Plainview-Hale Co Industrial Foundation (EIN 756050019) - 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

1982

Legal Domicile

Phone

8062921075

Tax Period

2024-01-01 to 2024-12-31

Plainview-Hale Co Industrial Foundation, founded in 1982, is a small nonprofit that reported $240K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 28% operating margin.

Mission

Promote industrial development and create jobs in the city of Plainview and the county of Hale, TX.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $225,075

Investment Income $15,175

Other Revenue $0

TOTAL REVENUE $240,250

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,386

Other Expenses $158,387

TOTAL EXPENSES $172,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,250	$131,795	+0.8%
Expenses	$172,387	$162,672	+0.1%
Net Income	$67,863	$-30,877	-3.2%

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

Total Directors

$115,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristi Aday	Executive Dir.	40.00	Director	$115,411	$0	$115,411
Danny Glenn	Treasurer	2.00	Officer Director	$0	$0	$0
Jordan Loeffler	Vice President	2.00	Officer Director	$0	$0	$0
Rance Loafman	Vice President	2.00	Officer Director	$0	$0	$0
Sharon Wright	President	4.00	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	$240,250	$172,387	$945,592	$67,863
2023	$131,795	$162,672	$877,729	$-30,877
2022	$305,029	$139,616	$908,606	$165,413
2021	$238,706	$285,913	$783,193	$-47,207
2020	$298,443	$300,817	$810,276	$-2,374
2019	$326,589	$300,685	$856,410	$25,904
2018	$275,394	$285,037	$799,530	$-9,643

Plainview-Hale Co Industrial Foundation