NORTH TEXAS ALZHEIMERS PRO-AM INC

EIN: 882884060 501(c)(3) Medical Research

ADDISON, TX

Total Revenue
$376,694
Total Expenses
$376,378
Total Assets
$58,931
Net Assets
$58,931
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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
2022
Legal Domicile
TX
Principal Officer
STEVE FOLSOM
Phone
2145340912
Tax Period
2024-01-01 to 2024-12-31

NORTH TEXAS ALZHEIMERS PRO-AM INC, founded in 2022, is a small nonprofit in the Medical Research sector that reported $377K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

Raise and distribute money for organizations that support Alzheimer's research and patient services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $252,023
Program Service Revenue $0
Investment Income $0
Other Revenue $124,671
TOTAL REVENUE $376,694

Expense Breakdown

Grants Paid $330,000
Salaries & Benefits $38,000
Fundraising Expenses $0
Program Expenses $376,378
Other Expenses $8,378
TOTAL EXPENSES $376,378

Year-over-Year Comparison

2024 2023 Change
Revenue $376,694 $594,522 -0.4%
Expenses $376,378 $578,961 -0.3%
Net Income $316 $15,561 -1.0%
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
20

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
$38,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE FOLSOM President 0.00
Officer
$0 $0 $0
ELISA STEPHENS Secretary 0.00
Officer
$38,000 $0 $38,000
BRIAN MASON Treasurer 0.00
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
2024 $376,694 $376,378 $58,931 $316
2023 $594,522 $578,961 $58,615 $15,561
2022 $523,044 $514,685 $43,054 $8,359
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