AMERICAN STATE BANK ENDOWED SCHOLARSHIP FUNDS FOR NURSING

EIN: 306043815 501(c)(3) Philanthropy & Grantmaking

MIDLAND, TX

Total Revenue
$124,733
Total Expenses
$93,254
Total Assets
$3,113,080
Net Assets
$3,113,080
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Phone
4326870243
Tax Period
2023-01-01 to 2023-12-31

AMERICAN STATE BANK ENDOWED SCHOLARSHIP FUNDS FOR NURSING is a small nonprofit in the Philanthropy & Grantmaking sector that reported $125K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $31K, a strong 25% operating margin.

Mission

TO ASSIST VARIUOS SCHOOLS OF NURSING WITH FINANCIAL DONATIONS FOR EQUIPMENT, RESEARCH, CURRICULAM, AND OTHER NEEDS OF THE SCHOOL, AND TO REWARD DESERVING NURSING STUDENTS THROUGH SCHOLARSHIPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,265
Program Service Revenue $0
Investment Income $105,885
Other Revenue $2,583
TOTAL REVENUE $124,733

Expense Breakdown

Grants Paid $91,956
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,254
Other Expenses $1,298
TOTAL EXPENSES $93,254

Year-over-Year Comparison

2023 2022 Change
Revenue $124,733 $147,725 -0.2%
Expenses $93,254 $108,436 -0.1%
Net Income $31,479 $39,289 -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
1
Independent Members
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 0.00
Officer 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
2023 $124,733 $93,254 $3,113,080 $31,479
2022 $147,725 $108,436 $2,950,945 $39,289
2021 $435,965 $102,268 $3,592,748 $333,697
2020 $339,081 $93,659 $3,259,051 $245,422
2019 $806,961 $75,570 $3,013,629 $731,391
2018 $-154,324 $81,265 $2,282,238 $-235,589
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