Texas Agriculture Connection (EIN 920558849) - 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

2022

Legal Domicile

Phone

3619352029

Tax Period

2024-01-01 to 2024-12-31

Texas Agriculture Connection, founded in 2022, is a micro nonprofit that reported $22K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 69% operating margin.

Mission

Our mission is to further the welfare of the Texas agriculture industry by increasing awareness and engagement with it among the general public and promoting and influencing state legislation to strengthen it. Our most significant activities include a public engagement program and legislative advocacy program.

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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 $21,572

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $21,572

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,782

Other Expenses $1,782

TOTAL EXPENSES $6,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,572	$235,000	-0.9%
Expenses	$6,782	$242,233	-1.0%
Net Income	$14,790	$-7,233	-3.0%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carter Keating	President	1.00	Officer	$0	$0	$0
Ben Keating	Vice President	0.00	Officer	$0	$0	$0
Don Whitaker	Secretary	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	$21,572	$6,782	$22,864	$14,790
2023	$235,000	$242,233	$8,074	$-7,233

Texas Agriculture Connection