BRUCE TUCKER MEMORIAL SCHOLARSHIP TRUST

EIN: 581602220 501(c)(3)

GERMANTOWN, TN

Total Revenue
$83,099
Total Expenses
$19,300
Total Assets
$567,690
Net Assets
$567,690
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Principal Officer
STEPHEN GAMBRELL
Phone
9017581212
Tax Period
2024-01-01 to 2024-12-31

BRUCE TUCKER MEMORIAL SCHOLARSHIP TRUST, founded in 1985, is a micro nonprofit that reported $83K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $64K, a strong 77% operating margin.

Mission

THE BRUCE TUCKER MEMORIAL SCHOLARSHIP TRUST WAS ESTABLISHED AS A MEMORIAL TO THE LATE MR. BRUCE TUCKER, WHO DIED ON MAY 23, 1973 HAVING SERVED AS BRANCH MANAGER FOR 20 YEARS. SCHOLARSHIPS ARE AWARDED TO COLLEGE STUDENTS MAJORING IN CONSTRUCTION RELATED CURRICULUMS AT 2-YEAR AND 4-YEAR COLLEGES AND UNIVERSITIES. MOST RECENTLY, SCHOLARSHIPS WERE AWARDED TO STUDENTS ATTENDING OKLAHOMA STATE UNIVERSITY, MISSOURI SCIENCE & TECHNOLOGY UNIVERSITY, UNIVERSITY OF TENNESSEE - KNOXVILLE AND CHATTANOOGA STATE COMMUNITY COLLEGE. MISSISSIPPI VALLEY AGC SPONSORS AGC STUDENT CHAPTERS AT NORTHEAST MISSISSIPPI COMMUNITY COLLEGE, BOONEVILLE, MS AND MISSISSIPPI STATE UNIVERSITY, STARKVILLE, MS. THE AGC STUDENT CHAPTERS ASSIST STUDENTS IN OBTAINING A LEVEL OF KNOWLEDGE THAT MEETS OR EXCEEDS THE CONSTRUCTION INDUSTRY STANDARDS AND OFFERS SUPPORT WITHIN AND AROUND THE COLLEGE COMMUNITY AND CAMPUS THROUGH SPECIAL NEEDS AND PROJECTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $83,099
TOTAL REVENUE $83,099

Expense Breakdown

Grants Paid $19,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,300
Other Expenses $300
TOTAL EXPENSES $19,300

Year-over-Year Comparison

2024 2023 Change
Revenue $83,099 $147,895 -0.4%
Expenses $19,300 $16,500 +0.2%
Net Income $63,799 $131,395 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN GAMBRELL EXECUTIVE VP N/A
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 $83,099 $19,300 $567,690 $63,799
2024 $83,099 $19,300 $567,690 $63,799
2024 $82,799 $19,000 $567,690 $63,799
2023 $147,895 $16,500 $503,891 $131,395
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