Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $1,410,843 · related or exempt $1,410,843

• 2b · Program service revenue: CONVENTION

  total $224,075 · related or exempt $224,075

• 2c · Program service revenue: FEE SHARE INCOME

  total $31,045 · unrelated business $31,045

• 3 · Investment income

  total $33,442 · excluded $33,442

• 7a · Gross sales of assets other than inventory

  securities $83,882

• 7b · Less cost or other basis and sales expenses

  securities $80,132

• 7c · Gain or loss

  securities $3,750

• 7d · Net gain or loss

  total $3,750 · excluded $3,750

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $6,334 · related or exempt $6,334

• 11e · Other revenue, total

  $6,334

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $509,527

• 7 · Other salaries and wages

  total $476,315

• 8 · Pension plan contributions

  total $15,414

• 9 · Other employee benefits

  total $59,864

• 10 · Payroll taxes

  total $76,086

• 11b · Fees: legal

  total $90,523

• 11c · Fees: accounting

  total $52,954

• 11d · Fees: lobbying

  total $351,657

• 11f · Fees: investment management

  total $7,303

• 11g · Fees: other

  total $6,306

• 13 · Office expenses

  total $9,012

• 16 · Occupancy

  total $281,072

• 17 · Travel

  total $17,007

• 19 · Conferences, conventions and meetings

  total $104,527

• 22 · Depreciation, depletion and amortization

  total $5,046

• 23 · Insurance

  total $10,930

• 24a · Other expenses: TAXES

  total $7,500

• 24b · Other expenses: BAD DEBT

  total $30,909

• 24c · Other expenses: BANK CHARGES

  total $9,695

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $1,450

• 24e · All other expenses

  total $1,320

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $58,950 · end of year $83,891

• 2 · Savings and temporary cash investments

  beginning of year $2,556

• 4 · Accounts receivable

  beginning of year $57,374 · end of year $367,610

• 9 · Prepaid expenses and deferred charges

  beginning of year $16,340 · end of year $19,130

• 10a · Land, buildings and equipment: cost or other basis

  $484,947

• 10b · Land, buildings and equipment: accumulated depreciation

  $475,794

• 10c · Land, buildings and equipment, net

  beginning of year $14,199 · end of year $9,153

• 11 · Investments: publicly traded securities

  beginning of year $541,294 · end of year $377,116

• 12 · Investments: other securities

  beginning of year $425,449 · end of year $512,282

• 15 · Other assets

  beginning of year $334,058 · end of year $199,651

• 17 · Accounts payable and accrued expenses

  beginning of year $275,525 · end of year $648,546

• 19 · Deferred revenue

  beginning of year $38,000 · end of year $39,450

• 25 · Other liabilities

  beginning of year $346,975 · end of year $463,274

• 27 · Net assets without donor restrictions

  beginning of year $789,720 · end of year $417,563

The filer's explanations (Part III)

PART I, LINE 1A

DURING THE YEAR, TEXAS HEALTH CARE ASSOCIATION (THCA) PAID FOR THE SPOUSE OF ITS CEO/PRESIDENT, TRAVIS CLARDY, TO ACCOMPANY HIM ON CERTAIN BUSINESS TRIPS. THE VALUE OF THIS COMPANION TRAVEL WAS NOT TREATED AS TAXABLE COMPENSATION BECAUSE, IN EACH CASE, THE SPOUSE'S PRESENCE WAS DETERMINED TO SERVE A BONA FIDE BUSINESS PURPOSE. THE ORGANIZATION HAS A WRITTEN POLICY REQUIRING ADVANCE DOCUMENTATION AND APPROVAL OF THE BUSINESS PURPOSE FOR ALL COMPANION TRAVEL, AND SUCH DOCUMENTATION IS MAINTAINED IN THE ORGANIZATION'S RECORDS. THCA PAID ITS CEO/PRESIDENT, TRAVIS CLARDY, A $3,000 PER MONTH HOUSING ALLOWANCE FOR HIS RESIDENCE IN AUSTIN, TEXAS. THE FULL AMOUNT WAS REPORTED AS TAXABLE COMPENSATION ON HIS FORM W-2 AND IS NOT TREATED AS A NONTAXABLE BENEFIT.