TEXAS BAR COLLEGE

EIN: 020581226 501(c)(3) Education

AUSTIN, TX

Total Revenue
$460,960
Total Expenses
$349,498
Total Assets
$1,132,867
Net Assets
$891,525
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
TX
Principal Officer
Hedy Bower
Phone
5124271481
Tax Period
2024-06-01 to 2025-05-31

TEXAS BAR COLLEGE, founded in 2002, is a small nonprofit in the Education sector that reported $461K in total revenue in fiscal year 2024. The organization ran a surplus of $111K, a strong 24% operating margin.

Mission

The College recognizes and encourages lawyers who maintain and enhance their professional skills and the quality of their service to the public by significant voluntary participation in legal education; promotes among members of the State Bar and the general public the educational and public purposes of the College and its members; recognizes and encourages outstanding service to the legal profession and to the public; and sponsors or otherwise assists in educational activities of significant merit and widespread relevance and applicability to the legal profession.

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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 $435,570
Program Service Revenue $0
Investment Income $27,335
Other Revenue $-1,945
TOTAL REVENUE $460,960

Expense Breakdown

Grants Paid $17,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $323,356
Other Expenses $331,998
TOTAL EXPENSES $349,498

Year-over-Year Comparison

2024 2023 Change
Revenue $460,960 $482,376 0.0%
Expenses $349,498 $337,511 +0.0%
Net Income $111,462 $144,865 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
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
4
$0
Total Directors
18
$0
Key Employees
2
$249,646
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Hunter Chair 2.00
Officer Director
$0 $0 $0
Jessica Phillips Vice Chair 2.00
Officer Director
$0 $0 $0
Hon Ann-Marie Saleh Secretary Treasurer 2.00
Officer Director
$0 $0 $0
Kenda L Culpepper Immediate Past Chair 2.00
Officer Director
$0 $0 $0
Langston Scott Adams Director 1.00
Director
$0 $0 $0
Damon D Edwards Director 1.00
Director
$0 $0 $0
Stephen J Naylor Director 1.00
Director
$0 $0 $0
Hon Erin A Nowell Director 1.00
Director
$0 $0 $0
Frank E Stevenson Director 1.00
Director
$0 $0 $0
Daniel Hernandez Director 1.00
Director
$0 $0 $0
Robert L Tobey Director 1.00
Director
$0 $0 $0
Melissa J Willms Director 1.00
Director
$0 $0 $0
Christy Amuny Director 1.00
Director
$0 $0 $0
Hon Tina Clinton Director 1.00
Director
$0 $0 $0
Jose Escobedo Jr Director 1.00
Director
$0 $0 $0
Philip Mack Furlow Director 1.00
Director
$0 $0 $0
Nathaniel St Clair Director 1.00
Director
$0 $0 $0
Brandy Wingate Voss Director 1.00
Director
$0 $0 $0
Katherine Korrodi Managing Director 40.00
Key Emp
$0 $7,697 $83,888
Hedy Bower Executive Director TBC 6.00
Key Emp
$0 $15,596 $165,758
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
2025 $460,960 $349,498 $1,132,867 $111,462
2024 $482,376 $337,511 $1,031,613 $144,865
2023 $446,847 $310,463 $878,000 $136,384
2022 $384,754 $243,258 $720,351 $141,496
2021 $332,273 $197,772 $567,136 $134,501
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