Texas Association of Rural Schools (EIN 752323450) - 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

1990

Legal Domicile

Principal Officer

RANDY WILLIS

Tax Period

2023-09-01 to 2024-08-31

Texas Association of Rural Schools, founded in 1990, is a small nonprofit that reported $427K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $169K, a strong 40% operating margin.

Mission

Enhance the fiscal capacity of rural schools

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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 $243,905

Program Service Revenue $0

Investment Income $160

Other Revenue $182,682

TOTAL REVENUE $426,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,629

Fundraising Expenses $0

Program Expenses $249,101

Other Expenses $127,627

TOTAL EXPENSES $257,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$426,747	$261,473	+0.6%
Expenses	$257,256	$211,204	+0.2%
Net Income	$169,491	$50,269	+2.4%

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

Employees

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

$140,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON HOOD	Past President	1.000	Director	$0	$0	$0
GREG GILBERT	President	10.00	Director	$0	$0	$0
TOMMY HOOKER	Vice President	10.00	Director	$0	$0	$0
DEBBIE ENGLE	Secretary	1.000	Director	$0	$0	$0
LISA MEYSEMBURG	Treasurer	1.000	Director	$0	$0	$0
RANDY WILLIS	Executve Director	25.00	Key Emp	$100,000	$0	$100,000
LEIGH ANN GLAZE	Operations Manager	25.00	Key Emp	$40,000	$0	$40,000

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	$426,747	$257,256	$328,638	$169,491
2023	$261,473	$211,204	$159,147	$50,269

Texas Association of Rural Schools