Bosque Higher Education Authority Inc (EIN 742534099) - 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

1989

Legal Domicile

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.

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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 (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

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

$2,748,891

Total Directors

Key Employees

Highest Compensated

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

Bosque Higher Education Authority Inc