PERMIAN BASIN AREA 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

1989

Legal Domicile

Principal Officer

Guy McCrary

Phone

4326173213

Tax Period

2024-01-01 to 2024-12-31

PERMIAN BASIN AREA FOUNDATION, founded in 1989, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $43.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $26.7M, a strong 61% operating margin.

Mission

Permian Basin Area Foundation exists to partner with donors in creating permanent charitable funds to enrich the quality of life in West Texas communities.

Program Service Accomplishments

Program 1

Expenses: $13,750,061 Revenue: $0

Community capacity building programs: 518 grants to various non-profit organizations and 413 individuals awarded scholarships; based on approved grant and scholarship applications.

Program 2

Expenses: $29,233 Revenue: $0

Community education includes general outreach to advance the mission of the Foundation and philanthropy in West Texas. Such activities include providing advice to nonprofits on best management...

Community education includes general outreach to advance the mission of the Foundation and philanthropy in West Texas. Such activities include providing advice to nonprofits on best management practices and capacity building, making reports to nonprofit boards about endowments, and conducting educational events for nonprofits. During 2024, the Foundation conducted 53 education meetings and/or events with nonprofits.

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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 $19,680,317

Program Service Revenue $0

Investment Income $22,690,614

Other Revenue $1,303,736

TOTAL REVENUE $43,674,667

Expense Breakdown

Grants Paid $13,262,885

Salaries & Benefits $1,523,433

Fundraising Expenses $188,931

Program Expenses $13,779,294

Other Expenses $2,215,763

TOTAL EXPENSES $17,002,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,674,667	$37,299,270	+0.2%
Expenses	$17,002,081	$19,940,623	-0.1%
Net Income	$26,672,586	$17,358,647	+0.5%

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

$600,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Guy McCrary	President and CEO	40	Officer	$319,150	$33,179	$352,329
Cyndi Vara	Chief Financial Officer	40	Officer	$204,377	$43,728	$248,105
Jennifer Steadman	Development Officer	40	Highest	$126,966	$23,054	$150,020
Cari Whitaker	Finance and Accounting Administrator	40	Highest	$101,576	$33,452	$135,028
Raymond Williams	Grants Officer	40	Highest	$103,100	$20,880	$123,980
Wesley Bownds	Chair	1	Officer Director	$0	$0	$0
R Alan Hale	Vice-Chair	1	Officer Director	$0	$0	$0
Bryan Heflin	Secretary - Treasurer	1	Officer Director	$0	$0	$0
Todd Meade	Past Chair	1	Officer Director	$0	$0	$0
Mara Hobbs	Director	1	Director	$0	$0	$0
Andrew Semer	Director	1	Director	$0	$0	$0
Bethany Etheredge	Director	1	Director	$0	$0	$0
G E Peterson	Director	1	Director	$0	$0	$0
Madison Rose	Director	1	Director	$0	$0	$0
Reggie Baker	Director	1	Director	$0	$0	$0
Steve Barron	Director	1	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	No data	No data	No data	No data
2024	$43,674,667	$17,002,081	$331,047,670	$26,672,586
2023	$37,299,270	$19,940,623	$294,673,980	$17,358,647
2022	$41,134,480	$22,816,810	$251,108,203	$18,317,670
2021	$33,055,231	$14,051,522	$279,717,835	$19,003,709
2020	$19,415,939	$11,847,053	$240,590,757	$7,568,886
2019	$30,792,491	$13,988,683	$221,436,746	$16,803,808
2018	$31,668,761	$9,588,584	$181,903,921	$22,080,177