HAROLD M FREEMAN EDUCATIONAL FOUNDATION (EIN 746334098) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

DARRYL BORGONAH

Phone

5122452766

Tax Period

2023-09-01 to 2024-08-31

HAROLD M FREEMAN EDUCATIONAL FOUNDATION, founded in 1985, is a small nonprofit that reported $631K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $725K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE HAROLD M. FREEMAN EDUCATIONAL FOUNDATION TRUST IS A TEXAS HILL COUNTRY RANCH OPERATED BY TEXAS STATE UNIVERSITY. THE RANCH IS USED AS AN EDUCATIONAL LABORATORY BY THE UNIVERSITY'S AGRICULTURE AND BIOLOGY PROGRAMS AT TEXAS STATE UNIVERSITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $543,199

Program Service Revenue $60,027

Investment Income $496

Other Revenue $27,014

TOTAL REVENUE $630,736

Expense Breakdown

Grants Paid $1,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $725,179

Other Expenses $723,429

TOTAL EXPENSES $725,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$630,736	$429,003	+0.5%
Expenses	$725,179	$375,883	+0.9%
Net Income	$-94,443	$53,120	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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 NATIONAL BANK OF SAN ANTONIO	INACTIVE CO-TRUSTEE	1.00	Director	$0	$0	$0
TEXAS STATE UNIVERSITY	OPERATING CO-TRUSTEE	1.00	Director	$0	$0	$0

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	$630,736	$725,179	$9,808,768	$-94,443
2023	$464,597	$375,883	$9,969,665	$88,714
2022	$294,811	$335,522	$9,943,519	$-40,711
2021	$352,754	$369,586	$10,047,513	$-16,832
2020	$296,117	$337,422	$8,578,721	$-41,305

HAROLD M FREEMAN EDUCATIONAL FOUNDATION