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

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
Dana Gardiner	Executive Dir.	40.00	Director	$0	$0	$0
Angie Daugherty	Secretary	1.00	Director	$0	$0	$0
Kyle Chron	N. Central TX	1.00	Director	$0	$0	$0
Chad Wilson	North Texas	1.00	Director	$0	$0	$0
Albert Winwood	Treasurer	1.00	Director	$0	$0	$0
Ken W Ulmer	Director	1.00	Director	$0	$0	$0
Todd Johnston	SE Texas	1.00	Director	$0	$0	$0
Andy Chesney	Director	1.00	Director	$0	$0	$0
Megan Ferril	Gov. Affairs	1.00	Director	$0	$0	$0
KJ Pool	West Texas	1.00	Director	$0	$0	$0
Danny Potts	Education Rep.	1.00	Director	$0	$0	$0
George Grenwelge	Chairman	1.00	Director	$0	$0	$0
Gustavo Jimenez III	S TX Regional	1.00	Director	$0	$0	$0
David Ferril	Vice Chairman	1.00	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
2024	$341,476	$309,084	$447,332	$32,392
2023	$322,371	$299,321	$421,784	$23,050
2022	$318,710	$268,628	$401,093	$50,082
2021	$335,413	$244,298	$350,845	$91,115
2020	$219,791	$207,656	$257,868	$12,135
2019	$286,024	$253,789	$252,872	$32,235
2018	$291,096	$252,045	$221,525	$39,051

Texas Towing and Storage Association