FANNIN CO SCHOLARSHIP FOUNDATION INC (EIN 581980183) - 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

1995

Legal Domicile

Principal Officer

WILLIAM PRATHER

Phone

7064559016

Tax Period

2024-07-01 to 2025-06-30

FANNIN CO SCHOLARSHIP FOUNDATION INC, founded in 1995, is a small nonprofit in the Education sector that reported $291K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 15% operating margin.

Mission

AWARDING COLLEGE SCHOLARSHIPS TO FANNIN COUNTY HIGH SCHOOL STUDENTS BASED ON COMMON FORMULA APPLIED TO ALL APPLICATIONS.

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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 $220,866

Program Service Revenue $0

Investment Income $40,269

Other Revenue $30,321

TOTAL REVENUE $291,456

Expense Breakdown

Grants Paid $238,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,500

Other Expenses $8,659

TOTAL EXPENSES $246,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,456	$226,720	+0.3%
Expenses	$246,659	$218,144	+0.1%
Net Income	$44,797	$8,576	+4.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE DAVENPORT	TRUSTEE	N/A	Director	$0	$0	$0
GLENN HARBISON	TRUSTEE	N/A	Director	$0	$0	$0
NORMAN E KAYE	TRUSTEE	N/A	Director	$0	$0	$0
LUCAS ROOF	TRUSTEE	N/A	Director	$0	$0	$0
ANGELA DELORME	VP	N/A	Officer	$0	$0	$0
WILLIAM PRATHER	PRESIDENT	N/A	Officer	$0	$0	$0
JACKIE SELF	TREASURER	N/A	Officer	$0	$0	$0
RICHARD YORK	SECRETARY	N/A	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	$291,456	$246,659	$802,256	$44,797
2024	$226,720	$218,144	$757,459	$8,576
2023	$282,123	$214,324	$402,373	$67,799
2022	$177,334	$176,652	$603,599	$682
2021	$187,517	$167,908	$581,153	$19,609
2020	$158,459	$164,059	$523,963	$-5,600
2019	$218,082	$190,918	$539,185	$27,164

FANNIN CO SCHOLARSHIP FOUNDATION INC