Texas Assoc of Developing Colleges (EIN 751241868) - 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

1967

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Texas Assoc of Developing Colleges, founded in 1967, is a small nonprofit in the Education sector that reported $529K in total revenue in fiscal year 2023. Expenses of $593K exceeded revenue, resulting in a 12% operating deficit.

Mission

The mission of the Organization is to strategically plan, organize and direct cooperative opportunities and programs for its five member private historically black colleges and universities and serve as administrator of educational and community programs.

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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 $60,788

Program Service Revenue $450,394

Investment Income $17,939

Other Revenue $0

TOTAL REVENUE $529,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $423,882

Other Expenses $592,559

TOTAL EXPENSES $592,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$529,121	$552,420	0.0%
Expenses	$592,559	$518,226	+0.1%
Net Income	$-63,438	$34,194	-2.9%

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

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
Herman Felton	Director	3.00	Director	$0	$0	$0
Collette Pierce - Burnette	Director	3.00	Director	$0	$0	$0
Michael Sorrell	Director	3.00	Officer Director	$0	$0	$0
Lester Newman	Chairman	3.00	Officer Director	$0	$0	$0
Dwight Fennell	Treasurer	3.00	Officer Director	$0	$0	$0
Dr Tyra Williams	Executive Director	20.00	Key Emp	$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	$529,121	$592,559	$649,400	$-63,438
2023	$552,420	$518,226	$759,375	$34,194
2022	$584,491	$531,787	$723,184	$52,704
2021	$635,793	$601,986	$687,346	$33,807
2020	$818,531	$763,126	$682,546	$55,405
2019	$554,117	$631,510	$843,362	$-77,393
2018	$537,575	$672,462	$546,954	$-134,887

Texas Assoc of Developing Colleges