PORT ARTHUR HIGHER EDUCATION FOUNDATION INC

EIN: 237272448 501(c)(3) Education

PORT ARTHUR, TX

Total Revenue
$1,276,232
Total Expenses
$349,229
Total Assets
$8,814,197
Net Assets
$8,809,796
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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
1973
Legal Domicile
TX
Principal Officer
SAM MONROE
Phone
4099846114
Tax Period
2024-01-01 to 2024-12-31

PORT ARTHUR HIGHER EDUCATION FOUNDATION INC, founded in 1973, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 329% from the prior year, signaling strong growth momentum. The organization ran a surplus of $927K, a strong 73% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT LAMAR STATE COLLEGE - PORT ARTHUR

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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 $175,105
Program Service Revenue $2,500
Investment Income $1,026,404
Other Revenue $72,223
TOTAL REVENUE $1,276,232

Expense Breakdown

Grants Paid $283,530
Salaries & Benefits $28,269
Fundraising Expenses $0
Program Expenses $283,530
Other Expenses $37,430
TOTAL EXPENSES $349,229

Year-over-Year Comparison

2024 2023 Change
Revenue $1,276,232 $297,755 +3.3%
Expenses $349,229 $341,106 +0.0%
Net Income $927,003 $-43,351 -22.4%
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
17
Independent Members
17
Employees
2
Volunteers
17

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
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
A MORRIS ALBRIGHT DIRECTOR N/A
Director
$0 $0 $0
SAM MONROE PRESIDENT 1.00
Officer Director
$0 $0 $0
ED BOONE CHAIRMAN OF 0.25
Officer Director
$0 $0 $0
JOHN COMEAUX SECRETARY/TR 0.50
Officer Director
$0 $0 $0
ELIZABETH CRAVENS DIRECTOR N/A
Director
$0 $0 $0
LEONARD GABRIEL JR DIRECTOR N/A
Director
$0 $0 $0
JEFF HAYES DIRECTOR N/A
Director
$0 $0 $0
JAMES MOORE SR DIRECTOR N/A
Director
$0 $0 $0
GEORGE TAYLOR DIRECTOR N/A
Director
$0 $0 $0
BILL WORSHAM DIRECTOR N/A
Director
$0 $0 $0
VERNA RUTHERFORD VICE CHAIRMA 0.10
Officer Director
$0 $0 $0
SHEILA UMPHREY DIRECTOR N/A
Director
$0 $0 $0
MARTIN BLITCH DIRECTOR N/A
Director
$0 $0 $0
RON BURTON DIRECTOR N/A
Director
$0 $0 $0
MARY ANN REID DIRECTOR N/A
Director
$0 $0 $0
ALLISON VERRET WRIGHT DIRECTOR N/A
Director
$0 $0 $0
GARY PARSLEY DIRECTOR N/A
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 $1,276,232 $349,229 $8,814,197 $927,003
2023 $297,755 $341,106 $8,042,871 $-43,351
2022 $589,567 $372,734 $7,844,591 $216,833
2021 $1,250,972 $437,951 $7,943,777 $813,021
2020 $338,085 $307,832 $6,789,485 $30,253
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