Brazos Higher Education Service Corporation Inc (EIN 742129255) - 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

Phone

2547530915

Tax Period

2024-07-01 to 2025-06-30

Brazos Higher Education Service Corporation Inc, founded in 1980, is a mid-sized nonprofit in the Education sector that reported $33.8M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.8M, a strong 74% operating margin.

Mission

BRAZOS HIGHER EDUCATION SERVICE CORPORATION, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS & 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 $452,065

Program Service Revenue $22,779,042

Investment Income $10,524,171

Other Revenue $18,756

TOTAL REVENUE $33,774,034

Expense Breakdown

Grants Paid $140,610

Salaries & Benefits $7,590,772

Fundraising Expenses $0

Program Expenses $7,691,863

Other Expenses $1,203,119

TOTAL EXPENSES $8,934,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,774,034	$19,156,221	+0.8%
Expenses	$8,934,501	$9,000,961	0.0%
Net Income	$24,839,533	$10,155,260	+1.4%

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

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

$4,102,511

Total Directors

$1,755,138

Key Employees

$285,908

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ricky Turman	EVP/COO/CFO	37.5	Officer Director	$659,544	$101,455	$760,999
Thomas Litle	President & CEO	37.5	Officer Director	$895,987	$98,152	$994,139
Dr Andy Popejoy	Director	1.0	Director	$0	$0	$0
Dr David Myers	Director	1.0	Director	$0	$0	$0
Dr Terry Maness	Director	1.0	Director	$0	$0	$0
Greta Watson	Director	1.0	Director	$0	$0	$0
Robert D Chambers	Director	1.0	Director	$0	$0	$0
Steven Bostick	Director	1.0	Director	$0	$0	$0
Andrew Ellis	VP, Administration & HR	37.5	Officer	$307,699	$80,931	$388,630
Darrell Brooks	Treasurer	37.5	Officer	$232,630	$67,386	$300,016
Kelli Uttech	EVP, General Counsel	37.5	Officer	$459,985	$83,927	$543,912
Nan MacDonald	VP, Marketing	37.5	Officer	$234,442	$60,551	$294,993
Randall Larson	VP, Sales	37.5	Officer	$263,448	$74,174	$337,622
Tammy Harralson	Controller/VP	37.5	Officer	$258,182	$72,119	$330,301
Tiffany Jones	Exec. Corp. Secretary	37.5	Officer	$119,395	$32,504	$151,899
Debra Urias	VP Student Lending Operations	37.5	Key Emp	$227,168	$58,740	$285,908
Carol Thomas	Loan Administration Manager	37.5	Highest	$127,953	$26,239	$154,192
Christy Alleman	Information Systems Manager	37.5	Highest	$139,762	$35,134	$174,896
Jessica Fadal	Data Warehouse & Bus. Int. Mgr.	37.5	Highest	$149,233	$40,154	$189,387
John M Wright	Director Structured Finance	37.5	Highest	$271,980	$71,734	$343,714
Milicent Larson	Director of Scholarships	2.5	Highest	$192,103	$58,733	$250,836

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	$33,774,034	$8,934,501	$318,997,073	$24,839,533
2024	$19,156,221	$9,000,961	$277,854,175	$10,155,260
2023	$16,305,011	$8,053,886	$212,610,560	$8,251,125
2022	$12,631,577	$7,608,789	$152,724,525	$5,022,788
2021	$13,301,559	$8,267,745	$90,646,531	$5,033,814
2020	$9,572,011	$7,794,180	$84,191,943	$1,777,831
2019	$10,562,441	$8,011,433	$78,417,621	$2,551,008
2018	$11,343,882	$8,708,241	$75,470,768	$2,635,641

Brazos Higher Education Service Corporation Inc