COMMITTEE FOR COTTON RESEARCH INC

EIN: 752270680

BROWNFIELD, TX

Total Revenue
$326,550
Total Expenses
$337,466
Total Assets
N/A
Net Assets
N/A
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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
1989
Legal Domicile
TX
Principal Officer
RANDY SIMPSON
Phone
8067552219
Tax Period
2024-01-01 to 2024-12-31

COMMITTEE FOR COTTON RESEARCH INC, founded in 1989, is a small nonprofit that reported $327K in total revenue in fiscal year 2024.

Mission

COTTON RESEARCH

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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 (2024)

Revenue Breakdown

Contributions & Grants $326,000
Program Service Revenue $0
Investment Income $550
Other Revenue $0
TOTAL REVENUE $326,550

Expense Breakdown

Grants Paid $77,683
Salaries & Benefits $5,483
Fundraising Expenses $0
Other Expenses $254,300
TOTAL EXPENSES $337,466

Year-over-Year Comparison

2024 2023 Change
Revenue $326,550 N/A N/A
Expenses $337,466 N/A N/A
Net Income $-10,916 N/A N/A
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
7
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
0
$0
Total Directors
7
$5,483
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY HARDWICK DIRECTOR N/A
Director
$1,864 $0 $1,864
JOHN WILLIS DIRECTOR N/A
Director
$1,369 $0 $1,369
PETE LANEY DIRECTOR N/A
Director
$750 $0 $750
SHERRY PROCTOR DIRECTOR N/A
Director
$750 $0 $750
RANDY SIMPSON DIRECTOR 0.00
Director
$750 $0 $750
SHANE ISBELL DIRECTOR N/A
Director
$0 $0 $0
FRANK JONES 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 $326,550 $337,466 No data $-10,916
2023 $16,535 $969,159 $592,788 $-952,624
2022 $-22,785 $173,324 $1,545,412 $-196,109
2021 $24,734 $170,656 $1,741,521 $-145,922
2020 $36,878 $181,821 $1,887,443 $-144,943
2019 $53,623 $181,804 $2,032,386 $-128,181
2018 $72,604 $196,360 $2,160,567 $-123,756
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