THE TEXAS SOCIETY OF ACOFP (EIN 752440482) - 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

1999

Legal Domicile

Principal Officer

DAVID MASON DO

Phone

5127089959

Tax Period

2024-01-01 to 2024-12-31

THE TEXAS SOCIETY OF ACOFP, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $17K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 112% operating deficit.

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO PROVIDE MEDICAL EDUCATION SEMINARS TO KEEP MEMBERS CURRENT ON THE LATEST DEVELOPMENTS IN THE FIELD OF FAMILY PRACTICE AND GENERAL OSTEOPATHIC MEDICINE AND SURGERY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,031

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,248

Fundraising Expenses $0

Other Expenses $19,810

TOTAL EXPENSES $36,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,031	$43,951	-0.6%
Expenses	$36,058	$33,665	+0.1%
Net Income	$-19,027	$10,286	-2.8%

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

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

$15,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MASON DO	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROL BROWNE DO	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
SUJAN GOGU DO	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
KRIS BEAVERS	EXECUTIVE DIRECTOR	10.00	Officer	$15,000	$0	$15,000
STEPHEN MCKERNAN DO	PRESIDENT ELECT	2.00	Director	$0	$0	$0
CARLTON LEWIS DO	GOVERNER	1.00	Director	$0	$0	$0
REBECCA DALEY DO	GOVERNER	1.00	Director	$0	$0	$0
BRENT SANDERLIN DO	GOVERNER	1.00	Director	$0	$0	$0
D TYLER KING DO	GOVERNER	1.00	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
2024	$17,031	$36,058	$369,976	$-19,027
2023	$43,951	$33,665	$392,058	$10,286
2022	$34,341	$33,340	$368,133	$1,001
2021	$292,300	$26,275	$375,689	$266,025

THE TEXAS SOCIETY OF ACOFP