The D Truitt and Lorna Davis Found… - 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

2003

Legal Domicile

Principal Officer

Lamar Mathews

Phone

7138683530

Tax Period

2023-01-01 to 2023-12-31

The D Truitt and Lorna Davis Foundation c/o Lamar Mathews, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $108K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $103K left a modest 4% surplus.

Mission

To make grants to and engage in support activities for the exclusive benefit of the public charity known as Yellowstone Academy, Houston, TX.

Program Service Accomplishments

Program 1

Expenses: $94,000

Grant to the public charity known as Yellowstone Academy located in Houston, Texas, which is a 501 (c)(3) organization.

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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 $51,069

Other Revenue $56,669

TOTAL REVENUE $107,738

Expense Breakdown

Grants Paid $94,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,000

Other Expenses $9,078

TOTAL EXPENSES $103,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,738	$345,618	-0.7%
Expenses	$103,078	$161,296	-0.4%
Net Income	$4,660	$184,322	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan Fisher	Director, President	4.00	Officer Director	$0	$0	$0
Lamar Mathews	Director, Secretary	6.00	Officer Director	$0	$0	$0
Jordan Mathews	Director, Vice President	2.00	Officer Director	$0	$0	$0
Jim Rebello	Director, Treasurer	2.00	Officer Director	$0	$0	$0
Grant James	Director	2.00	Director	$0	$0	$0
Paul Thompson Jr	Director	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
2024	No data	No data	No data	No data
2023	$107,738	$103,078	$3,689,929	$4,660
2022	$345,618	$161,296	$3,687,274	$184,322
2021	$127,463	$15,680	$3,500,921	$111,783
2020	$-120,160	$58,212	$3,382,453	$-178,372
2019	$188,651	$14,489	$3,559,758	$174,162
2018	$102,762	$155,953	$3,386,645	$-53,191

The D Truitt and Lorna Davis Foundation c/o Lamar Mathews