ELDON DURRETT MEMORIAL SCHOLARSHIP… - Form 990 Financial Data

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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

1953

Legal Domicile

Principal Officer

DOYLE CORDER

Phone

8063261121

Tax Period

2024-09-01 to 2025-08-31

ELDON DURRETT MEMORIAL SCHOLARSHIP FUND, founded in 1953, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. The organization ran a surplus of $114K, a strong 67% operating margin.

Mission

THE PRIMARY MISSION IS TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS IN AMARILLO, TEXAS TO ASSIST THEM IN OBTAINING POST-SECONDARY EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $42,400

SCHOLARSHIP AWARDS TO BOYS FROM THE AREA OF AMARILLO, TEXAS. A TOTAL OF 31 INDIVIDUALS RECEIVED SCHOLARSHIPS. NO SCHOLARSHIP TOTALED OVER $2,400 PER INDIVIDUAL.

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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 $101,500

Program Service Revenue $0

Investment Income $67,371

Other Revenue $0

TOTAL REVENUE $168,871

Expense Breakdown

Grants Paid $42,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,400

Other Expenses $12,853

TOTAL EXPENSES $55,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,871	$169,525	0.0%
Expenses	$55,253	$46,196	+0.2%
Net Income	$113,618	$123,329	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOYLE CORDER	BOARD PRESIDENT	0.50	Officer Director	$0	$0	$0
JON MARK BEILUE	BOARD VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CONNIE BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE TRAFTON	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM WARREN II	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID NANCE	BOARD MEMBER	0.50	Director	$0	$0	$0
DON POWELL	BOARD MEMBER	0.50	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	$168,871	$55,253	$1,949,946	$113,618
2024	$169,525	$46,196	$1,814,971	$123,329
2023	$124,021	$34,195	$1,628,898	$89,826
2022	$187,940	$39,006	$1,477,352	$148,934
2021	$24,437	$32,545	$1,634,032	$-8,108
2020	$32,922	$31,328	$1,477,368	$1,594
2019	$42,482	$33,094	$1,350,626	$9,388
2018	$33,074	$35,049	$1,311,105	$-1,975

ELDON DURRETT MEMORIAL SCHOLARSHIP FUND