POLK COUNTY HIGHER EDUCATION & TECHNOLOGY FOUNDATION (EIN 270411361) - Form 990 Financial Analysis & Trantor Score

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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

2009

Principal Officer

GARVEY JACKSON

Phone

9363273166

Tax Period

2023-10-01 to 2024-09-30

POLK COUNTY HIGHER EDUCATION & TECHNOLOGY FOUNDATION, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $226K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $290K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROMOTE EDUCATION, SCIENTIFIC AND OTHER CHARITABLE PURPOSES IN POLK COUNTY, TX, AND TO PROVIDE A DEVELOPMENT FACILITY IN POLK COUNTY, TX WHICH WILL BE FOR THE EXCLUSIVE PURPOSE AS AN EDUCATION AND TRAINING CENTER, INCLUDING ANY ANCILLARY USES NECESSARY.

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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 $59,368

Program Service Revenue $108,219

Investment Income $0

Other Revenue $58,707

TOTAL REVENUE $226,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,178

Fundraising Expenses $0

Program Expenses $289,912

Other Expenses $221,734

TOTAL EXPENSES $289,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,294	$264,600	-0.1%
Expenses	$289,912	$218,989	+0.3%
Net Income	$-63,618	$45,611	-2.4%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYDNEY MURPHY	DIRECTOR	N/A	Director	$0	$0	$0
MARTHA WATSON	DIRECTOR	N/A	Director	$0	$0	$0
BILLY S WIGGINS	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG EVANS	PRESIDENT	N/A	Officer	$0	$0	$0
GARVEY JACKSON	TREASURER	N/A	Officer	$0	$0	$0
CONNIE SLOCOMB	SECRETARY	N/A	Officer	$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	$226,294	$289,912	$317,725	$-63,618
2023	$264,600	$218,989	$375,629	$45,611
2022	$253,161	$194,938	$338,754	$58,223

POLK COUNTY HIGHER EDUCATION & TECHNOLOGY FOUNDATION