TRINITY SCHOOL ENDOWMENT CORPORATION

EIN: 464931388 501(c)(3) Education

MIDLAND, TX

Total Revenue
$624,309
Total Expenses
$646,383
Total Assets
$15,926,283
Net Assets
$15,871,477
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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
2014
Legal Domicile
TX
Principal Officer
STEVE PRUETT
Phone
4326973281
Tax Period
2023-07-01 to 2024-06-30

TRINITY SCHOOL ENDOWMENT CORPORATION, founded in 2014, is a small nonprofit in the Education sector that reported $624K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $15.9M represent 305 months of operating reserves.

Mission

TRINITY SCHOOL ENDOWMENT CORPORATION DIRECTLY SUPPORTS TRINITY SCHOOL OF MIDLAND, A 501(c)(3) EDUCATIONAL ORGANIZATION LOCATED IN MIDLAND, TEXAS. TRINITY SCHOOL OF MIDLAND IS A COLLEGE PREPARATORY COMMUNITY THAT PROVIDES A NURTURING ENVIRONMENT TO ENRICH THE MIND, STRENGTHEN THE BODY, ENLIVEN THE SOUL, AND INSPIRE SERVANT LEADERSHIP. TRINITY SCHOOL ENDOWMENT CORPORATION HELPS ACHIEVE THOSE GOALS BY ACTING AS A DEPOSITORY FOR ENDOWMENT FUNDS, MANAGING THOSE FUNDS AND HELP RAISE ADDITIONAL FUNDS FOR TRINITY SCHOOL OF MIDLAND.

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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 $137,389
Program Service Revenue $0
Investment Income $432,644
Other Revenue $54,276
TOTAL REVENUE $624,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $626,425
Other Expenses $646,383
TOTAL EXPENSES $646,383

Year-over-Year Comparison

2023 2022 Change
Revenue $624,309 $546,935 +0.1%
Expenses $646,383 $537,856 +0.2%
Net Income $-22,074 $9,079 -3.4%
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

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
11

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
5
$469,873
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELBY HAMMER TS HEAD 1.00
Officer
$0 $0 $311,388
JAMIE TERRY TS CFO 1.00
Officer
$0 $0 $158,485
MIKE PARTY Trustee 1.00
Director
$0 $0 $0
MICHAEL MCWILLIAMS Trustee 1.00
Director
$0 $0 $0
STEVE PRUETT Chairman 1.00
Officer Director
$0 $0 $0
MARY ANN BENINATI Trustee 1.00
Director
$0 $0 $0
MICHAEL GLASSCOCK Trustee 1.00
Director
$0 $0 $0
NOBLE STARNES Treasurer 1.00
Officer Director
$0 $0 $0
TRIPP EDWARDS Secretary 1.00
Officer Director
$0 $0 $0
GINNY ALLEN Trustee 1.00
Director
$0 $0 $0
ROBIN BROWN Trustee 1.00
Director
$0 $0 $0
TRICIA SETH Trustee 1.00
Director
$0 $0 $0
DWIGHT ALWORTH Trustee 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
2025 No data No data No data No data
2024 $624,309 $646,383 $15,926,283 $-22,074
2023 $546,935 $537,856 $14,413,272 $9,079
2022 $3,918,303 $476,199 $13,351,040 $3,442,104
2021 $519,194 $8,424 $12,055,812 $510,770
2020 $451,606 $20,484 $9,456,678 $431,122
2019 $1,750,275 $300,733 $9,168,201 $1,449,542
2018 $455,848 $283,535 $7,340,385 $172,313
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