PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION (EIN 237025386) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

JIMMY PARKER

Phone

8063244100

Tax Period

2024-01-01 to 2024-12-31

PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 20% operating margin.

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS TO PROVIDE SCHOLARSHIPS TO QUALIFIED INDIVIDUALS FOR ELIGIBLE EDUCATIONAL EXPENSES CONSISTING OF TUITION AND FEES, BOOKS AND SUPPLIES, ROOM AND BOARD AND INCIDENTAL EXPENSES RELATED TO ATTENDANCE AT AN ACCREDITED EDUCATIONAL INSTITUTION IN THE STATE OF TEXAS OFFERING AN ACADEMIC DEGREE PROGRAM OF AT LEAST TWO YEARS SCHOOL ATTENDANCE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,160

Investment Income $8,731,115

Other Revenue $0

TOTAL REVENUE $8,759,275

Expense Breakdown

Grants Paid $3,861,842

Salaries & Benefits $1,717,842

Fundraising Expenses $0

Program Expenses $4,425,261

Other Expenses $1,467,097

TOTAL EXPENSES $7,046,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,759,275	$6,170,024	+0.4%
Expenses	$7,046,781	$6,217,491	+0.1%
Net Income	$1,712,494	$-47,467	-37.1%

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

Governance

Voting Members

Independent Members

Employees

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

$463,082

Total Directors

$463,082

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY PARKER	PRESIDENT/CE	40.00	Officer Director	$241,671	$34,351	$276,022
ZACH BELL	CFO	40.00	Officer Director	$153,221	$33,839	$187,060
RITA CRADDOCK	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TAMMY ROARK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LYNDA TINSLEY	BOARD SECRET	2.00	Officer Director	$0	$0	$0
MICHAEL P RYAN	DIRECTOR	2.00	Director	$0	$0	$0
JAN BENTON	DIRECTOR	2.00	Director	$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	$8,759,275	$7,046,781	$174,847,285	$1,712,494
2023	$6,170,024	$6,217,491	$166,113,977	$-47,467
2022	$4,976,997	$5,135,823	$153,414,797	$-158,826
2021	$13,006,465	$3,910,137	$182,464,704	$9,096,328
2019	$37,843,785	$36,164,523	$532,567,370	$1,679,262
2018	$43,245,344	$40,672,050	$861,859,204	$2,573,294

PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION