CORPUS CHRISTI, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PALACIOS MARINE AGRICULTURAL RESEARCH INC, founded in 2020, is a community nonprofit in the Science & Technology sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 9% surplus.
THE CORPORATION IS ORGANIZED, AND SHALL BE OPERATED, EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, EDUCATIONAL, AND/OR OTHER EXEMPT PURPOSES SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE("CODE"). SPECIFICALLY, BUT WITHOUT LIMITATION OF THE FOREGOING, THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF CONDUCTING AGRICULTURAL RESEARCH. THE PRIMARY CHARITABLE ACTIVITIES OF THE CORPORATION IS WITHOUT LIMITATION DIRECTLY CONDUCTING RESEARCH TARGETED TOWARD SAVING, RESTORING, AND ENHANCING THE EXISTING HABITATS OF OYSTERS AND OTHER MARINE ORGANISMS, DEVELOPING NEW HABITATS FOR SUCH MARINE ORGANISMS, REPLENISHING AND ASSISTING IN THE LONG TERM STABILITY OF MARINE ORGANISM STACKS, DEVELOPING ENVIRONMENTALLY SUSTAINABLE MARINE ORGANISM PRODUCTION AND HARVESTING METHODOLOGIES IN THE TEXAS GULF COAST AND ELSEWHERE, AS DETERMINED BY THE CORPORATION'S BOARD OF DIRECTORS, AND DISSEMINATING AND EDUCATING THE PUBLIC, BOTH DIRECTLY AND INDIRECTLY, REGARDING ITS RESEARCH OUTCOMES. THE CORPORATION HAS ENTERED INTO COLLABORATIVE AGREEMENTS SO THAT ITS AGRICULTURAL RESEARCH IS CONDUCTED IN CONJUNCTION WITH ONE OR MORE (A) LAND-GRANT COLLEGES AND UNIVERSITIES, AND/OR (B) NON-LAND-GRANT COLLEGES OF AGRICULTURE DESIGNATED AS SUCH BY THE NATIONAL INSTITUTE OF FOOD AND AGRICULTURE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,215,290 | $2,640,699 | +0.2% |
| Expenses | $2,914,311 | $2,834,423 | +0.0% |
| Net Income | $300,979 | $-193,724 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LARRY MCKINNEY | DIRECTOR | 20.00 |
Director
|
$138,030 | $0 | $138,030 |
| CLARK C FLATO | BOARD CHAIRMAN | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHEN W ALTHEIDE | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID HOYER | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN J JOHNSON | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID F SUTTER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSE SEVILLA | ADVISORY DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KENNETH W TRAWICK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES MEYN | CHIEF EXECUTIVE OFFICER | 40.00 |
Director
|
$116,154 | $0 | $116,154 |
| GAIL SUTTON | DIRECTOR OF OPERAT. | 40.00 |
Highest
|
$144,220 | $0 | $144,220 |
| JOE FOX | FORMER EXECUTIVE DIRECTOR | 40.00 |
|
$222,078 | $0 | $222,078 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,215,290 | $2,914,311 | $4,338,603 | $300,979 |
| 2023 | $2,640,699 | $2,834,423 | $4,161,718 | $-193,724 |
| 2022 | $2,484,282 | $1,377,601 | $4,022,660 | $1,106,681 |
| 2021 | $3,231,140 | $840,681 | $2,986,125 | $2,390,459 |
Compare PALACIOS MARINE AGRICULTURAL RESEARCH INC with other nonprofits in Texas and across the country.