TEXAS GEOTHERMAL ENERGY ALLIANCE

EIN: 873104295 Environment

AUSTIN, TX

Total Revenue
$231,726
Total Expenses
$207,031
Total Assets
$79,617
Net Assets
$79,617
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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
2021
Legal Domicile
TX
Principal Officer
MATT WELCH
Phone
5124178084
Tax Period
2023-01-01 to 2023-12-31

TEXAS GEOTHERMAL ENERGY ALLIANCE, founded in 2021, is a small nonprofit in the Environment sector that reported $232K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $207K left a modest 11% surplus.

Mission

A TEXAS-BASED, TEXAS-LED ADVOCACY ORGANIZATION CREATED FOR THE PURPOSE OF ADVANCING GEOTHERMAL ENERGY IN TEXAS.

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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 $0
Program Service Revenue $231,726
Investment Income $0
Other Revenue $0
TOTAL REVENUE $231,726

Expense Breakdown

Grants Paid $200
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $206,831
TOTAL EXPENSES $207,031

Year-over-Year Comparison

2023 2022 Change
Revenue $231,726 $160,000 +0.4%
Expenses $207,031 $105,163 +1.0%
Net Income $24,695 $54,837 -0.5%
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY SMITHERMAN CHAIR & PRESIDENT 1.00
Officer Director
$0 $0 $0
MATT WELCH EXECUTIVE VP 1.00
Officer Director
$0 $0 $0
BEN SEBREE SECRETARY 1.00
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
2023 $231,726 $207,031 $79,617 $24,695
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