Texas Alliance of Groundwater Dist… - Form 990 Financial Data

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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

1988

Legal Domicile

Phone

5125963101

Tax Period

2023-10-01 to 2024-09-30

Texas Alliance of Groundwater Districts, founded in 1988, is a small nonprofit that reported $570K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $88K, a strong 15% operating margin.

Mission

Further the purpose of groundwater conservation and protection activities by providing a means of education, communication, and exchange of information between and among individual GCD's and the public regarding the groundwater management in the state of Texas.

Program Service Accomplishments

Program 1

Expenses: $420,533 Revenue: $339,935

Education and dissemination of information on state groundwater, its uses, and protection in Texas.

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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 $214,129

Program Service Revenue $339,935

Investment Income $16,279

Other Revenue $0

TOTAL REVENUE $570,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,429

Fundraising Expenses $0

Program Expenses $420,533

Other Expenses $182,598

TOTAL EXPENSES $482,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$570,343	$505,722	+0.1%
Expenses	$482,027	$419,377	+0.1%
Net Income	$88,316	$86,345	+0.0%

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

125

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

$131,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Bailey	President	1	Officer Director	$0	$0	$0
Doug Shaw	Vice President	1	Officer Director	$0	$0	$0
Janet Guthrie	Treasurer	1	Officer Director	$0	$0	$0
Stephanie Kieth	Secretary	1	Officer Director	$0	$0	$0
Kelley Cochran	Parliamentarian	1	Officer Director	$0	$0	$0
Amber Blount	Past President	1	Officer Director	$0	$0	$0
Groundwater Conservation District	TAGD Reps (87 additional, 93 total)	1	Director	$0	$0	$0
Leah Martinsson	Executive Director	40	Officer	$116,250	$15,375	$131,625
Adam Foster	Executive Director	40	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	$570,343	$482,027	$599,570	$88,316
2023	$505,722	$419,377	$512,365	$86,345
2022	$315,509	$254,749	$425,146	$60,760
2021	$299,952	$212,603	$367,699	$87,349
2020	$265,887	$208,254	$276,878	$57,633
2019	$273,310	$227,901	$218,389	$45,409
2018	$269,561	$233,731	$177,366	$35,830

Texas Alliance of Groundwater Districts