TEXSAR INC (EIN 841644603) - 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

2004

Legal Domicile

Principal Officer

JUSTIN MCINNIS

Phone

5129566727

Tax Period

2024-01-01 to 2024-12-31

TEXSAR INC, founded in 2004, is a community nonprofit in the Public Safety sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO SERVE OUR COMMUNITIES AND OUR STATE BY PROVIDING REQUESTING AGENCIES WITH A HIGHLY TRAINED, AUTONOMOUS SEARCH AND RESCUE TEAM.

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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 $1,104,603

Program Service Revenue $41,030

Investment Income $16,367

Other Revenue $11,123

TOTAL REVENUE $1,173,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,036

Fundraising Expenses $330,846

Program Expenses $839,270

Other Expenses $695,714

TOTAL EXPENSES $1,321,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,173,123	$894,866	+0.3%
Expenses	$1,321,750	$890,103	+0.5%
Net Income	$-148,627	$4,763	-32.2%

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

Volunteers

234

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

$147,310

Total Directors

$8,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW TULL	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOE GLEINSER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ANDREW RAUCH	SECRETARY	5.00	Officer Director	$0	$0	$0
JULIE SCHNACKE	TREASURER	5.00	Officer Director	$0	$0	$0
ALEXIA RODRIGUEZ	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS JUBAN	DIRECTOR	5.00	Director	$0	$0	$0
JUSTEN NOAKES	DIRECTOR	5.00	Director	$8,333	$0	$8,333
TRAVIS STERLING	DIRECTOR	5.00	Director	$0	$0	$0
TIM DORN	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN MCINNIS	PRESIDENT/CE	40.00	Officer	$147,310	$0	$147,310

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	$1,173,123	$1,321,750	$1,029,260	$-148,627
2023	$894,866	$890,103	$1,091,331	$4,763
2022	$526,475	$665,194	$821,203	$-138,719
2021	$463,742	$456,500	$931,193	$7,242
2020	$232,867	$250,190	$263,224	$-17,323
2019	$367,253	$448,940	$282,404	$-81,687
2018	$420,212	$327,019	$363,409	$93,193

TEXSAR INC