GREAT TEXAS BALLOON RACE INC (EIN 752378187) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

GAI BENNETT

Phone

9037205000

Tax Period

2024-09-01 to 2025-08-31

GREAT TEXAS BALLOON RACE INC, founded in 1990, is a small nonprofit that reported $552K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION PROMOTES AND EXHIBITS HOT AIR BALLOONS AND BALLOON RACES FOR THE PURPOSE OF GENERATING TOURISM AND BUSINESS DEVELOPMENT FOR LONGVIEW AND THE SURROUNDING EAST TEXAS AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $341,809

Program Service Revenue $188,691

Investment Income $21,005

Other Revenue $0

TOTAL REVENUE $551,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $560,202

Other Expenses $566,081

TOTAL EXPENSES $566,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$551,505	$565,163	0.0%
Expenses	$566,081	$530,620	+0.1%
Net Income	$-14,576	$34,543	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

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
SHAWN HARA	Director	6.00	Director	$0	$0	$0
ERIN SALYER	Director	6.00	Director	$0	$0	$0
JENNIFER CORREA	Treasurer	6.00	Officer Director	$0	$0	$0
ANGIE BAKER	Secretary	6.00	Officer Director	$0	$0	$0
CHRIS FARR	Director	6.00	Officer Director	$0	$0	$0
MARK DULWEBER	Director	6.00	Director	$0	$0	$0
STEPHANIE SMITH	Director	6.00	Director	$0	$0	$0
MICHELLE FORD	PAST CHAIR	6.00	Officer Director	$0	$0	$0
RICK JAMES	Director	6.00	Officer Director	$0	$0	$0
GAI BENNETT	Chairman	6.00	Officer Director	$0	$0	$0
TAMMY SKINNER	CHAIR ELECT	6.00	Officer Director	$0	$0	$0
JEANIE ANDERSON	Director	6.00	Director	$0	$0	$0
NAT MANN	Director	6.00	Director	$0	$0	$0
MANNY ALANIZ	Director	6.00	Director	$0	$0	$0
VERA GRAY	Director	6.00	Director	$0	$0	$0
JOHN RICH	Director	6.00	Director	$0	$0	$0
LESLIE PAULL	Director	6.00	Director	$0	$0	$0
SHERRY RAND	Director	6.00	Director	$0	$0	$0
SCOTT BRUNNER	Director	6.00	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
2025	$551,505	$566,081	$488,045	$-14,576
2024	$565,163	$530,620	$502,621	$34,543
2023	$465,375	$445,669	$468,078	$19,706
2022	$475,977	$432,994	$448,372	$42,983
2019	$690,407	$566,076	$370,634	$124,331
2018	$559,129	$550,068	$246,243	$9,061

GREAT TEXAS BALLOON RACE INC