Texas Soaring Association Inc

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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

1952

Legal Domicile

Principal Officer

Phillip C Umphres

Phone

9727754234

Tax Period

2023-10-01 to 2024-09-30

Texas Soaring Association Inc, founded in 1952, is a small nonprofit in the Recreation & Sports sector that reported $303K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 19% operating margin.

Mission

Education

Program Service Accomplishments

Program 1

Expenses: $200,220 Revenue: $302,947

Teaching the art of soaring (flying gliders) to its members (membership is open to the public), promoting the art of soaring, conducting scientific testing, evaluation and reporting.

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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 $65,134

Program Service Revenue $165,006

Investment Income $72,807

Other Revenue $0

TOTAL REVENUE $302,947

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,220

Other Expenses $245,612

TOTAL EXPENSES $246,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,947	$198,003	+0.5%
Expenses	$246,112	$178,053	+0.4%
Net Income	$56,835	$19,950	+1.8%

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

N/A

Volunteers

171

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
Phil Umphres	President	N/A	Officer	$0	$0	$0
Dave Horton	President Elect	N/A	Officer	$0	$0	$0
John Duke	Treasurer	N/A	Officer	$0	$0	$0
Mike Weatherford	Secretary	N/A	Officer	$0	$0	$0
Carl Anderson	Board Member	N/A	Director	$0	$0	$0
Doug Hite	Board Member	N/A	Director	$0	$0	$0
Jim Methered	Board Member	N/A	Director	$0	$0	$0
Marco Raaijmakers	Board Member	N/A	Director	$0	$0	$0
Stan Baucum	Board Member	N/A	Director	$0	$0	$0
John Hardy	Board Member	N/A	Director	$0	$0	$0
Ryan Bluestein	Board Member	N/A	Director	$0	$0	$0
Robert Grimm	Board Member	N/A	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
2025	No data	No data	No data	No data
2024	$302,947	$246,112	$1,635,189	$56,835
2023	$198,003	$178,053	No data	$19,950
2022	$288,004	$203,259	$1,551,467	$84,745
2021	$249,094	$169,184	$1,490,713	$79,910
2020	$230,855	$150,454	$1,328,612	$80,401
2019	$332,217	$154,014	$1,230,931	$178,203
2018	$227,577	$163,735	$1,049,512	$63,842