PEGASUS 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

1980

Legal Domicile

Principal Officer

DR SEEMEE A MCSHANE

Phone

2148712440

Tax Period

2022-09-01 to 2023-08-31

PEGASUS FOUNDATION, founded in 1980, is a small nonprofit that reported $800K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 105% operating deficit.

Mission

THE DALLAS INSTITUTE OF HUMANITIES AND CULTURE IS A NONPROFIT EDUCATIONAL ORGANIZATION WHOSE PURPOSE IS TO ENRICH AND DEEPEN THE PRACTICAL LIFE OF THE CITY WITH THE WISDOM AND IMAGINATION OF THE HUMANITIES. THE INSTITUTE ACCOMPLISHES ITS MISSION THROUGH EVENTS, CONFERENCES, AND GENERAL COURSES OF STUDY FOR OUR COMMUNITY, THROUGH PROFESSIONAL PROGRAMS FOR EDUCATORS, AND THROUGH PUBLICATIONS.

Program Service Accomplishments

Program 1

Expenses: $537,178 Revenue: $27,396

General Studies: Classes, groups, and events for diverse audiences, enriching the lives of participants through the study of humanities.

Program 2

Expenses: $263,514

Sue Rose Summer Institute The immediate purpose of the Sue Rose program is to honor and to rejuvenate teachers, who are significantly undervalued relative to the sacred trust placed in them by our...

Sue Rose Summer Institute The immediate purpose of the Sue Rose program is to honor and to rejuvenate teachers, who are significantly undervalued relative to the sacred trust placed in them by our society. Our goal is to engage, renew and nourish the love of learning for its own sake. An important indirect purpose of the program is to benefit the students of the teachers who participate and thereby to enrich the future of our society. Educators of all disciplines as well as administrators are offered a transformative experience of liberal learning through major classics of world cultures during the Summer Institute.

Program 3

Expenses: $145,828

MLK Symposium: Program held in January to explore Martin Luther King, Jr.s achievements and legacy.

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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 (2022)

Revenue Breakdown

Contributions & Grants $613,635

Program Service Revenue $29,334

Investment Income $123,000

Other Revenue $33,883

TOTAL REVENUE $799,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $598,099

Fundraising Expenses $293,412

Program Expenses $1,038,903

Other Expenses $1,039,780

TOTAL EXPENSES $1,637,879

Year-over-Year Comparison

	2022	2021	Change
Revenue	$799,852	$957,853	-0.2%
Expenses	$1,637,879	$1,629,107	+0.0%
Net Income	$-838,027	$-671,254	+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

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

$200,000

Total Directors