PANOLA COLLEGE FOUNDATION

EIN: 751846813 501(c)(3)

CARTHAGE, TX

Total Revenue
$590,142
Total Expenses
$178,364
Total Assets
$4,956,864
Net Assets
$4,915,912
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TX
Phone
9036932025
Tax Period
2023-09-01 to 2024-08-31

PANOLA COLLEGE FOUNDATION, founded in 1982, is a small nonprofit that reported $590K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $412K, a strong 70% operating margin.

Mission

TO FOUNDATION'S PURPOSE IS TO STRENGTHEN THE EDUCATIONAL RESOURCES OF PANOLA COLLEGE BY ENCOURAGING A PROGRAM OF BENEFACTIONS TO THE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $158,689
Program Service Revenue $0
Investment Income $366,079
Other Revenue $65,374
TOTAL REVENUE $590,142

Expense Breakdown

Grants Paid $171,473
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $171,473
Other Expenses $6,891
TOTAL EXPENSES $178,364

Year-over-Year Comparison

2023 2022 Change
Revenue $590,142 $322,364 +0.8%
Expenses $178,364 $169,266 +0.1%
Net Income $411,778 $153,098 +1.7%
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

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Governance

Voting Members
13
Independent Members
N/A
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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MRS TONI BIGGS CHAIR 0.00
Officer Director
$0 $0 $0
MR ROBERT SHERMAN VICE CHAIR 0.00
Officer Director
$0 $0 $0
MR STEVE WILLIAMS SECRETARY 0.00
Officer Director
$0 $0 $0
MRS PATRICIA SMITH MEMBER 0.00
Director
$0 $0 $0
MS PEGGY POPE MEMBER 0.00
Director
$0 $0 $0
MR MARK LEACH MEMBER 0.00
Director
$0 $0 $0
MR BOBBY PHILLIPS MEMBER 0.00
Director
$0 $0 $0
MRS ALEASE COPELIN MEMBER 0.00
Director
$0 $0 $0
MR ROBBIE SHOULTS MEMBER 0.00
Director
$0 $0 $0
MRS TRACY SHOULTS MEMBER 0.00
Director
$0 $0 $0
MRS SANDRA PAYNE MEMBER 0.00
Director
$0 $0 $0
MS CAROLYN MURPHY MEMBER 0.00
Director
$0 $0 $0
MRS CHASTITI HORNE MEMBER 0.00
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
2024 $590,142 $178,364 $4,956,864 $411,778
2023 $322,364 $169,266 $4,231,408 $153,098
2022 $348,995 $150,356 $3,827,134 $198,639
2021 $945,282 $82,011 $4,449,308 $863,271
2020 $464,243 $159,039 $3,638,363 $305,204
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