Brazos Higher Education Authority Inc (EIN 742099402) - 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

1975

Legal Domicile

Phone

2547530915

Tax Period

2024-07-01 to 2025-06-30

Brazos Higher Education Authority Inc, founded in 1975, is a mid-sized nonprofit in the Education sector that reported $43.6M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $51.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

BRAZOS HIGHER EDUCATION AUTHORITY, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.

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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 $0

Program Service Revenue $37,051,905

Investment Income $6,597,328

Other Revenue $0

TOTAL REVENUE $43,649,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,537,202

Other Expenses $51,537,202

TOTAL EXPENSES $51,537,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,649,233	$52,767,150	-0.2%
Expenses	$51,537,202	$56,936,680	-0.1%
Net Income	$-7,887,969	$-4,169,530	+0.9%

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

$3,081,266

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul McClinton	Vice President	1.0	Officer Director	$0	$0	$0
Robert D Chambers	President	1.0	Officer Director	$0	$0	$0
Claude Ervin	Director	1.0	Director	$0	$0	$0
Dr Andy Popejoy	Director	1.0	Director	$0	$0	$0
Harry Harelik	Director	1.0	Director	$0	$0	$0
Joe Nesbitt	Director	1.0	Director	$0	$0	$0
Justin Wiethorn	Director	1.0	Director	$0	$0	$0
Larry Smith	Director	1.0	Director	$0	$0	$0
Peter Kultgen	Director	1.0	Director	$0	$0	$0
Steven Bostick	Director	1.0	Director	$0	$0	$0
Darrell Brooks	Treasurer	1.0	Officer	$0	$67,386	$300,016
Kelli Uttech	EVP, General Counsel	1.0	Officer	$0	$83,927	$543,912
Ricky Turman	EVP & CFO	1.0	Officer	$0	$101,455	$760,999
Tammy Harralson	Controller/VP	1.0	Officer	$0	$72,119	$330,301
Thomas Litle	Executive Director	1.0	Officer	$0	$98,152	$994,139
Tiffany Jones	Exec. Corp. Secretary	1.0	Officer	$0	$32,504	$151,899

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	$43,649,233	$51,537,202	$510,450,178	$-7,887,969
2024	$52,767,150	$56,936,680	$697,868,797	$-4,169,530
2023	$65,596,378	$54,054,077	$798,359,381	$11,542,301
2022	$31,545,196	$30,560,842	$991,731,055	$984,354
2021	$33,986,760	$27,080,572	$1,180,982,939	$6,906,188
2020	$53,170,548	$47,907,302	$1,274,013,869	$5,263,246
2019	$65,270,655	$61,975,229	$1,326,813,826	$3,295,426
2018	$61,980,302	$56,097,992	$1,518,790,256	$5,882,310

Brazos Higher Education Authority Inc