THE SCOVELL SCHOLARSHIP 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

2000

Legal Domicile

Principal Officer

KING SCOVELL

Phone

2148556025

Tax Period

2024-06-01 to 2025-05-31

THE SCOVELL SCHOLARSHIP FOUNDATION, founded in 2000, is a small nonprofit in the Education sector that reported $252K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 55% operating margin.

Mission

THE SCOVELL SCHOLARSHIP FOUNDATION HONORS THE MEMORY OF LONGTIME DALLAS AMBASSADOR AND COTTON BOWL TEAM SELECTION CHAIRMAN FIELD SCOVELL AND MARY, HIS WIFE OF NEARLY 50 YEARS, BOTH OF WHOM HAD A PASSION FOR YOUNG PEOPLE AND EDUCATION. ESTABLISHED IN 2000, THE SCOVELL FOUNDATION ANNUALLY AWARDS THOUSANDS OF DOLLARS IN SCHOLARSHIPS TO NORTH TEXAS YOUTHS WITH HIGH MORAL CHARACTER, LEADERSHIP ABILITIES, FINANCIAL NEED AND A CONNECTION TO SPORTS.

Program Service Accomplishments

Program 1

Expenses: $88,587

Student Scholarships ($5,000 per student * 15 )

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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 $23,950

Program Service Revenue $0

Investment Income $227,691

Other Revenue $182

TOTAL REVENUE $251,823

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,587

Other Expenses $37,470

TOTAL EXPENSES $112,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,823	$169,448	+0.5%
Expenses	$112,470	$111,820	+0.0%
Net Income	$139,353	$57,628	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Palen	trustee	0.1	Director	$0	$0	$0
BILL SPICER	Trustee	0.1	Director	$0	$0	$0
Bob Furguson	Trustee	0.1	Director	$0	$0	$0
Warren Gravely	Trustee	0.1	Director	$0	$0	$0
Jack e Irons	TRUSTEE	0.1	Director	$0	$0	$0
Sue Lavender	Trustee	0.1	Director	$0	$0	$0
Jack Roberts	Secretary	4.0	Officer Director	$0	$0	$0
king Scovell	Co PRESIDENT	4.0	Officer Director	$0	$0	$0
Scott Lavender	Co PRESIDENT	4.0	Officer Director	$0	$0	$0
SAM FLORES	trustee	0.1	Director	$0	$0	$0
Margaret Lavender	trustee	0.1	Director	$0	$0	$0
Debbie Middlebrook	trustee	0.1	Director	$0	$0	$0
JIM CHIAK	TREASURER	4.0	Officer Director	$0	$0	$0
STEVE HARGROVE	TRUSTEE	0.1	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	$251,823	$112,470	$2,902,141	$139,353
2024	$169,448	$111,820	$2,761,286	$57,628
2023	$-14,141	$117,491	$2,462,426	$-131,632
2022	$362,218	$97,270	$2,598,398	$264,948
2021	$399,306	$103,292	$2,830,510	$296,014
2020	$71,471	$77,963	$2,209,464	$-6,492
2019	$264,740	$91,474	$2,178,580	$173,266
2018	$285,438	$92,539	$2,172,782	$192,899