Bosque Higher Education Authority Inc

EIN: 742534099 501(c)(3)

Waco, TX

Total Revenue
$534,024
Total Expenses
$150,907
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TX
Phone
2547530915
Tax Period
2023-07-01 to 2024-05-31

Bosque Higher Education Authority Inc, founded in 1989, is a small nonprofit that reported $534K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $383K, a strong 72% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $150,907 Revenue: $531,045

BOSQUE HIGHER EDUCATION AUTHORITY INC. HELD STUDENT LOANS UNDER ALTERNATIVE STUDENT LOAN PROGRAMS. THESE LOANS WERE FUNDED WITH COMPANY FUNDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $158,106
Investment Income $2,979
Other Revenue $372,939
TOTAL REVENUE $534,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $150,907
Other Expenses $150,907
TOTAL EXPENSES $150,907

Year-over-Year Comparison

2023 2022 Change
Revenue $534,024 $654,942 -0.2%
Expenses $150,907 $166,982 -0.1%
Net Income $383,117 $487,960 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
6
$2,748,891
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAUDE ERVIN DIRECTOR 1.0
Director
$0 $0 $0
DR TERRY MANESS DIRECTOR 1.0
Director
$0 $0 $0
JOHN PERRY DIRECTOR 1.0
Director
$0 $0 $0
LARRY SMITH DIRECTOR 1.0
Director
$0 $0 $0
PAUL MCCLINTON DIRECTOR 1.0
Director
$0 $0 $0
DARRELL BROOKS TREASURER 1.0
Officer
$0 $62,199 $281,440
KELLI UTTECH EVP, GENERAL COUNSEL 1.0
Officer
$0 $78,893 $477,562
RICKY TURMAN EVP/CFO/COO 1.0
Officer
$0 $94,644 $715,480
TAMMY HARRALSON VP/CONTROLLER 1.0
Officer
$0 $67,073 $313,420
THOMAS 'BEN' LITLE PRESIDENT AND CEO 1.0
Officer
$0 $79,508 $828,855
TIFFANY JONES SECRETARY 1.0
Officer
$0 $29,339 $132,134
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 $534,024 $150,907 No data $383,117
2023 $654,942 $166,982 $2,326,609 $487,960
2022 $2,490,292 $1,947,173 $501,515 $543,119
2021 $3,474,479 $2,492,976 $69,920,973 $981,503
2020 $4,299,076 $3,266,006 $79,613,872 $1,033,070
2019 $1,017,576 $842,786 $94,837,018 $174,790
2018 $188,083 $67,842 $2,771,657 $120,241
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