THE SCOVELL SCHOLARSHIP FOUNDATION

EIN: 752886725 501(c)(3) Education

Dallas, TX

Total Revenue
$251,823
Total Expenses
$112,470
Total Assets
$2,902,141
Net Assets
$2,902,141
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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
TX
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

annually awards thousands of dollars in scholarships to North Texas youths with high moral character, leadership abilities, financial need and a connection to sports.

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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 $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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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