TOM SLICK MEMORIAL TRUST FOR SW FO… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

MR BRUCE EDWARDS

Phone

2102589400

Tax Period

2023-01-01 to 2023-12-31

TOM SLICK MEMORIAL TRUST FOR SW FOUNDATION FOR RESEARCH AND EDUCATION, founded in 1972, is a small nonprofit in the Medical Research sector that reported $487K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 198% operating deficit.

Mission

THE TOM SLICK TRUST IS AN INCOME TRUST THAT SUPPORTS TEXAS BIOMEDICAL RESEARCH INSTITUTE.

Program Service Accomplishments

Program 1

Expenses: $1,366,886

THE TOM SLICK TRUST HOLDS OIL AND GAS PROPERTIES AND VARIOUS INVESTMENT SECURITIES. THE INCOME FROM THESE INVESTMENTS IS USED EXCLUSIVELY TO SUPPORT THE TEXAS BIOMEDICAL RESEARCH INSTITUTE AND ITS...

THE TOM SLICK TRUST HOLDS OIL AND GAS PROPERTIES AND VARIOUS INVESTMENT SECURITIES. THE INCOME FROM THESE INVESTMENTS IS USED EXCLUSIVELY TO SUPPORT THE TEXAS BIOMEDICAL RESEARCH INSTITUTE AND ITS CHARITABLE MISSION. MINIMAL EXPENSES ARE INCURRED BY THE TRUST PRIOR TO MAKING MONTHLY DISTRIBUTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $81,098

Other Revenue $406,100

TOTAL REVENUE $487,198

Expense Breakdown

Grants Paid $1,366,886

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,366,886

Other Expenses $83,125

TOTAL EXPENSES $1,450,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$487,198	$644,114	-0.2%
Expenses	$1,450,011	$1,614,235	-0.1%
Net Income	$-962,813	$-970,121	0.0%

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

Governance

Voting Members

Independent Members

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

$1,259,777

Total Directors

$93,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JAMES JAMO RUBIN	CHAIRMAN	0.25	Officer Director	$0	$0	$0
DR C COLLINS ANDY ANDERSON III	TRUSTEE	0.25	Director	$0	$0	$0
MR JAMES B JAMIE SMITH JR	SECRETARY	0.25	Officer Director	$0	$0	$0
MR REX AMINI	TRUSTEE	0.25	Director	$0	$0	$0
MR RICHARD N AZAR II	TRUSTEE	0.25	Director	$0	$0	$0
MR DAVID Q BATES JR	TRUSTEE	0.25	Director	$0	$0	$93,116
MR DAVID BOHNE	TRUSTEE	0.25	Director	$0	$0	$0
MR CRAIG BOYAN	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
MR ROBERT M BOBBY CAVENDER	TRUSTEE	0.25	Director	$0	$0	$0
MR HENRY CISNEROS	TRUSTEE	0.25	Director	$0	$0	$0
MR JOHN COWELL	TRUSTEE	0.25	Director	$0	$0	$0
MRS BARBARA B DREEBEN	TRUSTEE (THRU 5/2023)	0.25	Director	$0	$0	$0
MR WALTER EMBREY	TRUSTEE (THRU 5/2023)	0.25	Director	$0	$0	$0
DR CRAIG FRANCES	TRUSTEE	0.25	Director	$0	$0	$0
MRS ASHLEY HIXON	TRUSTEE	0.25	Director	$0	$0	$0
MRS ABIGAIL G KAMPMANN	TRUSTEE	0.25	Director	$0	$0	$0
MR RICHARD KARDYS	TRUSTEE (THRU 5/2023)	0.25	Director	$0	$0	$0
MR JOHN C KERR	TRUSTEE	0.25	Director	$0	$0	$0
MR WILLIAM R BILL KLESSE	TRUSTEE	0.25	Director	$0	$0	$0
MRS CAROLYN H LABATT	TRUSTEE	0.25	Director	$0	$0	$0
MR MARK PITMAN MAYS	TRUSTEE	0.25	Director	$0	$0	$0
MR JOE C MCKINNEY	TRUSTEE	0.25	Director	$0	$0	$0
MR LEWIS J LEW MOORMAN IV	TRUSTEE	0.25	Director	$0	$0	$0
DR DACIA NAPIER	TRUSTEE	0.25	Director	$0	$0	$0
DR GEORGE PEOPLES JR	TRUSTEE	0.25	Director	$0	$0	$0
MR AL RAJWANI	TRUSTEE	0.25	Director	$0	$0	$0
MRS CORINNA RICHTER	TRUSTEE	0.25	Director	$0	$0	$0
MRS JENNA SAUCEDO-HERRERA	TRUSTEE	0.25	Director	$0	$0	$0
MR LANE RIGGS	TRUSTEE	0.25	Director	$0	$0	$0
MRS SHERYL SCULLEY	TRUSTEE	0.25	Director	$0	$0	$0
MRS MARSHA M SHIELDS	TRUSTEE	0.25	Director	$0	$0	$0
MR CHARLES CHUCK URSCHEL SLICK	TRUSTEE	0.25	Director	$0	$0	$0
MR JOE STRAUS III	TRUSTEE	0.25	Director	$0	$0	$0
MR JOHN B ZACHRY	TRUSTEE	0.25	Director	$0	$0	$0
DR LARRY SCHLESINGER	PRESIDENT & CEO	1.00	Officer	$0	$65,374	$823,494
MR BRUCE EDWARDS	EXECUTIVE VICE PRESIDENT & CFO	1.00	Officer	$0	$68,802	$436,283

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	No data	No data	No data	No data
2023	$487,198	$1,450,011	$15,776,219	$-962,813
2022	$644,114	$1,614,235	$14,292,512	$-970,121
2021	$1,063,800	$1,469,005	$17,909,573	$-405,205
2020	$476,771	$1,636,308	$17,454,974	$-1,159,537
2019	$529,472	$1,671,685	$17,522,441	$-1,142,213
2018	$890,622	$1,890,363	$16,264,800	$-999,741

TOM SLICK MEMORIAL TRUST FOR SW FOUNDATION FOR RESEARCH AND EDUCATION