TEXAS COLLEGE

EIN: 750917417 501(c)(3) Education

Tyler, TX

Total Revenue
$18,493,524
Total Expenses
$16,839,973
Total Assets
$69,678,410
Net Assets
$62,350,283
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
TX
Principal Officer
MS MILLICENT L RICKENBACKER
Phone
9035938311
Tax Period
2024-07-01 to 2025-06-30

TEXAS COLLEGE, founded in 1944, is a mid-sized nonprofit in the Education sector that reported $18.5M in total revenue in fiscal year 2024. Expenses of $16.8M left a modest 9% surplus.

Mission

To ensure that the student body experiences balanced intellectual, psychological, social and spiritual development, aimed at enabling them to become active productive members of society where they live and work.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,896,685
Program Service Revenue $9,544,755
Investment Income $433,481
Other Revenue $618,603
TOTAL REVENUE $18,493,524

Expense Breakdown

Grants Paid $527,019
Salaries & Benefits $927,305
Fundraising Expenses $241,802
Program Expenses $10,633,974
Other Expenses $15,385,649
TOTAL EXPENSES $16,839,973

Year-over-Year Comparison

2024 2023 Change
Revenue $18,493,524 $19,163,497 0.0%
Expenses $16,839,973 $14,808,534 +0.1%
Net Income $1,653,551 $4,354,963 -0.6%
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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Governance

Voting Members
17
Independent Members
17
Employees
149
Volunteers
14

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
7
$927,305
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Dwight J Fennell President 040.00
Officer
$531,618 $67,845 $599,463
Ms Millicent L Rickenbacker Vice President for Business and Finance 040.00
Officer
$95,000 $15,675 $110,675
Mrs Cynthia Marshall-Biggins Vice President for Student Affairs 040.00
Officer
$93,000 $15,981 $108,981
Ms Jan Duncan Vice President for Academic Affairs 040.00
Officer
$92,250 $15,936 $108,186
Bishop Lawrence L Reddick III Chairperson 001.00
Officer Director
$0 $0 $0
Mrs Billye Suber Aaron Board Member 001.00
Director
$0 $0 $0
Ms Bridget Chisholm Board Member 001.00
Director
$0 $0 $0
Dr Carmichael Crutchfield Board Member 001.00
Director
$0 $0 $0
Dr Tyrone Davis Board Member 001.00
Director
$0 $0 $0
Rev Dr Clarence Ford Board Member 001.00
Director
$0 $0 $0
Bishop David R Houston Board Member 001.00
Director
$0 $0 $0
Mrs Mary Elizabeth Jackson Board Member 001.00
Director
$0 $0 $0
Attorney Jim Lambeth Board Member 001.00
Director
$0 $0 $0
Dr Orenthia Mason Board Member 001.00
Director
$0 $0 $0
Dr Leon R McCowan Secretary 001.00
Officer Director
$0 $0 $0
Dr Patricia M McKenzie Vice Chairperson 001.00
Officer Director
$0 $0 $0
Attorney Clifton L Roberson Board Member 001.00
Director
$0 $0 $0
Dr Annie Grace Robinson Board Member 001.00
Director
$0 $0 $0
Mr Kelvin Thomas Board Member 001.00
Director
$0 $0 $0
Mr Terrance Washington Board Member 001.00
Director
$0 $0 $0
Ms Athena Jackson Board Member 001.00
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
2025 $18,493,524 $16,839,973 $69,678,410 $1,653,551
2024 No data No data No data No data
2023 $17,244,694 $13,960,954 $62,529,622 $3,283,740
2022 $22,124,244 $13,451,317 $58,932,373 $8,672,927
2021 $16,189,666 $11,361,560 $53,330,557 $4,828,106
2021 $16,189,666 $11,361,560 $53,330,557 $4,828,106
2020 $18,282,098 $15,915,661 $47,766,494 $2,366,437
2019 $18,914,691 $17,387,425 $46,033,573 $1,527,266
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