Sallie Pat Tackett Scholarship Fund Foundation (EIN 550715334) - 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

1959

Legal Domicile

Principal Officer

Allen Tackett

Phone

3043439493

Tax Period

2025-01-01 to 2025-12-31

Sallie Pat Tackett Scholarship Fund Foundation, founded in 1959, is a small nonprofit in the Education sector that reported $464K in total revenue in fiscal year 2025. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $315K, a strong 68% operating margin.

Mission

The SPTSFF raises money thru fund raising events and income from investments to provide scholarships to students at Riverside High School that meet stated qualifications.

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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 (2025)

Revenue Breakdown

Contributions & Grants $199,100

Program Service Revenue $0

Investment Income $264,269

Other Revenue $150

TOTAL REVENUE $463,519

Expense Breakdown

Grants Paid $147,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,500

Other Expenses $731

TOTAL EXPENSES $148,231

Year-over-Year Comparison

	2025	2024	Change
Revenue	$463,519	$254,292	+0.8%
Expenses	$148,231	$108,229	+0.4%
Net Income	$315,288	$146,063	+1.2%

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

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

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	Role	Reportable Comp	Other Comp	Total
Teresa Scarbro	President	Officer	$0	$0	$0
Debbie Stanley	Vice President	Officer	$0	$0	$0
Kathy Lewis	Secretary	Officer	$0	$0	$0
Allen Tackett	Treasurer	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
2025	$463,519	$148,231	$2,990,297	$315,288
2024	$254,292	$108,229	$2,675,009	$146,063
2023	$264,995	$150,199	$2,528,946	$114,796
2022	$72,788	$110,600	$2,414,150	$-37,812
2021	$569,199	$132,520	$2,451,962	$436,679
2020	$356,714	$142,712	$2,015,283	$214,002

Sallie Pat Tackett Scholarship Fund Foundation