NAVARRO COLLEGE FOUNDATION INC

EIN: 237455277 501(c)(3) Education

CORSICANA, TX

Total Revenue
$1,427,188
Total Expenses
$1,876,916
Total Assets
$13,610,952
Net Assets
$13,566,722
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
TX
Principal Officer
RICHARD CUTRER
Phone
9038741211
Tax Period
2024-09-01 to 2025-08-31

NAVARRO COLLEGE FOUNDATION INC, founded in 1974, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO MAKE AVAILABLE SCHOLARSHIPS TO STUDENTS AND CONTRIBUTIONS TO NAVARRO COLLEGE FOR SUPPORT. TO HAVE OVERSIGHT FUNCTION OVER COLLECTIBLES OWNED BY THE FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $1,618,258

TO MAKE AVAILABLE SCHOLARSHIPS TO STUDENTS AND CONTRIBUTIONS TO NAVARRO COLLEGE FOR SUPPORT. TO HAVE OVERSIGHT FUNCTION OVER COLLECTIBLES OWNED BY THE FOUNDATION.

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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 $1,217,692
Program Service Revenue $0
Investment Income $209,421
Other Revenue $75
TOTAL REVENUE $1,427,188

Expense Breakdown

Grants Paid $824,603
Salaries & Benefits $0
Fundraising Expenses $213,170
Program Expenses $1,618,258
Other Expenses $1,052,313
TOTAL EXPENSES $1,876,916

Year-over-Year Comparison

2024 2023 Change
Revenue $1,427,188 $747,528 +0.9%
Expenses $1,876,916 $1,329,074 +0.4%
Net Income $-449,728 $-581,546 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
60

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
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD ALDAMA MEMBER - NC 2.00
Director
$0 $0 $0
CHERYL BLANTON MEMBER 2.00
Director
$0 $0 $0
PAULA COOK PAST PRESIDE 2.00
Officer Director
$0 $0 $0
RICHARD CUTRER EXECUTIVE DI 40.00
Director
$0 $0 $0
JACEY GRIDER SECRETARY 2.00
Officer Director
$0 $0 $0
PAT HARPER MEMBER AT LA 2.00
Director
$0 $0 $0
RUSTY HITT PRESIDENT AP 2.00
Officer Director
$0 $0 $0
JODY JUDSON MEMBER 2.00
Director
$0 $0 $0
SARA KEATHLEY MEMBER 2.00
Director
$0 $0 $0
KAREN LESKOVEN VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JIM PARNNELL TREASURER 4.00
Officer Director
$0 $0 $0
CHRIS SKINNER PRESIDENT 4.00
Officer Director
$0 $0 $0
KEVIN STRENGTH MEMBER 2.00
Director
$0 $0 $0
HUGH STROUBE MEMBER 2.00
Director
$0 $0 $0
ERIC TALLEY MEMBER 2.00
Director
$0 $0 $0
SCOTT WATKINS MEMBER 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
2025 $1,427,188 $1,876,916 $13,610,952 $-449,728
2024 $747,528 $1,329,074 $12,974,094 $-581,546
2023 $741,190 $1,460,076 $12,216,254 $-718,886
2022 $765,061 $1,194,300 $12,170,159 $-429,239
2021 $815,951 $492,623 $12,885,327 $323,328
2020 $1,161,138 $1,192,255 $13,246,218 $-31,117
2019 $675,781 $774,500 $13,369,996 $-98,719
2018 $956,191 $606,896 $13,366,076 $349,295
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