TSRHC SCHOLARSHIP FUND DBA LEGACY SCHOLARSHIP FUND (EIN 752106637) - 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

1985

Legal Domicile

Principal Officer

ASHLEY GIVENS

Phone

2145597816

Tax Period

2023-01-01 to 2023-12-31

TSRHC SCHOLARSHIP FUND DBA LEGACY SCHOLARSHIP FUND, founded in 1985, is a small nonprofit in the Education sector that reported $395K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $447K exceeded revenue, resulting in a 13% operating deficit.

Mission

GRANTS EDUCATIONAL SCHOLARSHIPS TO FORMER PATIENTS OF TEXAS SCOTTISH RITE HOSPITAL FOR CHILDREN ("TSRHC")

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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 $176,907

Program Service Revenue $0

Investment Income $233,505

Other Revenue $-15,239

TOTAL REVENUE $395,173

Expense Breakdown

Grants Paid $402,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $405,660

Other Expenses $44,650

TOTAL EXPENSES $447,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,173	$587,916	-0.3%
Expenses	$447,150	$439,555	+0.0%
Net Income	$-51,977	$148,361	-1.4%

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

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

$1,480,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT AYERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL L WIGGINS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
P OSWIN CHRISMAN	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
W VERNON BURKE JR	DIRECTOR	1.00	Director	$0	$0	$0
W EUGENE BROOKSHIRE	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL C BROWN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD L CARTER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN F CROSS	DIRECTOR	1.00	Director	$0	$0	$0
PATSY WOODS MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES C PENN	DIRECTOR	1.00	Director	$0	$0	$0
JOE H TYLASKA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES L WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LORI L DALTON	SECRETARY (SEE SCH J)	1.00	Officer	$0	$59,081	$725,462
KRISTINA KEEVER-SMITH	TREASURER/VP INVEST (SEE SCH J)	1.00	Officer	$0	$138,097	$515,346
ASHLEY C GIVENS	PRESIDENT (SEE SCH J)	1.00	Officer	$0	$64,286	$239,800

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	No data	No data	No data	No data
2023	$395,173	$447,150	$16,300,626	$-51,977
2022	$587,916	$439,555	$14,406,852	$148,361
2021	$1,193,710	$390,530	$17,412,995	$803,180
2020	$577,473	$417,971	$15,766,561	$159,502
2019	$689,695	$373,987	$14,114,414	$315,708
2018	$5,230,970	$502,757	$11,792,367	$4,728,213

TSRHC SCHOLARSHIP FUND DBA LEGACY SCHOLARSHIP FUND