WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC

EIN: 752750401 501(c)(3) Education

PALESTINE, TX

Total Revenue
$83,698
Total Expenses
$32,647
Total Assets
$798,590
Net Assets
$798,590
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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
2001
Legal Domicile
TX
Principal Officer
JERRY NOWLIN
Phone
9037296048
Tax Period
2024-01-01 to 2024-12-31

WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC, founded in 2001, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 61% operating margin.

Mission

FUNDING EDUCATIONAL SCHOLARSHIPS

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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 $57,150
Program Service Revenue $0
Investment Income $22,264
Other Revenue $4,284
TOTAL REVENUE $83,698

Expense Breakdown

Grants Paid $22,375
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,375
Other Expenses $10,272
TOTAL EXPENSES $32,647

Year-over-Year Comparison

2024 2023 Change
Revenue $83,698 $131,539 -0.4%
Expenses $32,647 $28,994 +0.1%
Net Income $51,051 $102,545 -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

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Governance

Voting Members
9
Independent Members
9
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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON COLE DIRECTOR 1.00
Director
$0 $0 $0
JEREMY FRYE DIRECTOR 1.00
Director
$0 $0 $0
JIMMY FRYE DIRECTOR 1.00
Director
$0 $0 $0
GARY INGRAM VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ALLYSON MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
JERRY NOWLIN PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFFREY SCHWAB DIRECTOR 1.00
Director
$0 $0 $0
DORENDA SMITH DIRECTOR 1.00
Director
$0 $0 $0
LOYIE WINKEL SECRETARY 1.00
Officer 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 $83,698 $32,647 $798,590 $51,051
2023 $131,539 $28,994 $747,539 $102,545
2022 $29,140 $25,655 $644,994 $3,485
2021 $22,641 $27,802 $641,509 $-5,161
2020 $12,992 $29,526 $646,670 $-16,534
2019 $71,526 $29,006 $663,204 $42,520
2018 $95,414 $35,089 $620,684 $60,325
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