ANGELO STATE UNIVERSITY ROBERT G CARR A FOUNDATION (EIN 751658292) - 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

1978

Legal Domicile

Principal Officer

RONNIE D HAWKINS JR

Phone

3259422237

Tax Period

2023-09-01 to 2024-08-31

ANGELO STATE UNIVERSITY ROBERT G CARR A FOUNDATION, founded in 1978, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2023. Expenses of $12.5M exceeded revenue, resulting in a 54% operating deficit.

Mission

TO PROVIDE ACADEMIC SCHOLARSHIPS FOR NEEDY AND WORTHY STUDENTS ENROLLED AT ANGELO STATE UNIVERSITY.

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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 $0

Investment Income $2,326,730

Other Revenue $5,832,557

TOTAL REVENUE $8,159,287

Expense Breakdown

Grants Paid $11,941,767

Salaries & Benefits $165,925

Fundraising Expenses $0

Program Expenses $11,941,767

Other Expenses $419,926

TOTAL EXPENSES $12,527,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,159,287	$8,534,752	0.0%
Expenses	$12,527,618	$11,930,065	+0.1%
Net Income	$-4,368,331	$-3,395,313	+0.3%

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

$108,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GRIFFIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GINGER KERRICK DAVIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAD ZEITOUNI	STUDENT REGENT	1.00	Officer Director	$0	$0	$0
DUSTY WOMBLE	TRUSTEE	1.00	Director	$0	$0	$0
CODY CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
ARCILIA ACOSTA	TRUSTEE	1.00	Director	$0	$0	$0
PAT GORDON	TRUSTEE	1.00	Director	$0	$0	$0
CLAY CASH	TRUSTEE	1.00	Director	$0	$0	$0
TIM CULP	TRUSTEE	1.00	Director	$0	$0	$0
DR SHELLEY SWEATT	TRUSTEE	1.00	Director	$0	$0	$0
CANDICE UPTON BREWER	DIRECTOR OF OPERATIONS	40.00	Officer	$91,761	$16,807	$108,568

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	$8,159,287	$12,527,618	$180,954,452	$-4,368,331
2023	$8,534,752	$11,930,065	$172,696,390	$-3,395,313
2022	$11,577,342	$11,529,493	$181,505,215	$47,849
2021	$4,176,344	$10,762,740	$175,014,798	$-6,586,396
2020	$8,079,156	$9,769,591	$138,035,356	$-1,690,435
2019	$64,941	$10,097,279	$146,241,543	$-10,032,338
2018	$10,596,687	$9,312,040	$153,810,595	$1,284,647

ANGELO STATE UNIVERSITY ROBERT G CARR A FOUNDATION