GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST

EIN: 752700815 501(c)(3)

ABILENE, TX

Total Revenue
$1,402,441
Total Expenses
$2,060,002
Total Assets
$48,016,370
Net Assets
$48,016,370
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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
1997
Legal Domicile
TX
Phone
3256742000
Tax Period
2024-06-01 to 2025-05-31

GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST, founded in 1997, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 47% operating deficit.

Mission

ENDOWMENT FOR SUPPORT OF ABILENE CHRISTIAN UNIVERSITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,402,441
Other Revenue $0
TOTAL REVENUE $1,402,441

Expense Breakdown

Grants Paid $2,054,552
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,054,552
Other Expenses $5,450
TOTAL EXPENSES $2,060,002

Year-over-Year Comparison

2024 2023 Change
Revenue $1,402,441 $1,299,484 +0.1%
Expenses $2,060,002 $1,983,390 +0.0%
Net Income $-657,561 $-683,906 0.0%
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
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABILENE CHRISTIAN UNIVERSITY TRUSTEE 2.00
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
2025 $1,402,441 $2,060,002 $48,016,370 $-657,561
2024 $1,299,484 $1,983,390 $46,356,768 $-683,906
2023 $1,186,387 $1,877,646 $45,274,814 $-691,259
2022 $1,097,374 $1,754,804 $46,336,469 $-657,430
2021 $990,032 $1,640,008 $45,460,660 $-649,976
2020 $691,834 $1,633,397 $32,383,275 $-941,563
2019 $730,341 $1,625,626 $35,604,858 $-895,285
2018 $700,798 $1,556,257 $37,301,077 $-855,459
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