LONGHORN INSTITUTE OF FOOD TECHNOLOGISTS INC

EIN: 752423270

Denton, TX

Total Revenue
$197,153
Total Expenses
$194,310
Total Assets
$115,179
Net Assets
$115,179
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TX
Principal Officer
Hank Dres
Phone
2142898413
Tax Period
2023-09-01 to 2024-08-31

LONGHORN INSTITUTE OF FOOD TECHNOLOGISTS INC, founded in 1992, is a small nonprofit that reported $197K in total revenue in fiscal year 2023.

Mission

Provide food technology and engineering (Farm to Fork) support to industry and universities. Includes members, companies, universities, government, and relevant organizations.

Program Service Accomplishments

Program 1
Expenses: $202,599 Revenue: $199,139

Food Expo which includes a golf tournament fundraiser, university research poster competition, technical sessions, and vendor expo. Technical presentations cover a wide variety of topics of interest...

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Food Expo which includes a golf tournament fundraiser, university research poster competition, technical sessions, and vendor expo. Technical presentations cover a wide variety of topics of interest to food professionals. The vendor expo is table-top presentations (240+ booths) with ingredient suppliers, universities, technical services (analytical, environmental, Kosher, etc), product development, and manufacturing. Research poster session from Texas Universities with scholarship awards. Attended by 800+ food industry professionals and is free to attendees with food and beverages provided. Primary revenue generator for the organization (booth fees, golf tournament).

Program 2
Expenses: $15,240 Revenue: $12,165

Dinner Meetings with speaker. Held 2nd Thursday of every month around the LIFT territory. Entails social hour, dinner, and a speaker. Brings together food industry professionals to discuss issues...

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Dinner Meetings with speaker. Held 2nd Thursday of every month around the LIFT territory. Entails social hour, dinner, and a speaker. Brings together food industry professionals to discuss issues, the market place, and improve the technical awareness of the membership. In December a Holiday party is held for membership.

Program 3
Expenses: $6,500 Revenue: $0

Food Science Education Support. Food science presentations to High Schools and Universities. Scholarships to food science undergraduates at Texas Universities. Sponsor & host the IFT South Central...

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Food Science Education Support. Food science presentations to High Schools and Universities. Scholarships to food science undergraduates at Texas Universities. Sponsor & host the IFT South Central College Bowl. Have a young professional's group and mentorship program. $6500 in scholarships awarded to Texas A&M and Texas Tech Food Science undergrads

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,135
Program Service Revenue $190,973
Investment Income $1
Other Revenue $1,044
TOTAL REVENUE $197,153

Expense Breakdown

Grants Paid $6,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $224,339
Other Expenses $4,499
TOTAL EXPENSES $194,310

Year-over-Year Comparison

2023 2022 Change
Revenue $197,153 $204,943 0.0%
Expenses $194,310 $227,379 -0.1%
Net Income $2,843 $-22,436 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
245
Independent Members
245
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Megan Halphen Chair 4
Officer
$0 $0 $0
Benton Genus Past Chair 2
Officer
$0 $0 $0
George West-Perry Chair Elect 2
Officer
$0 $0 $0
Henry Dres Treasuer 2
Officer
$0 $0 $0
Natalie Freno Secretary 2
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
2025 No data No data No data No data
2024 $197,153 $194,310 $115,179 $2,843
2023 $204,943 $227,379 $112,336 $-22,436
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