THE UNIVERSITY OF TEXAS FOUNDATION NO 1

EIN: 237109244 501(c)(3)

AUSTIN, TX

Total Revenue
$389,452
Total Expenses
$389,015
Total Assets
$2,268,343
Net Assets
$8,181
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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
1971
Legal Domicile
TX
Principal Officer
HECTOR DELEON
Phone
5124738985
Tax Period
2024-01-01 to 2024-12-31

THE UNIVERSITY OF TEXAS FOUNDATION NO 1, founded in 1971, is a small nonprofit that reported $389K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT THE UNIVERSITY OF TEXAS SYSTEM.

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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 $389,000
Program Service Revenue $0
Investment Income $452
Other Revenue $0
TOTAL REVENUE $389,452

Expense Breakdown

Grants Paid $389,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $389,000
Other Expenses $15
TOTAL EXPENSES $389,015

Year-over-Year Comparison

2024 2023 Change
Revenue $389,452 $2,264,148 -0.8%
Expenses $389,015 $853,516 -0.5%
Net Income $437 $1,410,632 -1.0%
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
4
Independent Members
4
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
$234,198
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HECTOR DE LEON PRESIDENT 1.00
Officer Director
$0 $0 $0
SHANNON RATLIFF VP AND SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE COOK VP AND TREASURER 1.00
Officer Director
$0 $0 $0
BRUCE RIDEAUX TRUSTEE 1.00
Director
$0 $0 $0
SHERI DESPAIN EXECUTIVE DIRECTOR AND CFO 1.00
Officer
$0 $28,657 $234,198
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 $389,452 $389,015 $2,268,343 $437
2023 $2,264,148 $853,516 $2,267,744 $1,410,632
2022 $850,112 $13 $857,112 $850,099
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