LEX KING SOUTER MEMORIAL FUND TRUST T-701

EIN: 046029671 501(c)(3)

DALLAS, TX

Total Revenue
$180,142
Total Expenses
$177,428
Total Assets
$3,200,271
Net Assets
$3,200,271
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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
1960
Legal Domicile
MA
Principal Officer
SAME AS ABOVE
Phone
8888663275
Tax Period
2024-08-01 to 2025-07-31

LEX KING SOUTER MEMORIAL FUND TRUST T-701, founded in 1960, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Net assets of $3.2M represent 213 months of operating reserves.

Mission

TO GIVE SPIRITUAL AND MATERIAL RELIEF TO ANY AND ALL NEEDY PERSONS WHO SHALL AT ANY TIME APPEAL TO SAID CHURCH FOR SUCH RELIEF AND ASSISTANCE

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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 $0
Program Service Revenue $0
Investment Income $180,142
Other Revenue $0
TOTAL REVENUE $180,142

Expense Breakdown

Grants Paid $144,719
Salaries & Benefits $29,892
Fundraising Expenses $0
Program Expenses $156,676
Other Expenses $2,817
TOTAL EXPENSES $177,428

Year-over-Year Comparison

2024 2023 Change
Revenue $180,142 $119,324 +0.5%
Expenses $177,428 $141,289 +0.3%
Net Income $2,714 $-21,965 -1.1%
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
N/A
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BANK OF AMERICA TRUSTEE 1.0
$29,829 $0 $29,829
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 $180,142 $177,428 $3,200,271 $2,714
2024 $119,324 $141,289 $3,197,554 $-21,965
2023 $418,000 $139,255 $3,222,118 $278,745
2022 $419,042 $139,320 $2,905,826 $279,722
2021 $340,808 $129,613 $2,898,983 $211,195
2020 $122,372 $122,027 $2,497,542 $345
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