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)

4 risk indicators measuring financial stability and operational resilience

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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 science and engineering support to industry and universities at all levels, from farm to fork.

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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

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
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
2024 $197,153 $194,310 $115,179 $2,843
2023 $204,943 $227,379 $112,336 $-22,436
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