Abilene Industrial Foundation

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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

1962

Legal Domicile

Principal Officer

Doug Peters

Tax Period

2023-10-01 to 2024-09-30

Abilene Industrial Foundation, founded in 1962, is a small nonprofit that reported $448K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $721K exceeded revenue, resulting in a 61% operating deficit.

Mission

The mission of the Abilene Industrial Foundation is to promote the growth, development, and diversity of the economy in and around Abilene, Texas.

Program Service Accomplishments

Program 1

Expenses: $602,562

Economic development - Programs designed to promote Abilene through business retention and expansion, and entrepreneurial, workforce and talent development programs

Program 2

Expenses: $66,000

Governmental Affairs - A program to increase the visibility of Abilene in the state legislature and provide timely information about laws or regulations affecting state agencies with locations in...

Governmental Affairs - A program to increase the visibility of Abilene in the state legislature and provide timely information about laws or regulations affecting state agencies with locations in Abilene that might impact the local economy

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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 $63,634

Program Service Revenue $367,886

Investment Income $16,111

Other Revenue $0

TOTAL REVENUE $447,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,042

Fundraising Expenses $0

Program Expenses $668,562

Other Expenses $484,412

TOTAL EXPENSES $721,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,631	$758,855	-0.4%
Expenses	$721,454	$663,432	+0.1%
Net Income	$-273,823	$95,423	-3.9%

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

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

$333,386

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Peters	President	16.00	Officer	$0	$49,057	$333,386
Michael B Starr	Director	1.00	Director	$0	$0	$0
Scott Hibbs	Director	1.00	Director	$0	$0	$0
Greg Blair	Director	1.00	Director	$0	$0	$0
Larry Gill	Director	1.00	Director	$0	$0	$0
Will Dugger	Chair Elect	2.00	Officer Director	$0	$0	$0
Gary Grubbs	Past Chair	5.00	Officer Director	$0	$0	$0
Ted Evans	Secretary-Treasurer	1.00	Officer Director	$0	$0	$0
Shaun Martin	Chair	2.00	Officer 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	$447,631	$721,454	$1,824,196	$-273,823
2023	$758,855	$663,432	$2,097,585	$95,423
2022	$2,269,166	$821,696	$2,100,803	$1,447,470
2021	$742,424	$574,344	$610,185	$168,080
2020	$649,352	$684,313	$345,740	$-34,961
2019	$811,571	$819,676	$409,065	$-8,105
2018	$673,863	$664,851	$418,636	$9,012