THOMAS L JR & GRACE P DOWNS SCHOLARSHIP FUND (EIN 742123714) - 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

1980

Legal Domicile

Principal Officer

DEBBIE BROEMSEN

Phone

2102204089

Tax Period

2024-06-01 to 2025-05-31

THOMAS L JR & GRACE P DOWNS SCHOLARSHIP FUND, founded in 1980, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $307K exceeded revenue, resulting in a 33% operating deficit.

Mission

AS SET FORTH IN THE TRUST INSTRUMENT THIS ORGANIZATION SUPPORTS SOUTHWESTERN UNIVERSITY, TEXAS WESLEYAN UNIVERSITY AND SOUTHERN METHODIST UNIVERSITY.

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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 $0

Investment Income $230,411

Other Revenue $0

TOTAL REVENUE $230,411

Expense Breakdown

Grants Paid $212,000

Salaries & Benefits $67,025

Fundraising Expenses $0

Program Expenses $283,426

Other Expenses $28,467

TOTAL EXPENSES $307,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,411	$331,524	-0.3%
Expenses	$307,492	$343,795	-0.1%
Net Income	$-77,081	$-12,271	+5.3%

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

N/A

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
FROST BANK TRUSTEE	DEBBIE BROEMSEN, ADMINISTRATOR	40.0		$84,842	$0	$84,842

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	$230,411	$307,492	$8,574,438	$-77,081
2024	$331,524	$343,795	$8,651,519	$-12,271
2023	$395,869	$341,570	$8,663,790	$54,299
2022	$1,490,350	$355,147	$8,609,490	$1,135,203
2021	$342,548	$335,875	$7,474,286	$6,673
2020	$598,660	$314,013	$7,467,657	$284,647
2019	$462,829	$311,819	$7,183,010	$151,010

THOMAS L JR & GRACE P DOWNS SCHOLARSHIP FUND