Texas High School Welding Series Inc (EIN 842182863) - 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

2019

Legal Domicile

Principal Officer

Eric Pesak

Phone

9797327179

Tax Period

2024-07-01 to 2025-06-30

Texas High School Welding Series Inc, founded in 2019, is a small nonprofit in the Education sector that reported $304K in total revenue in fiscal year 2024. Expenses of $290K left a modest 4% surplus.

Mission

Texas High School Welding Series is an organization dedicated to bridging the gap between students, educators, and industry leaders to develop the technical and employability skills necessary in Texas High School Students for tomorrows welding industry.

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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 $125,467

Program Service Revenue $177,917

Investment Income $159

Other Revenue $0

TOTAL REVENUE $303,543

Expense Breakdown

Grants Paid $90,506

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,546

Other Expenses $199,788

TOTAL EXPENSES $290,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,543	N/A	N/A
Expenses	$290,294	N/A	N/A
Net Income	$13,249	N/A	N/A

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

250

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

$34,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Higgins	President	1.00	Officer Director	$0	$0	$0
Jeff Sockwell	Vice President	1.00	Officer Director	$0	$0	$0
Heather Hill	Secretary	1.00	Officer Director	$0	$0	$0
Tim Keener	Treasurer	1.00	Officer Director	$0	$0	$0
Eric Pesak	Executive Director	15.00	Director	$34,800	$0	$34,800
Alex DeHart	Board Member	1.00	Director	$0	$0	$0
Caity Brown	Board Member	1.00	Director	$0	$0	$0
Charles Lovett	Board Member	1.00	Director	$0	$0	$0
Dusty Green	Board Member	1.00	Director	$0	$0	$0
Jim Baxter	Board Member	1.00	Director	$0	$0	$0
Larry Carollo	Board Member	1.00	Director	$0	$0	$0
Mike Ellisor	Board Member	1.00	Director	$0	$0	$0
Russell Smith	Board Member	1.00	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	$303,543	$290,294	$94,620	$13,249

Texas High School Welding Series Inc