DENTON AFRICAN AMERICAN SCHOLARSHIP FOUNDATION INC

EIN: 261359294 501(c)(3) Education

DENTON, TX

Total Revenue
$320,497
Total Expenses
$19,822
Total Assets
$394,490
Net Assets
$394,450
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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
2007
Legal Domicile
TX
Phone
9403686918
Tax Period
2017-01-01 to 2017-12-31

DENTON AFRICAN AMERICAN SCHOLARSHIP FOUNDATION INC, founded in 2007, is a small nonprofit in the Education sector that reported $320K in total revenue in fiscal year 2017. The organization ran a surplus of $301K, a strong 94% operating margin.

Mission

TO MAKE COLLEGE A REALITY FOR YOUTH OF AFRICAN AMERICAN DESCENT GRADUATING FROM DENTON ISD SCHOOLS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $323,315
Program Service Revenue $0
Investment Income $1,736
Other Revenue $-4,554
TOTAL REVENUE $320,497

Expense Breakdown

Grants Paid $13,650
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,095
Other Expenses $6,172
TOTAL EXPENSES $19,822

Year-over-Year Comparison

2017 2016 Change
Revenue $320,497 N/A N/A
Expenses $19,822 N/A N/A
Net Income $300,675 N/A N/A
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
5
Independent Members
5
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY EADDY President 4.00
Officer Director
$0 $0 $0
VALDA MORGAN PHD Secretary 2.00
Officer Director
$0 $0 $0
CAROLYN MOHAIR MEMBER 1.00
Director
$0 $0 $0
REV REGINALD LOGAN Treasurer 2.00
Officer Director
$0 $0 $0
SIMON ALLO MD MEMBER 1.00
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
2017 $320,497 $19,822 $394,490 $300,675
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