TEXAS HIGHER EDUCATION FOUNDATION (EIN 743017895) - 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

2001

Legal Domicile

Principal Officer

MELISSA HENDERSON

Phone

5124276233

Tax Period

2024-09-01 to 2025-08-31

TEXAS HIGHER EDUCATION FOUNDATION, founded in 2001, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 32% operating margin.

Mission

TO FOSTER AND FURTHER EVIDENCE-BASED INITIATIVES THAT POSITIVELY IMPACT POSTSECONDARY OUTCOMES IN TEXAS TOGETHER WITH THE TEXAS HIGHER EDUCATION COORDINATING BOARD.

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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 $3,728,516

Program Service Revenue $40,000

Investment Income $93,691

Other Revenue $0

TOTAL REVENUE $3,862,207

Expense Breakdown

Grants Paid $76,000

Salaries & Benefits $7,087

Fundraising Expenses $0

Program Expenses $2,543,914

Other Expenses $2,555,719

TOTAL EXPENSES $2,638,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,862,207	$5,241,528	-0.3%
Expenses	$2,638,806	$3,175,470	-0.2%
Net Income	$1,223,401	$2,066,058	-0.4%

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

$280,801

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL ADAMS	PRESIDENT AND CEO	1.50	Officer Director	$0	$0	$0
DARRYL HEATH	TRUSTEE	1.00	Director	$0	$0	$0
FRED HELDENFELS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WOODY HUNT	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BOBBY JENKINS JR	TRUSTEE	1.00	Director	$0	$0	$0
ELAINE MENDOZA	SECRETARY	1.00	Officer Director	$0	$0	$0
RAYMOND F MESSER	TREASURER	1.50	Officer Director	$0	$0	$0
LORRAINE PERRYMAN	TRUSTEE	1.00	Director	$0	$0	$0
STUART STEDMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN STEEN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD A BOX	TRUSTEE	1.00	Director	$0	$0	$0
FRED FARIAS III	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN GIBSON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM WILL FRASER III	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE PLUMMER	TRUSTEE	1.00	Director	$0	$0	$0
DONNA WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
WELCOME WILSON JR	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES AMATO	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SHAW	TRUSTEE	1.00	Director	$0	$0	$0
DR SIDNEY W THEIS	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA I HENDERSON	EXECUTIVE DIRECTOR	10.00	Officer	$0	$38,860	$280,801
MAEVE LAHEY	ASSISTANT COMMISSIONER	10.00	Highest	$0	$22,643	$178,706

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	$3,862,207	$2,638,806	$5,674,984	$1,223,401
2024	No data	No data	No data	No data
2023	$1,032,734	$1,736,260	$2,243,874	$-703,526
2022	$2,408,543	$2,632,793	$3,354,865	$-224,250
2021	$5,310,528	$4,124,656	$3,255,300	$1,185,872
2020	$2,420,760	$1,492,126	$2,081,929	$928,634
2019	$1,063,578	$1,164,866	$821,504	$-101,288

TEXAS HIGHER EDUCATION FOUNDATION