SOUTH PLAINS COLLEGE FOUNDATION

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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

1979

Legal Domicile

Phone

8067162218

Tax Period

2024-09-01 to 2025-08-31

SOUTH PLAINS COLLEGE FOUNDATION, founded in 1979, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $3.8M, a strong 59% operating margin.

Mission

SECURE AND ADMINISTER FUNDS FOR STUDENT FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS-IN-AID AND FOR GRANTS AND FINANCIAL SUPPORT THAT ADVANCES AND ENRICHES THE EDUCATIONAL PROGRAM OF SOUTH PLAINS COLLEGE, LEVELLAND, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $1,306,365

PROVIDE EDUCATIONAL PROGRAM SUPPORT TO SOUTH PLAINS COLLEGE.

Program 2

Expenses: $1,220,000

PROVIDE SCHOLARSHIPS TO STUDENTS BASED UPON THEIR SCHOLASTIC ACHIEVEMENTS AND/OR FINANCIAL NEEDS IN ACCORDANCE TO CRITERIA DETERMINED BY DONORS AND/OR SOUTH PLAINS COLLEGE.

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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 $2,162,514

Program Service Revenue $0

Investment Income $4,282,313

Other Revenue $-53,687

TOTAL REVENUE $6,391,140

Expense Breakdown

Grants Paid $2,526,365

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,526,365

Other Expenses $100,094

TOTAL EXPENSES $2,626,459

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,391,140	$7,356,479	-0.1%
Expenses	$2,626,459	$2,494,155	+0.1%
Net Income	$3,764,681	$4,862,324	-0.2%

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

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	Role	Reportable Comp	Other Comp	Total
JULIE GERSTENBERGER	Executive Dir.	Director	$0	$0	$0
DOUG HOELSCHER	Director	Director	$0	$0	$0
CHRISTY HARTIN	Director	Director	$0	$0	$0
MIKE BOX	Director	Director	$0	$0	$0
CORY NEWSOM	Director	Director	$0	$0	$0
DALLAS PENA	Director	Director	$0	$0	$0
RICHARD ELLIS	Director	Director	$0	$0	$0
GENE ALLEN	Director	Director	$0	$0	$0
BILL POWELL	Director	Director	$0	$0	$0
CHAD ALEXANDER	Director	Director	$0	$0	$0
DONETTE MARBLE	Director	Director	$0	$0	$0
MARC TUCKER	Director	Director	$0	$0	$0
KEN WILLIAMS	Director	Director	$0	$0	$0
RUSSELL VEST	Treasurer	Officer Director	$0	$0	$0
ANN CAPPS	President	Officer Director	$0	$0	$0
SARAH THOMPSON	Director	Director	$0	$0	$0
HENRY DOMINGUEZ	Director	Director	$0	$0	$0
MARK ROBERTS	Vice President	Officer Director	$0	$0	$0
MICHAEL STUEART	Director	Director	$0	$0	$0
ANNETTE SYKORA	Secretary	Officer Director	$0	$0	$0
ROBIN SATTERWHITE	Director	Director	$0	$0	$0
JOE TUBB	Director	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	$6,391,140	$2,626,459	$41,114,011	$3,764,681
2024	$7,356,479	$2,494,155	$38,345,024	$4,862,324
2023	$5,173,680	$2,865,146	$34,994,054	$2,308,534
2022	$721,251	$3,816,882	$33,524,567	$-3,095,631
2021	$16,691,151	$10,975,698	$38,675,033	$5,715,453
2020	$7,291,620	$4,848,164	$42,148,036	$2,443,456
2019	$2,768,248	$2,193,096	$23,614,919	$575,152
2018	$8,005,975	$6,152,133	$22,950,893	$1,853,842