TEXAS TECH ALUMNI ASSOCIATION

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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

1927

Legal Domicile

Principal Officer

DAVID LOW

Phone

8067423641

Tax Period

2023-01-01 to 2023-12-31

TEXAS TECH ALUMNI ASSOCIATION, founded in 1927, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 33% operating margin.

Mission

THE ORGANIZATION CULTIVATES LOYALTY, TRADITION, SERVICE, AND LIFELONG RELATIONSHIPS. SUPPORTING AND ASSISTING IN THE DEVELOPMENT AND INCREASING OF THE FACILITIES OF TEXAS TECH UNIVERSITY THROUGH (1) ENCOURAGE & ESTABLISH SCHOLARSHIPS, (2) ENGAGE IN THE ADVANCEMENT OF HIGHER EDUCATION THROUGH RESEARCH AND OTHER LITERARY AND SCIENTIFIC UNDERTAKINGS AND BROADER EDUCATION OPPORTUNITIES, (3) AWARD ALUMNI FOR OUTSTANDING WORK IN PROMOTING THE WELFARE OF THE UNIVERSITY, (4) ENGAGE IN PUBLIC RELATIONS ON BEHALF OF THE UNIVERSITY, (5) ASSIST IN KEEPING RECORDS AND STATISTICS ON GRADUATES AND FORMER STUDENTS OF THE UNIVERSITY, (6) PUBLISH AN ALUMNI MAGAZINE, (7) SUPPORT LOCAL ALUMNI GROUPS OR OTHER RELATED ORGANIZATIONS OR FACULTY, AND (8) TO ENCOURAGE DONATIONS TO THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $2,342,161

UNIVERSITY SUPPORT PROJECTS - PROVIDE FUNDS TO SUPPORT THE ONGOING PROJECTS OF THE UNIVERSITY OR TO SUPPORT KEY AREAS OF IMPORTANCE OF THE UNIVERSITY. (EXAMPLES INCLUDE FACULTY AWARDS, ACADEMIC...

UNIVERSITY SUPPORT PROJECTS - PROVIDE FUNDS TO SUPPORT THE ONGOING PROJECTS OF THE UNIVERSITY OR TO SUPPORT KEY AREAS OF IMPORTANCE OF THE UNIVERSITY. (EXAMPLES INCLUDE FACULTY AWARDS, ACADEMIC RECRUITMENT, ATHLETICS, ETC.)

Program 2

SCHOLARSHIPS - PROVIDE FUNDS TO SUPPORT STUDENTS IN THEIR GOALS OF ADVANCEMENT OF HIGHER EDUCATION AND TO PROMOTE ACADEMIC RECRUITMENT BY PROVIDING ADDITIONAL FUNDING SOURCES AVAILABLE TO STUDENTS.

Program 3

CHAPTER MEMBER SERVICES - PROVIDE FUNDS TO SUPPORT THE ACTIVITIES OF LOCAL ALUMNI GROUPS AND OTHER RELATED ORGANIZATIONS' EFFORTS AT ACADEMIC RECRUITMENT & PROMOTION OF THE UNIVERSITY.

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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 $5,993,625

Program Service Revenue $59,969

Investment Income $184,094

Other Revenue $190,134

TOTAL REVENUE $6,427,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,108,233

Fundraising Expenses $880,023

Program Expenses $2,342,161

Other Expenses $2,206,568

TOTAL EXPENSES $4,314,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,427,822	$5,145,018	+0.2%
Expenses	$4,314,801	$3,993,414	+0.1%
Net Income	$2,113,021	$1,151,604	+0.8%

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

136

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

$738,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN NASH	CHAIRMAN	15.00	Officer Director	$0	$0	$0
KEVIN NELSON	FINANCE COMMITTEE CHAIR	5.00	Officer Director	$0	$0	$0
HEATH CHEEK	CENTENNIAL CHAIR	5.00	Officer Director	$0	$0	$0
MORRIS WILKES	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
STACI HIX-HERNANDEZ	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
ISAAC ALBARADO	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ BATES	BOARD MEMBER	1.00	Director	$0	$0	$0
JON MARK BERNAL	BOARD MEMBER	2.00	Director	$0	$0	$0
ABIES CARLO	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM CATHEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS CHAPMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
MISSI CURRIER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY DIXON	BOARD MEMBER	2.00	Director	$0	$0	$0
F SCOTT DUESER	BOARD MEMBER	2.00	Director	$0	$0	$0
CASE FEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK FEWIN	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS ISOM	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBBYE KIRKPATRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LADEWIG	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA MCMAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE K MEYER	BOARD MEMBER	1.30	Director	$0	$0	$0
AMANDA O'CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER PEREZ-STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIE LANDIN RAMIREZ	BOARD MEMBER	5.00	Director	$0	$0	$0
RHONDA RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS RICHARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWNA TANKERSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL TARWATER	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSSELL THOMASSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHANCE TURNER	BOARD MEMBER	2.00	Director	$0	$0	$0
RUSS WEBB	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE ZAYKOWSKI	BOARD MEMBER	3.50	Director	$0	$0	$0
CURT LANGFORD	PRESIDENT & CEO	40.00	Officer	$216,268	$30,216	$246,484
JIM DOUGLASS	VICE PRESIDENT - DEVELOPME	40.00	Officer	$103,922	$26,629	$130,551
KRISTINA BUTLER	VICE PRESIDENT - MARKETING	40.00	Officer	$98,375	$19,669	$118,044
DAVID LOW	CFO	40.00	Officer	$111,695	$11,523	$123,218
CHRIS SNEAD	VICE PRESIDENT - OPERATION	40.00	Officer	$91,335	$29,057	$120,392

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	No data	No data	No data	No data
2023	$6,427,822	$4,314,801	$19,447,053	$2,113,021
2022	$5,145,018	$3,993,414	$17,727,972	$1,151,604
2021	$4,664,357	$3,649,796	$17,376,523	$1,014,561
2020	$5,530,219	$3,664,428	$17,280,557	$1,865,791
2019	$3,912,290	$3,585,425	$15,345,594	$326,865
2018	$5,461,302	$3,886,597	$11,678,522	$1,574,705