TEXAS TECH FOUNDATION INC (EIN 756043842) - Form 990 Financial Analysis & Trantor Score

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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

1939

Legal Domicile

Principal Officer

PATRICK KRAMER

Phone

8067429000

Tax Period

2023-09-01 to 2024-08-31

TEXAS TECH FOUNDATION INC, founded in 1939, is a mid-sized nonprofit in the Education sector that reported $92.7M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $122.8M exceeded revenue, resulting in a 32% operating deficit.

Mission

ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF GIFTS FOR THE BENEFIT OF THE TTU SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $82,141,972

Program Service Revenue $0

Investment Income $10,281,022

Other Revenue $275,846

TOTAL REVENUE $92,698,840

Expense Breakdown

Grants Paid $120,355,636

Salaries & Benefits $0

Fundraising Expenses $264,251

Program Expenses $120,355,636

Other Expenses $2,399,989

TOTAL EXPENSES $122,755,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,698,840	$110,148,278	-0.2%
Expenses	$122,755,625	$97,007,634	+0.3%
Net Income	$-30,056,785	$13,140,644	-3.3%

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

$871,357

Total Directors

$871,357

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK KRAMER	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$37,110	$404,977
KIMBERLY C FORD	CHAIRMAN	3.00	Officer Director	$0	$0	$0
TIM LANCASTER	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
JUAN NEVAREZ	SECRETARY	3.00	Officer Director	$0	$0	$0
JAMES MAULDIN	TREASURER	1.00	Officer Director	$0	$40,107	$466,380
STEVE GRAY	DIRECTOR	2.00	Director	$0	$0	$0
J PAT HICKMAN	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL F OWEN MD	DIRECTOR	5.00	Director	$0	$0	$0
JACK RENTZ	DIRECTOR	1.00	Director	$0	$0	$0
JIM SKINNER	DIRECTOR	2.00	Director	$0	$0	$0
BEN STRIBLING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TAYLOR JR	DIRECTOR	8.00	Director	$0	$0	$0
LESLIE WARD	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KRUSE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTI QUINN	DIRECTOR	1.50	Director	$0	$0	$0
BRADLEY BOUMA	DIRECTOR	2.00	Director	$0	$0	$0
KYLE MCGRAW	DIRECTOR	1.00	Director	$0	$0	$0
HOLLAND O'NEAL	DIRECTOR	0.25	Director	$0	$0	$0
BEN STRICKLING	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WISNIEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHERRY WRIGHT	DIRECTOR	4.00	Director	$0	$0	$0
DAVID ALDERSON	DIRECTOR	1.00	Director	$0	$0	$0
WALT CATHEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
BARRY STREET	DIRECTOR	1.00	Director	$0	$0	$0
TIM WINN	DIRECTOR	1.00	Director	$0	$0	$0
BARNEY ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOE J PARKER JR	DIRECTOR	3.00	Director	$0	$0	$0
GERALD G DIXON	DIRECTOR	1.00	Director	$0	$0	$0
GORDON DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COPELAND	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KING	DIRECTOR	1.00	Director	$0	$0	$0
LANNY LAYMAN	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN NELSON	DIRECTOR	1.00	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
2024	$92,698,840	$122,755,625	$938,095,082	$-30,056,785
2023	$110,148,278	$97,007,634	$890,446,404	$13,140,644
2022	$125,336,972	$96,813,130	$849,587,948	$28,523,842
2021	$55,341,496	$106,100,356	$840,921,024	$-50,758,860
2020	$81,055,486	$70,211,724	$716,384,087	$10,843,762
2019	$77,596,427	$65,094,006	$712,971,429	$12,502,421
2018	$73,215,529	$56,787,838	$680,901,283	$16,427,691

TEXAS TECH FOUNDATION INC