Thurgood Marshall College Fund (EIN 411750692) - 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

1993

Legal Domicile

Principal Officer

Harry L Williams

Phone

2025074851

Tax Period

2024-01-01 to 2024-12-31

Thurgood Marshall College Fund, founded in 1993, is a mid-sized nonprofit in the Education sector that reported $88.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $22.5M, a strong 26% operating margin.

Mission

Providing leadership development, scholarships, and advocacy to prepare new leaders.

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,577,154

Program Service Revenue $1,248,350

Investment Income $2,329,218

Other Revenue $101,189

TOTAL REVENUE $88,255,911

Expense Breakdown

Grants Paid $25,231,004

Salaries & Benefits $14,774,982

Fundraising Expenses $2,594,324

Program Expenses $54,173,674

Other Expenses $25,701,848

TOTAL EXPENSES $65,707,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,255,911	$77,840,126	+0.1%
Expenses	$65,707,834	$71,051,129	-0.1%
Net Income	$22,548,077	$6,788,997	+2.3%

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

114

Volunteers

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

$2,492,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Racquel Oden	Chair	1.00	Officer Director	$0	$0	$0
Ciara Anfield	Director	1.00	Director	$0	$0	$0
Terry Arnold	Director	1.00	Director	$0	$0	$0
Gary Bettman	Director	1.00	Director	$0	$0	$0
Cynthia Bowman	Director	1.00	Director	$0	$0	$0
Greg Carter II	Director	1.00	Director	$0	$0	$0
Theodore Colbert III	Director	1.00	Director	$0	$0	$0
Byna Elliott	Director	1.00	Director	$0	$0	$0
Robert Engel	Director	1.00	Director	$0	$0	$0
Myron Frazier	Director	1.00	Director	$0	$0	$0
Yvette Hunsicker	Director	1.00	Director	$0	$0	$0
Jeffrey Hurd	Director	1.00	Director	$0	$0	$0
Sandra Hurse	Director	1.00	Director	$0	$0	$0
Collis Jones	Director	1.00	Director	$0	$0	$0
Gregory Jones	Director	1.00	Director	$0	$0	$0
Sean Lee	Director	1.00	Director	$0	$0	$0
Lane McBride	Director	1.00	Director	$0	$0	$0
April Payne-McMillian	Director	1.00	Director	$0	$0	$0
Charles Merinoff	Director	1.00	Director	$0	$0	$0
Machell Mims	Director	1.00	Director	$0	$0	$0
Mark Nelson	Director	1.00	Director	$0	$0	$0
Michelle Nettles	Director	1.00	Director	$0	$0	$0
David Osswald	Director	1.00	Director	$0	$0	$0
Melonie Parker	Director	1.00	Director	$0	$0	$0
Josh Petty	Director	1.00	Director	$0	$0	$0
Dr Quinton Ross Jr	Director	1.00	Director	$0	$0	$0
Chris Scalia	Director	1.00	Director	$0	$0	$0
Paul Sweeney Jr Esq	Director	1.00	Director	$0	$0	$0
Byron Taylor	Director	1.00	Director	$0	$0	$0
Toni Townes-Whitley	Director	1.00	Director	$0	$0	$0
Kevin Walling	Director	1.00	Director	$0	$0	$0
Alicia West	Director	1.00	Director	$0	$0	$0
Tatia Williams	Director	1.00	Director	$0	$0	$0
Dr Harry Lee Williams	President & CEO	40.00	Officer	$793,000	$76,508	$869,508
Tamara Mathis Thompson	Chief Programs Officer	40.00	Officer	$225,616	$24,671	$250,287
George Spencer	Chief Development Officer	40.00	Officer	$289,800	$57,121	$346,921
David Kyle Sheppard	Chief Business and Legal Officer	40.00	Officer	$335,350	$55,637	$390,987
Aisha T Brown	Chief Finance & Operations Officer	40.00	Officer	$399,832	$48,677	$448,509
Clara Ross Stamps	Chief Marketing Officer	40.00	Officer	$152,789	$33,755	$186,544
Jason Hundley	Executive VP of Finance & Ops	40.00	Highest	$254,500	$45,318	$299,818
Christopher Brown	Exec. Director & Research Scientist	40.00	Highest	$219,808	$38,387	$258,195
Martinique Lashawn Taylor	Sr. VP of Programs	40.00	Highest	$216,000	$52,861	$268,861
Dakota Doman	Executive Director TM2	40.00	Highest	$185,980	$13,948	$199,928
Tamaria Kai Perry	SVP of Strategic Growth & Initiatives	40.00	Highest	$185,885	$40,297	$226,182

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	$88,255,911	$65,707,834	$143,339,390	$22,548,077
2023	$77,840,126	$71,051,129	$124,287,734	$6,788,997
2022	$69,219,574	$72,653,668	$126,922,627	$-3,434,094
2022	$69,437,783	$71,118,629	$131,416,499	$-1,680,846
2021	$98,266,975	$63,628,802	$121,810,471	$34,638,173
2021	$98,157,197	$63,700,978	$123,348,684	$34,456,219
2020	$97,413,793	$21,874,607	$86,074,777	$75,539,186
2019	$22,699,677	$21,970,052	$14,929,633	$729,625
2018	$25,160,955	$24,571,931	$13,406,083	$589,024

Thurgood Marshall College Fund