TEXAS CORN PRODUCERS ASSOCIATION (EIN 752919366) - 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

2001

Legal Domicile

Principal Officer

DAVID GIBSON

Phone

8067632676

Tax Period

2023-10-01 to 2024-09-30

TEXAS CORN PRODUCERS ASSOCIATION, founded in 2001, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $710K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE CORN PRODUCTION AND CONSUMPTION THROUGH VARIOUS EDUCATION, MARKETING AND PROMOTION PROGRAMS.

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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 $0

Program Service Revenue $234,906

Investment Income $0

Other Revenue $475,010

TOTAL REVENUE $709,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,500

Fundraising Expenses $0

Other Expenses $659,398

TOTAL EXPENSES $741,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$709,916	$499,137	+0.4%
Expenses	$741,898	$542,088	+0.4%
Net Income	$-31,982	$-42,951	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL BERGLUND	DIRECTOR	N/A	Director	$0	$0	$0
COLIN CHOPELAS	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT GORDON	DIRECTOR	N/A	Director	$0	$0	$0
KYLA HAMILTON	DIRECTOR	N/A	Director	$0	$0	$0
MARK HOWARD	DIRECTOR	N/A	Director	$0	$0	$0
HAGEN HUNT	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
LARRY MASON	DIRECTOR	N/A	Director	$0	$0	$0
JOE REED	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES RING	DIRECTOR	N/A	Director	$0	$0	$0
WESLEY SPURLOCK	DIRECTOR	N/A	Director	$0	$0	$0
JIM SUGAREK	PRESIDENT	N/A	Officer Director	$0	$0	$0
KENDAL WRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
DEE VAUGHN	DIRECTOR	N/A	Director	$0	$0	$0
CHAD WETZEL	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
RUSSELL WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
DAVID GIBSON	STAFF-EXEC V	N/A	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	$709,916	$741,898	$495,454	$-31,982
2023	$499,137	$542,088	$527,436	$-42,951
2022	$621,974	$565,051	$570,387	$56,923
2021	$727,765	$512,118	$513,464	$215,647
2020	$440,031	$301,768	$297,512	$138,263
2019	$500,170	$515,097	$159,249	$-14,927

TEXAS CORN PRODUCERS ASSOCIATION