Texas Agriculture Connection

EIN: 920558849

Victoria, TX

Total Revenue
$21,572
Total Expenses
$6,782
Total Assets
$22,864
Net Assets
$22,864
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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
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

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 that strengthens it.

Program Service Accomplishments

Program 1
Expenses: $5,000 Revenue: $0

In 2024 TAC awarded two Texas high school seniors each with a $2,500 "TAC Youth in Agriculture" scholarship to pursue further education related to the Texas agriculture industry. We had more than 20...

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In 2024 TAC awarded two Texas high school seniors each with a $2,500 "TAC Youth in Agriculture" scholarship to pursue further education related to the Texas agriculture industry. We had more than 20 applicants from across the state. All applicants were required to submit academic information and two short essay responses.

Program 2
Expenses: $1,782 Revenue: $0

Texas Agriculture Connections primary service program is our public engagement program. Through our website and social media profiles we raise awareness of the value of the Texas agriculture industry...

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Texas Agriculture Connections primary service program is our public engagement program. Through our website and social media profiles we raise awareness of the value of the Texas agriculture industry among the general public. This program also increases statewide engagement with and understanding of the industrys challenges. In 2024 TAC significantly curtailed our operations. These expenses are all administrative allowing us to maintain our informational website social media accounts and banking 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 $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

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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
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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