PURSUING LIFE A TEXAS NONPROFIT

EIN: 853012433 501(c)(3)

MARBLE FALLS, TX

Total Revenue
$65,142
Total Expenses
$77,945
Total Assets
$3,412
Net Assets
$3,412
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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
2020
Legal Domicile
TX
Principal Officer
GENE GLAESER
Phone
5127518240
Tax Period
2023-01-01 to 2023-12-31

PURSUING LIFE A TEXAS NONPROFIT, founded in 2020, is a micro nonprofit that reported $65K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $78K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE CORPORATION IS TO CREATE CONTENT THAT ENCOURAGES PEOPLE TO KNOW GOD AND EXPERIENCE SPIRITUAL WELLBEING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $65,000
Program Service Revenue $0
Investment Income $142
Other Revenue $0
TOTAL REVENUE $65,142

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,000
Other Expenses $77,945
TOTAL EXPENSES $77,945

Year-over-Year Comparison

2023 2022 Change
Revenue $65,142 $621,024 -0.9%
Expenses $77,945 $614,450 -0.9%
Net Income $-12,803 $6,574 -2.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENE GLAESER PRESIDENT 40.00
Officer Director
$0 $0 $0
AMBER MAENIUS VP/TREASURER 2.00
Officer
$0 $0 $0
JORDAN GLAESER SECRETARY 1.00
Officer
$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
2023 $65,142 $77,945 $3,412 $-12,803
2022 $621,024 $614,450 $16,215 $6,574
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