Civic Intelligence

Texas Press Association

990 • Fiscal year 2024 • EIN 74-1084462

Jun 01, 2023 to May 31, 2024 • Filed on Oct 08, 2024

8800 Business Park DriveAustin, TX 78759

(512) 477-6755

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.09x

Higher debt load relative to assets than 39% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.04x

Higher debt load relative to revenue than 95% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-87%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$190,734

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 46.9% of source-year revenue.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

45th percentile

4.5%

Faster asset growth than 45% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-18%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,956,236

Up $213,187 (+4.5%) from 2023

Net Assets

Up

$4,534,490

Up $183,230 (+4.2%) from 2023

Liabilities

Up

$421,746

Up $29,957 (+7.6%) from 2023

Revenue

Down

$406,638

Down $90,147 (-18%) from 2023

Expenses

Down

$759,208

Down $32,572 (-4.1%) from 2023

Net Income

Down

-$352,570

Down $57,575 (-20%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $1,206,274Liabilities 2012: $83,892Net Assets 2012: $1,122,3822012Assets 2013: $1,234,575Liabilities 2013: $381,556Net Assets 2013: $853,0192013Assets 2014: $1,174,721Liabilities 2014: $187,159Net Assets 2014: $987,5622014Assets 2015: $6,086,512Liabilities 2015: $170,396Net Assets 2015: $5,916,1162015Assets 2016: $5,506,667Liabilities 2016: $147,291Net Assets 2016: $5,359,3762016Assets 2017: $5,965,022Liabilities 2017: $171,197Net Assets 2017: $5,793,8252017Assets 2018: $5,787,111Liabilities 2018: $152,901Net Assets 2018: $5,634,2102018Assets 2019: $5,179,003Liabilities 2019: $176,633Net Assets 2019: $5,002,3702019Assets 2020: $4,725,723Liabilities 2020: $170,060Net Assets 2020: $4,555,6632020Assets 2021: $5,837,577Liabilities 2021: $268,574Net Assets 2021: $5,569,0032021Assets 2022: $5,049,090Liabilities 2022: $166,495Net Assets 2022: $4,882,5952022Assets 2023: $4,743,049Liabilities 2023: $391,789Net Assets 2023: $4,351,2602023Assets 2024: $4,956,236Liabilities 2024: $421,746Net Assets 2024: $4,534,4902024Assets 2025: $5,088,206Liabilities 2025: $334,075Net Assets 2025: $4,754,1312025

Highlighted filing

2024

Assets$4,956,236
Liabilities$421,746
Net Assets$4,534,490

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $265,126Expenses 2012: $431,907Net Income 2012: -$166,7812012Revenue 2013: $263,079Expenses 2013: $548,416Net Income 2013: -$285,3372013Revenue 2014: $717,298Expenses 2014: $578,153Net Income 2014: $139,1452014Revenue 2015: $5,317,208Expenses 2015: $723,847Net Income 2015: $4,593,3612015Revenue 2016: $568,666Expenses 2016: $603,248Net Income 2016: -$34,5822016Revenue 2017: $503,309Expenses 2017: $673,216Net Income 2017: -$169,9072017Revenue 2018: $560,573Expenses 2018: $873,815Net Income 2018: -$313,2422018Revenue 2019: $532,481Expenses 2019: $839,056Net Income 2019: -$306,5752019Revenue 2020: $542,580Expenses 2020: $753,844Net Income 2020: -$211,2642020Revenue 2021: $450,958Expenses 2021: $658,451Net Income 2021: -$207,4932021Revenue 2022: $467,941Expenses 2022: $675,359Net Income 2022: -$207,4182022Revenue 2023: $496,785Expenses 2023: $791,780Net Income 2023: -$294,9952023Revenue 2024: $406,638Expenses 2024: $759,208Net Income 2024: -$352,5702024Revenue 2025: $838,961Expenses 2025: $737,799Net Income 2025: $101,1622025

Highlighted filing

2024

Revenue$406,638
Expenses$759,208
Net Income-$352,570
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Oct 8, 2024
Return Version
2023v5.1
Gross Receipts
$455,046
Mission and Program Overview

Mission

Promoting and preserving the future of texas newspapers

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,727,240$3,613,502▼ $113,738
Land, Buildings, and Equipment, Net$903,731$873,023▼ $30,708
Savings and Temporary Cash Investments$67,979$302,865▲ $234,886
Cash and Non-Interest-Bearing Accounts$10,289$148,573▲ $138,284
Accounts Receivable$29,810$14,035▼ $15,775
Inventories for Sale or Use$3,000$3,238▲ $238
Investments Other Securities$1,000$1,000→ $0
Total Assets$4,743,049$4,956,236▲ $213,187
Liabilities
Accounts Payable and Accrued Expenses$293,237$331,928▲ $38,691
Deferred Revenue$92,446$83,712▼ $8,734
Other Liabilities$6,106$6,106→ $0
Total Liabilities$391,789$421,746▲ $29,957
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,351,260$4,534,490▲ $183,230
Total Net Assets Fund Balance$4,351,260$4,534,490▲ $183,230
Total Liabilities and Net Assets / Fund Balance$4,743,049$4,956,236▲ $213,187

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$872,659$234,289$1,106,948
Equipment$364$125,503$125,867
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Micheal HodgesExecutive DirectorFT$39,525$151,209$190,734
Donnis BaggettExecutive Vice PresidentFT$125,112$2,500$127,612
Stephanie HearneControllerFT$24,470$93,020$117,490
Micheal Hodges--$39,525$8,500$48,025

Board Members and Trustees

NameTitle
Leonard WoolseyChairman
Ken CookePresident
Bill Patterson1st Vice President
Lisa Chappel2nd Vice President
Ana CosinoDirector
Brad BlakemoreDirector
Dalton SweatDirector
Jason HenningtonDirector
Jeff WickDirector
Jim MoserDirector
Jl MankinDirector
Kelli BarnesDirector
Kim WareDirector
Lang SvehlakDirector
Maria WeaverDirector
Max KabatDirector
Melanie BergerDirector
Murray JudsonDirector
Neice BellDirector
Paul PrauseDirector
Rhonda ChancellorDirector
Rick CraigDirector
Roger EstlackDirector
Tara HuffDirector
Tim RitterDirector
Yvonne MintzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Haynes And Boone LLPLobbing/legislativePO BOX 841399, Dallas, TX 75284$122,667
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$211,192
Investment Income
$155,296
Other Revenue
$35,150
All Other Contributions
$5,000
Change in Net Assets
$-352,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$388,525
Salaries, Compensation, and Employee Benefits$370,683
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$0$0$204,614
Conferences and Meetings$0$0$0$173,264
Other Salaries and Wages$0$0$0$108,968
Fees for Services Lobbying$0$0$0$78,618
Fees for Service Investment Mgmnt Fees$0$0$0$37,767
Occupancy$0$0$0$31,281
Payroll Taxes$0$0$0$24,142
Office Expenses$0$0$0$21,039
Other Employee Benefits$0$0$0$17,191
Depreciation Depletion$0$0$0$15,968
Pension Plan Contributions$0$0$0$15,768
Information Technology$0$0$0$15,615
Fees for Services Accounting$0$0$0$7,475
Insurance$0$0$0$3,768
Other Expenses$0$0$0$2,821
Travel$0$0$0$909
Total Functional Expenses$0$0$0$759,208
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$119,981
Current Year Nondeductible Lobbying and Political Cost$78,618
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$6,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Texas Press Association
EIN
74-1084462
Phone
5124776755
Address
8800 BUSINESS PARK DRIVE, AUSTIN, TX 78759

Signing Officer

Name
Micheal Hodges
Title
Executive Director
Phone
5124776755
Signed
2024-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Hodges
Formed
1957
Legal Domicile
TX
Voting Board Members
28
Independent Board Members
27
Employees
6
Volunteers
60

Preparer

Firm
Allman & Associates Inc
Address
9600 Great Hills Trail Suite 150W, Austin, TX 78759
Preparer
Peter L Allman CPA
Phone
5125023077
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The association has more than 400 member newspapers.

Pt VI, Line 7A

The members elect the board of directors.

Pt VI, Line 7B

Amendments to the bylaws must be approved by the membership.

Pt VI, Line 11B

The board of directors are provided a copy of the form 990 upon request.

Pt VI, Line 12C

The board of directors are provided training on all policies of the association including the conflict of interest policy. Board members are required to disclose all conflicts.

Pt VI, Line 15A

The executive committee serves as the compensation committee and is made up of independent members. The committee reviews and makes recommendations for the executive directors salary and benefits.

Pt VI, Line 19

The associations governing documents, conflict of interest policy, and financial statements are available to members upon request.

Form 990, Part III, Line 4D

Government affairs and legislative support to members

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IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.09$0.33$4.75$0.84$0.74$0.10
2024Detailed filing. Detailed filing data is available for this year.$4.96$0.42$4.53$0.41$0.76$0.35
2023Detailed filing. Detailed filing data is available for this year.$4.74$0.39$4.35$0.50$0.79$0.29
2022Detailed filing. Detailed filing data is available for this year.$5.05$0.17$4.88$0.47$0.68$0.21
2021Detailed filing. Detailed filing data is available for this year.$5.84$0.27$5.57$0.45$0.66$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.73$0.17$4.56$0.54$0.75$0.21
2019Summary only. Only limited summary data is available for this year.$5.18$0.18$5.00$0.53$0.84$0.31
2018Summary only. Only limited summary data is available for this year.$5.79$0.15$5.63$0.56$0.87$0.31
2017Summary only. Only limited summary data is available for this year.$5.97$0.17$5.79$0.50$0.67$0.17
2016Summary only. Only limited summary data is available for this year.$5.51$0.15$5.36$0.57$0.60$0.03
2015Summary only. Only limited summary data is available for this year.$6.09$0.17$5.92$5.32$0.72$4.59
2014Summary only. Only limited summary data is available for this year.$1.17$0.19$0.99$0.72$0.58$0.14
2013Summary only. Only limited summary data is available for this year.$1.23$0.38$0.85$0.26$0.55$0.29
2012Summary only. Only limited summary data is available for this year.$1.21$0.08$1.12$0.27$0.43$0.17